News

Retail
Nike Digital Drops 12% as Brands Rebalance D2C and Wholesale
July 02, 2026

The shorthand of direct-to-consumer (D2C) might boil down to selling through a brand’s own website or brick-and-mortar location. But writ large, the model is about controlling the customer relationship. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
Companies Trust AI’s Advice but Not Its Actions
July 02, 2026

Companies are using artificial intelligence across more of their operations than ever while trusting it less to act on its own. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
Microsoft Spends $2.5 Billion on Customer AI Deployments
July 02, 2026

Microsoft will spend $2.5 billion on a new unit aimed at helping its customers implement artificial intelligence (AI). 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...

Banking
UBS Plans to Launch Banking Services For Wealthy Americans
July 02, 2026

Swiss bank UBS is reportedly planning to launch a bank for wealthy Americans. 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....

Artificial Intelligence
SpaceX Built the Network an AI Device Needs. Now What?
July 02, 2026

SpaceX controls a satellite broadband network, a direct-to-cell service and an AI company. What it doesn’t have is a consumer device that connects all three. That gap is what makes the question worth asking. Get the Full Story Complete the form to unlock this article...

Banking
Regions Bank Accelerates Capital Markets Push With Frazer Lanier Acquisition
July 02, 2026

Regions Bank parent company Regions Financial Corp. has expanded its services by acquiring The Frazer Lanier Company, a Montgomery, Alabama-based full-service investment banking firm specializing in municipal and corporate securities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Amazon and Walmart’s Summer Sale Wars Deliver a Win (With An Asterisk)
July 02, 2026

Retailers found a way to get inflation-weary Americans to buy in June. The question is how much it cost them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
The AI Curiosity Shop Stocks Fish, Wine and Hard Lessons
July 02, 2026

Give an artificial intelligence agent a budget, a marketplace and a little too much autonomy, and sooner or later, somebody ends up explaining why the office now owns a live betta fish. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Jeff Bezos’ Family Office Accelerates AI Bets
July 02, 2026

Jeff Bezos’ family office, Bezos Expeditions, made five direct investments in artificial intelligence startups in June, CNBC reported Thursday (July 2), citing exclusive data provided by private wealth intelligence platform Fintrx. Get the Full Story Complete the form to unlock this article and enjoy unlimited...