News

Retail
Lululemon Faces Challenges in Domestic Market Despite Global Success
December 16, 2024

For Lululemon, the third quarter of 2024 marked an interesting contrast in its performance across different regions. While the company saw impressive global growth, especially in international markets, its U.S. performance has raised concerns. Get the Full Story Complete the form to unlock this article...

Banking
FDIC Finds More ‘Problem Banks,’ Now at 3-Year High
December 16, 2024

The Federal Deposit Insurance Corp.’s roster of “problem banks” continues to grow. 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. By...

Artificial Intelligence
Google’s Gemini 2.0 Promises Autonomous Control of Complex Business Tasks
December 16, 2024

A subtle but potentially significant shift is occurring in artificial intelligence (AI). Machines are advancing beyond processing commands to undertaking tasks with more autonomy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cross-border Payments
CARD.com Taps Visa Direct to Expand Financial Services Globally
December 16, 2024

CARD.com now enables its users to make cross-border payments via Visa Direct. 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. By...

Artificial Intelligence
AI Companies Receive 42% of US Venture Capital Investment
December 16, 2024

Venture capital in the U.S. has moved to artificial intelligence (AI) companies at an “unprecedented” rate, HSBC Innovation Banking said Monday (Dec. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Big Lots Exec Says Mobile and Digital Become On-Ramp for Bankruptcy Exit
December 16, 2024

Big Lots’ Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company’s business model, particularly its struggle to adapt to the digital age. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
AI Training Debate Raises Stakes for Digital Economy
December 16, 2024

Leading AI researchers caution that training systems on internet data may be hitting their limits, raising concerns about the future of data-driven business models across the digital economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
SoftBank to Invest $100 Billion in AI and Infrastructure in US
December 16, 2024

Japanese tech investment firm SoftBank will reportedly invest $100 billion in the United States over the next four years. 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...

B2B Payments
Finance Leaders Use Data-as-a-Service to Flip the Switch on Real-Time Treasury
December 16, 2024

Today’s treasury operations are a far cry from your father’s, as the saying goes. 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...