Unilever could reportedly sell off some of its beauty and personal care brands. The consumer packaged goods (CPG) giant is working with Morgan Stanley and Evercore to sell a selection of its “non-core” beauty and personal care brands, Q-tips among them, Reuters reported Wednesday (Sept....
FedEx has reportedly been navigating the challenges in the parcel market and impressing investors on Wall Street. Despite facing declining package volumes, the global courier and delivery service company’s stock has surged by 44% this year, outperforming its main rival, United Parcel Services (UPS), whose...
The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need for lenders to provide specific and accurate explanations when making credit denials, the regulator said in a Tuesday (Sept. 19) press...
Instacart stock closed at $33.70 a share on Tuesday (Sept. 19), the day of its initial public offering (IPO). Priced at $30 a share on Monday (Sept. 18) by the grocery-delivery company, the stock opened Tuesday at $42, rose as high as $42.95 during the day and...
New York City is a step closer to facing a lawsuit over a cap on how much meal-delivery services can collect from local restaurants. U.S. District Judge Gregory Woods denied the city’s motion to dismiss the suit, bringing the case closer to a potential trial,...
Card reward programs are proving to be highly effective in building customer loyalty across industries, especially the travel sector, which is roaring back after several years of deep losses. That’s according to “Leveraging Item-Level Receipt Data: How Card-Linked Offers Drive Customer Loyalty,” a PYMNTS-Banyan study...
Industries are defined by what customers do, not what companies produce. And if something doesn’t scale up across a global audience, then it isn’t worth much. That’s why, as more small- to medium-sized businesses (SMBs) look to do business internationally, solving for low-cost cross-border payments has become...
Paxton AI has secured $6 million in seed funding to grow its generative artificial intelligence (AI) platform for legal research and drafting. Paxton AI said in a Tuesday (Sept. 19) blog post that since the launch of the eponymous AI platform in July, it has...
As restaurants look to reach new consumers and build loyalty, card-linked offers can go a long way, PYMNTS Intelligence reveals. By the Numbers According to the report “Leveraging Item-Level Receipt Data: How Card-Linked Offers Drive Customer Loyalty,” which draws from a July survey of more...
