News

Retail
Chewy: Consumers Starting to Adopt Pets Again After Inflation Pullback
May 29, 2024

With pets proving to be a financial strain for many consumers, Chewy has been seeing them hold off on adopting new pets until inflation eases up. Now, some people are finally ready to take on the responsibility. Get the Full Story Complete the form to...

Banking
Wells Fargo CEO: Regulators Restricting Corporate Lending Business
May 29, 2024

Wells Fargo CEO Charlie Scharf reportedly told investors Wednesday (May 29) that the bank could be doing more corporate lending and trading if regulators lifted the asset cap that they imposed on it. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
European Central Bank Member Calls for Easier Cross-Border Bank Mergers
May 29, 2024

European Central Bank (ECB) governing council member Françoise Villeroy de Galhau reportedly said Wednesday (May 29) that mergers of banks in different European countries should be no harder than those between banks in the same country. Get the Full Story Complete the form to unlock...

Investments
Kintsugi Raises $6 Million to Further Develop Tax Automation Platform
May 29, 2024

Kintsugi raised $6 million in a Series A funding round to further develop its tax automation platform. 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...

Retail
Walmart Exec Details Immersive Experiences in Digital ‘Realm’
May 29, 2024

Consumers increasingly want immersive eCommerce journeys, and Walmart is launching new digital shopping experiences to meet this demand. 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...

B2B Payments
Faster Settlements May Add Pressure on FIs to Automate
May 29, 2024

What a difference a day can make. 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 Today. By completing this form, you agree...

Artificial Intelligence
AWS and SAP Team on Generative AI Offerings
May 29, 2024

Amazon Web Services expanded its partnership with enterprise application programming software firm SAP. 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 Today....

Retail
Abercrombie & Fitch: Improved Omnichannel Experience Drives Record Results
May 29, 2024

Abercrombie & Fitch reported record first-quarter earnings results Wednesday (May 29), attributing the gains in part to increased marketing spend and an improved omnichannel experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Food Delivery Platforms Lose $20 Billion as Diners Cut Back
May 29, 2024

Food delivery platforms have reportedly seen more than $20 billion in losses since going public. 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,...