News

Investments
Granola Raises $43 Million for AI That Generates Searchable Meeting Transcripts
May 15, 2025

Granola said Wednesday (May 14) that it raised $43 million in a Series B funding round and introduced the new version of its artificial intelligence notepad, Granola 2.0, which writes meeting notes and enables users to search through and chat with those transcripts. Get the...

Retail
Shein Lowers Prices Following US-China Trade War Truce
May 15, 2025

Shein cut prices for customers in the United States after Washington temporarily lowered tariffs on Chinese imports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

eCommerce
Alibaba: ‘Instant Commerce’ Market Could Draw ‘Every Person in China’
May 15, 2025

Last month, Chinese tech conglomerate Alibaba debuted a fast delivery service it dubbed “instant commerce.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Regulation
Bank of London Discloses Investigation by UK’s Prudential Regulation Authority
May 15, 2025

FinTech company Bank of London is reportedly being investigated by the Bank of England’s Prudential Regulation Authority (PRA) for unspecified “historic” events and for inaccurate record-keeping, lax regulatory reporting and governance failures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Coinbase Reimburses Customers Following $20 Million Extortion Attempt
May 15, 2025

Coinbase is reimbursing users following a data breach that turned into an extortion attempt. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Security & Fraud
DEA: US Banks ‘Prime Candidate for Exploitation’ by Money Launderers
May 15, 2025

Banks in the United States are increasingly finding themselves ensnared in cartel-connected money laundering operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Payment Methods
Digital Wallets Want to Replace Your Apps, Not Just Your Cards
May 15, 2025

It’s no secret that the world is moving faster. In parallel, the way we move money is evolving just as rapidly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Social Commerce
47% of Consumers Check Customer Feedback Before Buying Recommended Items
May 15, 2025

Despite the booming influencer marketing landscape, American consumers exhibit a strong inclination to conduct independent research before committing to a purchase based on a social media recommendation. This highlights a nuanced dynamic where influencer endorsements hold some sway but are rarely the sole determinant of...

Retail
Report: Dick’s Sporting Goods Seeks $2.3 Billion Acquisition of Foot Locker
May 14, 2025

Dick’s Sporting Goods is reportedly close to reaching a deal to acquire Foot Locker for about $2.3 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...