Alphabet, Google’s parent company, has sold off portions of its shares in several publicly traded companies. Among them are the trading platform Robinhood, in which Alphabet sold more than 4.3 million shares, or 90% of its stake in the FinTech, in the period ended June 30,...
The short-term, interest-free monthly payments offered by buy now, pay later (BNPL) plans are used more by millennials than other generations, as noted in the recent PYMNTS collaboration with Sezzle, “The Credit Economy: How Younger Consumers Make Credit Decisions.” Over 20% of the surveyed age...
As is often the case, but especially during troubled economic times, a fair amount of borrowing to meet expenses goes on. In New Reality Check: The Paycheck-to-Paycheck Report — The Household Finances Deep Dive Edition, a PYMNTS and LendingClub collaboration, a survey of more than 4,600 U.S. consumers...
Earnings season is now in full swing, dominating headlines, moving stocks in our ConnectedEconomy™ 100 Index up double-digit percentage points — and to the downside, too. The index was up 1.3%, led by the Shopping pillar, which surged by 6.9%. And within that segment, Ocada...
Effects of the pandemic continue to be felt, and one area of marked change is in the use of the digitally connected economy, which is not as evenly distributed yet as one might think, and that can have a good deal to do with income...
Lyft is considering partnerships and other options for its bike and scooter business. The company has received “strong inbound interest” in the business, Lyft said in a Monday (July 24) update posted on its website. “As a leading bikeshare provider, supplying solutions to over 53 markets across 15...
Earnings season has just started — and for the companies forging new paths to commerce and payments, the quarterly report card gives a glimpse into progress and challenges. To that end, the CE 100 Index gained 0.5% through the week, as a few names chimed...
“Barbie” is the queen of the box office, giving theaters their best opening weekend since 2019. Director Greta Gerwig’s film based on Mattel’s most famous toy took in $155 million in the U.S. and $337 million worldwide, according to data from reseacher Comscore. In second...
As consumers across the board slowly increase their engagement with restaurants’ eCommerce options, bridge millennials — those between their mid-thirties and mid-forties — are leading the pack by a long shot, PYMNTS research shows. By the Numbers According to supplemental research from the survey of...