News

China’s IPO Applications Plunge in First Half of 2023
IPO
China’s IPO Applications Plunge in First Half of 2023
July 10, 2023

So far, 2023 has not been a good year for the Chinese IPO (initial public offering) market. 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...

Amazon Uses Prime Day Deals to Drive Traffic to Physical Stores
Retail
Amazon Uses Prime Day Deals to Drive Traffic to Physical Stores
July 10, 2023

Amazon is offering Prime Day deals to draw shoppers to brick-and-mortar stores as well as its website. 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...

Levi’s Cuts Prices as Consumers Cut Spending  
Retail
Levi’s Cuts Prices as Consumers Cut Spending  
July 10, 2023

The story of consumer cutbacks on discretionary items, like apparel and beauty products, continues. But a new narrative is starting to emerge, as brands and retailers demonstrate a willingness to reevaluate their prices to align with changing consumer expectations.   Get the Full Story Complete the...

Walmart Goes Back in Time With Back-to-School Prices
Retail
Walmart Goes Back in Time With Back-to-School Prices
July 10, 2023

Walmart is letting parents shop for the 2023 school year at 2022 prices. 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...

Big Banks’ Loan Losses Spike as Credit Card Charge-Offs Rise
Banking
Big Banks’ Loan Losses Spike as Credit Card Charge-Offs Rise
July 10, 2023

America’s big banks are due to report their largest increase in loan losses since the pandemic. 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...

Study Finds US Consumers Look a Lot But Buy Little on Social Media
eCommerce
Study Finds US Consumers Look a Lot But Buy Little on Social Media
July 10, 2023

Tapping or clicking the hashtag #TikTokMadeMeBuyIt will bring users to pages upon pages of videos in which TikTokers show off viral purchases they first discovered on the platform: iced coffee slushy cups, hair gem stampers, live pet axolotls, levitating bulb lamps and beyond. The hashtag...

B2B Platforms Need to Think Globally, Act Locally to Drive Business Growth
B2B Payments
B2B Platforms Need to Think Globally, Act Locally to Drive Business Growth
July 10, 2023

As companies look to steer their business strategy to drive growth, Pierre Lion, chief growth officer at FinTech firm Mangopay, says thinking globally should be a priority right from the onset. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

America’s New Merger Rules Could Add Months to Process
Regulation
America’s New Merger Rules Could Add Months to Process
July 09, 2023

Proposed regulations for mergers and acquisitions could add months to the deals process. 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....

Report: Revolut US Payments Flaw Leads to $20 Million Theft
Security & Fraud
Report: Revolut US Payments Flaw Leads to $20 Million Theft
July 09, 2023

A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. 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...