Small and medium-sized businesses (SMBs), which play a crucial role in powering the U.S. economy, are facing increasing difficulties in accessing working capital and other financing. In fact, according to the 2023 PYMNTS report titled “Main Street Health Q2 2023: Credit’s Key Role in SMBs’ Plans,”...
During the second quarter of 2023, LVMH’s portfolio brand Loewe secured the top spot on Lyst Index — a quarterly report that considers Lyst shoppers’ behavior, which includes searches on and off the platform, product views, and sales data. But despite claiming the top spot, and...
Quarter after quarter, retailers have been singing the same old song, citing macroeconomic challenges as the hook. While the hook remains the same, there’s a new verse being added: U.S. consumers aren’t spending. This affects more than just brands and retailers. It’s made its way...
Four Big Tech companies have formed a group focused on responsible artificial intelligence (AI) development. The Frontier Model Forum, comprised of Google, Microsoft, OpenAI and Anthropic, “will draw on the technical and operational expertise of its member companies to benefit the entire AI ecosystem,” Google said in a blog post Wednesday...
Walmart is working with Expedia to offer Walmart+ members deals on travel. The partnership, announced Tuesday (July 25), lets members book trips via the WalmartPlusTravel website and get discounts on hotels, car rentals and vacation rentals, with bookings powered by Expedia. “We’re bringing together the ultimate savings membership and vacation...
X, the social media platform formerly known as Twitter, is reportedly trying to gain back advertisers. The platform is now offering discounted prices and a new set of incentives to encourage brands to come back, The Wall Street Journal (WSJ) reported Tuesday (July 25), citing emails...
The U.K.’s Competition and Markets Authority (CMA) has found that HSBC has breached an order that requires banks to send payment transaction histories to some customers. Part 5 of the Retail Banking Market Investigation Order 2017 requires banks to send these histories to any business current account (BCA)...
Digital bank Grasshopper has partnered with Cable to equip its clients and Banking-as-a-Service (BaaS) platform with automation and technology for financial crime assurance, testing and oversight. The bank will leverage the automated assurance and testing capabilities of Cable, an all-in-one financial crime effectiveness testing platform, the companies said in...
Earned wage access company Immediate has closed a $16 million funding round to accelerate its trajectory in the workplace financial health sector. The funds, which include both growth equity and a working capital facility, will enable Immediate to better serve employees who are facing unexpected expenses and...
