BILL plans to reduce its workforce by 30% by the end of the quarter as it sharpens its focus on artificial intelligence, BILL CEO and Founder René Lacerte said Thursday (May 7) during the company’s third fiscal quarter 2026 earnings call. Get the Full Story...
Mercado Libre’s investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and financial income in the first quarter, the company said in a Thursday (May 7) earnings release. Get the Full Story...
Block’s first-quarter earnings report was the company’s first since its sweeping organizational restructuring and staff reductions earlier this year, and management used the call to highlight accelerating toward artificial intelligence-driven automation, embedded financial services and tighter connections between Cash App consumers and Square merchants. Get...
McDonald’s executives warned Thursday (May 7) that consumers are becoming more cautious with their spending as economic uncertainty continues to weigh on household budgets, prompting more diners to seek out low-priced meals and discounts. Get the Full Story Complete the form to unlock this article...
Out-of-pocket drug costs are rising for millions of Americans. Coverage gaps are widening. GoodRx is turning both trends into a business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
OppFi saw its total net originations decrease 7% in the first quarter as the company tightened credit and as larger tax refunds reduced its customers’ need for loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Adyen’s processed volume increased 21% year over year in the first quarter to reach €382 billion (about $449 billion), showing continued resilience in consumer spending, the company said in a first-quarter business update released Wednesday (May 6). Get the Full Story Complete the form to...
The FinTech landscape is undoubtedly a mature one these days. But as Chime Financial’s first quarter 2026 earnings call Wednesday (May 6) revealed, that doesn’t mean that firms can’t still achieve scale without abandoning growth, or that both scale and growth are ever risk-free. Get...
A decade of grocery data sits under Instacart’s platform, and the company is now turning it into an artificial intelligence system that plans meals, builds your basket and predicts what shoppers forgot. Get the Full Story Complete the form to unlock this article and enjoy...
