Stone Ridge Asset Management told clients in one of its funds last week that it would pay investors only 11% of the amount they requested to cash out because recent redemption requests were so high, the Wall Street Journal reported Wednesday (March 18), citing an investor update. Get...
Macy’s returned to positive comparable sales in fiscal 2025, marking what the company called an inflection point after years of contraction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Bank of America is offering clients a basket of 17 European financial stocks that allows them to bet against companies the bank said are among the “most exposed to private credit shocks,” the Financial Times reported Wednesday (March 18). Get the Full Story Complete the...
Robots are coming to hospitals, but they are not there to replace surgeons. Instead, they observe, coordinate and carry loads, tasks that consume large amounts of clinical staff time and require far less judgment than the work surgeons spend years training to perform. Get the...
Microsoft and Google are racing to embed artificial intelligence (AI) directly into their spreadsheet products, and the results suggest that Excel and Google Sheets, not purpose-built AI tools, may become the dominant interfaces for enterprise AI adoption. Get the Full Story Complete the form to...
Alibaba is reportedly increasing its AI and computing storage prices by up to 34%. 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....
Tempo, a payment-focused blockchain incubated by Stripe and cryptocurrency venture firm Paradigm, launched its mainnet and introduced an open standard for machine payments Wednesday (March 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Earnings season has revealed a consumer who is not withdrawing from the marketplace so much as recalibrating participation, timing purchases with deliberation and increasingly using digital channels to manage each dollar before it is spent. Get the Full Story Complete the form to unlock this...
Meta-owned Manus has debuted a capability that brings its artificial intelligence (AI) agent to users’ computers. 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...