PayPal shares jumped about 16% in premarket trading Wednesday after reports that Stripe and Advent International submitted a joint $60.50-a-share offer, valuing the company at more than $53 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
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OpenAI’s first device will be a portable smart speaker that serves as an artificial intelligence companion, Bloomberg reported Tuesday (July 14), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Federal Reserve supervision should not hinder banks’ implementation of artificial intelligence (AI), because the technology can contribute to financial inclusion, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (July 14). Get the Full Story Complete the form to unlock this article and enjoy...
Labor accounts for 51.7% of hotel operating expenses and 32.4% of total revenue at U.S. hotels, according to CBRE Group’s “Trends in the Hotel Industry” report, which analyzed 2,456 properties using 2023 data. Hotels paid 11.9% more in total labor costs that year while operating...
New U.S. business applications hit 5.6 million in 2025 and have risen 24% since ChatGPT launched, Citadel Securities reported in a July research note, citing data from the U.S. Census Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
CSI acquired Qolo to further its strategy of equipping community banks with commercial banking infrastructure that will help them compete with larger banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
JPMorgan Chase says it is advising its workers to think twice about their artificial intelligence (AI) usage. 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...
