News

Investments
June’s Strong Finish And HourlyNerd’s Strong Series C
July 06, 2016

The changing workforce has been something of an obsession since the rise of Uber and its many imitators. While 1099 contractors were not a new idea that on-demand introduced to the economy, the sudden surge has notably been a more recent phenomenon. Get the Full...

Merchant Innovation
PYMNTS Daily Data Dive: Amex Takes On Online Lending
July 06, 2016

In what has been called a shot across Square’s box, American Express has racked up some headlines today with the announcement that American Express is right on the cusp of going live with an online lending platform that will be geared toward small business clients. The...

News
Big Gains Among Some Small Names
July 05, 2016

U.S. stocks returned from their holiday weekend with fireworks of their own, though decidedly not the kind bulls like. As of the time of this writing equities opened down and the broader index that is the Standard and Poor’s benchmark was off about 70 basis points....

News
PYMNTS Daily Data Dive: Lyft’s Latest Figures
July 05, 2016

Is Lyft prepping for a sale, or perhaps just a big investor? 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...

Retail
Why Nordstrom Is Embracing Change
July 05, 2016

Spring and summer have not been terrifically encouraging times for department stores of nearly all stripes, or retailers in general. With the exceptions of a few standout bright spots — Walmart, TJX and H&M spring to mind — as the results rolled in from the...

Retail
Phil Knight Bids Adieu To Nike (Sort Of)
July 05, 2016

As Americans were prepping to sail off into the holiday weekend, Nike announced that founder Phi Knight will be officially retiring from the atheletic giant’s board and will be taking on the role of “chairman emertius.”  Current president and CEO Mike Parket will ascend to...

eCommerce
Facebook Messenger’s 11,000 Bot Expansion
July 05, 2016

According to reports emerging late last week, over 11,000 new chatbots have hit the beach on Facebook’s Messenger, with 23,000 developers waiting in the wings after having signed up for the platform’s bot engine. Get the Full Story Complete the form to unlock this article...

Retail
Tesla Misses Delivery Targets — Again
July 05, 2016

Tesla Motors has missed its delivery target for the second consecutive quarter and may well fall short of its annual target, leading some to speculate if the innovative electric car maker has found any sort of solution for its production issues as it looks to...

eCommerce
Online Grocery Sales Growing Sharply
July 05, 2016

Consumers are increasingly willing to do their food shopping online. That is the takeaway from a new Harris Poll that indicates about a third of American consumers have ordered something to eat off the web in recent memory. If consumers who never buy anything online...