Cosmetics maker Revlon has announced the appointment of Elizabeth “Liz” A. Smith as interim CEO of the company, effective Tuesday (Aug. 1). Smith takes over from Debra Perelman, who is stepping down from her role as president and CEO and board member, but will remain an advisor to the...
Tide, a United Kingdom FinTech, has added accrual-based accounting to its digital business finance platform for small- to medium-sized businesses (SMBs). This addition to the Tide Accounting tool helps more SMBs simplify their accounting, the company said in a Tuesday (Aug. 1) press release. “Standard accrual-based accounting...
Nearly half of the companies in the S&P 500 have reported their most recent financial earnings. The terms “artificial intelligence” or “AI” were mentioned a total of 827 times, nearly double the amount of mentions as the quarter prior, Reuters reported Tuesday (Aug. 1). The generative...
Facing pressure to improve their environmental record, clothing makers want to repair customers’ worn garments. It’s a trend PYMNTS has been following since last year and the subject of a Tuesday (Aug. 1) Wall Street Journal report on the fast-fashion sector’s repairs campaign. For example, Zara is set to...
Flutterwave has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. With this expansion, the Send App can now be used to send money to and from 34 countries around the world, the payments technology company said in a...
When consumers don’t spend, retailers typically think to offer a discount. But discounts, as we all know, can become a slippery slope. What lengths will a luxury retailer go to get the “aspirational shopper” to continue to shop? The question arises due to the difference...
Would chatting with an artificial intelligence (AI)-powered Abe Lincoln keep you on Facebook? That’s apparently what the platform’s owner is hoping, according to a report Tuesday (Aug. 1) by the Financial Times. Meta, which owns Facebook and Instagram, has been developing chatbot prototypes — known as “personas” — that...
Bed Bath & Beyond is making a comeback in the U.S. Following its acquisition by Overstock.com in June for $21.5 million and its website launch in Canada, the company has announced the official launch of BedBathandBeyond.com in the U.S. “This is a historic day for Bed Bath...
The problem with artificial intelligence (AI) is that its intelligence is, well, artificial. And AI-generated content can spread potentially harmful misinformation and synthetic media across images, text, video and more. As it becomes increasingly difficult to distinguish between human and AI-generated content, even some of AI’s early...
