In June, retail sales continued to grow, but the composition of that growth saw consumers making more deliberate choices about where their money goes. Households continued to spend where purchases were difficult to postpone, while many discretionary categories struggled to gain traction. For merchants, banks...
Chinese artificial intelligence startup Moonshot is reportedly preparing to launch Kimi K3, an open-weight model expected to rival Anthropic’s flagship systems while costing a fraction as much to run. It could mark the company’s boldest challenge yet to U.S. AI leadership. Get the Full Story...
Uber Eats has continued its expansion into deliveries of goods beyond meals by forming partnerships with gaming retailer GameStop and three footwear, apparel and accessories retail brands affiliated with Foot Locker. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
If Stripe’s reported pursuit of PayPal signals anything, it is that the next competitive frontier in payments may not be creating new consumer experiences at all. It may be replacing the financial plumbing beneath the ones consumers already trust. Get the Full Story Complete the...
The U.S. Treasury Department and HM Treasury have unveiled a joint blueprint for closer regulatory cooperation on digital assets. It features a series of measures designed to align the two countries’ approaches to stablecoins, tokenization and digital financial infrastructure while laying the groundwork for more...
Anthropic is arranging credit lines worth billions of dollars, adding to a $2.5 billion, five-year revolving credit facility it received last year, The Information reported Wednesday (July 15), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
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Watch more: Need to Know | Paymentus | Rob Eberly 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 completing this...
Small businesses want tools that give them more control over when money moves, how spending gets tracked and what happens when a payment goes wrong. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
