News

B2B Payments
Blockchain In Trucking Alliance Lands Corporate Finance Member
October 31, 2017

The Blockchain in Trucking Alliance (BiTA) has announced news that its newest member is a leading supply chain provider in the corporate finance space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Shopify CEO Mum On Details To Quell Citron Short Seller
October 31, 2017

Retail software platform Shopify’s chief executive officer, Tobi Lutke, wants to address complaints lodged by short seller Andrew Left of Citron Research during its upcoming earnings call, reports said Monday (Oct. 30), but the company may be limited in what it can say. Get the Full...

Retail
Macy’s Foot Traffic Free Fall Triggers Citi “Sell” Rating
October 31, 2017

Retailer Macy’s has been handed a sell rating by Citi Research, which said Monday (Oct. 30) that the company’s efforts to increase cash flow and boost foot traffic to its stores are failing. Get the Full Story Complete the form to unlock this article and...

Artificial Intelligence
Toyota’s AI Assistant Wants To Be The Consumer’s Car Buddy
October 31, 2017

Toyota drivers are about to gain a new best friend in Yui, an onboard virtual assistant that uses artificial intelligence to do everything from talk to you to give you a back massage when you’re feeling stressed. Yui was unveiled at the CES in Las Vegas...

Investments
Corona’s Parent Company Gets Into Pot
October 31, 2017

Constellation Brands, a beer distributor that owns Corona, announced that it has signed an agreement to buy an almost 10 percent stake in Canopy Growth Corporation, the world’s largest publicly traded cannabis company. Get the Full Story Complete the form to unlock this article and...

News
US Savings Rate Drops To 10-Year Low
October 31, 2017

Americans are saving less these days — a sign that Americans are making more money, feeling better about the future or are just completely irresponsible and incapable of learning a lesson from a crisis. Get the Full Story Complete the form to unlock this article...

Delivery
DoorDash Sponsors Silicon Valley Virtual Restaurants
October 31, 2017

DoorDash has decided to broaden its main consumer benefit — the ability to skip the restaurant dining room and have the food delivered directly — so that chefs can adopt this model, too. Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
Apple, Facebook CEOs Meet China’s President
October 31, 2017

With Apple gearing up to roll out the iPhone X early next month and Facebook trying to get back into the Chinese market, the executives of the two companies met with China’s President Xi Jinping on Monday (Oct. 30). Get the Full Story Complete the...

Retail
Chinese Consumers Drive Global Luxury Sales Higher This Year
October 31, 2017

Thanks to Chinese shoppers’ affinity for luxury brands, a global recovery of the luxury retail market is underway so far this year. That’s according to a report released by Bain & Company and Altagamma Foundation and covered by news website Jing Daily. Get the Full...