News

IPO
CE 100 Index Climbs 4.2% as Banking Names Rally on Possible Rate Cuts 
December 18, 2023

A broad stock market rally was the hallmark of last week’s trading action. The Federal Reserve signaled a pause on interest rate hikes and three possible rate cuts next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
China Gets Tough on Non-Bank Payment Providers
December 17, 2023

China has published new measures designed to place greater oversight on non-banking payment companies. 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...

Investments
Robinhood Begins Pulling Customers From Larger Brokers
December 17, 2023

Robinhood has reportedly begun enticing customers from more established brokers like Fidelity and Charles Schwab. 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,...

Retail
How Elf on the Shelf Co-Founder Turns Tradition Into Retail Success
December 16, 2023

The Elf on the Shelf is a popular tradition created by Carol Aebersold, Chanda Bell and Christa Pitts of The Lumistella Company in 2005 after the launch of “The Elf on the Shelf: A Christmas Tradition,” a book that includes a Scout Elf and an...

Investments
Qogita Secures $87 Million to Grow Wholesale Procurement Platform 
December 15, 2023

London-based startup Qogita has reportedly secured 80 million euros ($87.3 million) in a Series B round for its wholesale procurement platform for small- to medium-sized businesses (SMBs).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
H&M Steers Upmarket to Pull Away From Shein
December 15, 2023

Fashion retailer H&M is reportedly making strategic moves to attract more aspirational shoppers and differentiate itself from fast-fashion giant Shein. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Loyalty & Rewards
Chase Announces Grocery Deal as Food Shoppers Demand Cash-Back Rewards
December 15, 2023

Chase is targeting consumers’ demand for food deals with new cash-back offers, a move that comes as consumers seek card-linked offers from grocers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
This Week in AI: Healthcare GPTs, EU’s AI Act, the Future of Work
December 15, 2023

The holidays are approaching, and generative artificial intelligence shows no sign of slowing down. 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...

Artificial Intelligence
AI Startup Krutrim Rolls out India’s First Multilingual Large Language Model
December 15, 2023

Krutrim, an artificial intelligence startup founded by serial entrepreneur and CEO of Ola Group, Bhavish Aggarwal, made waves in the field of AI with the launch of India’s first multilingual large language model (LLM). Get the Full Story Complete the form to unlock this article...