Opinion
The Other Reason That Businesses Need to Know Their Customer
May 06, 2025

Understanding a customer’s business inspires proactive solutions, Marqeta Head of Global Strategic Partnerships Anat Hoida writes in a new PYMNTS eBook, “The Listening Economy: How Customer Conversations Are Transforming Financial Services.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Loans
Trump Administration to Begin Student Loan Collections
May 05, 2025

The Trump administration plans to put millions of defaulted federal student loan borrowers into collections starting Monday (May 5). 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...

artificial intelligence
OpenAI to File Scaled-Back Restructuring That Keeps Nonprofit in Charge
May 05, 2025

OpenAI said Monday (May 5) that it will submit a revised corporate plan that leaves its nonprofit parent firmly in control of the for-profit arm behind ChatGPT, walking back a December blueprint that would have ceded voting power in exchange for easier fundraising. Get the...

artificial intelligence
Nvidia Wants to Use AI in the Real World, From Biotech to Transportation
May 05, 2025

Nvidia is ramping up the artificial intelligence (AI) arms race, unveiling more than 70 research papers showing how the fast-evolving technology can perform in real-world settings that go far beyond text and images. Get the Full Story Complete the form to unlock this article and...

eCommerce
ThredUP Surges as CEO Sees Tariffs Tilting Shoppers to Resale
May 05, 2025

Online resale marketplace ThredUP delivered better-than-expected first-quarter earnings Monday (May 5), reinforcing shoppers’ growing taste for secondhand clothing. And in a theme not sounded very often during this earnings season, CEO James Reinhart says the Trump administration’s proposed tariffs on Chinese imports could sharpen that...

Business
Rite Aid Files for Bankruptcy, Job Cuts Expected
May 05, 2025

Rite Aid Corp. said Monday (May 5) that it has filed for Chapter 11 bankruptcy protection again, less than a year after emerging from a previous restructuring effort. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Citigroup CEO: US Businesses Delay Investments, Hiring Amid ‘Limbo’ of Tariff Uncertainty
May 05, 2025

Citigroup CEO Jane Fraser said Monday that most of the Wall Street bank’s business clients believe they can cope with U.S. tariffs of up to 10% on foreign countries, including China, but that levies any higher would make things difficult. Get the Full Story Complete...

Supply Chain
Analysis: Financial Supply Chains Are Only as Strong as Their Riskiest Vendors
May 05, 2025

Any supply chain is only as strong as its riskiest vendor. 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...

Artificial Intelligence
Microsoft’s AI Push Notches Early Profits
May 05, 2025

Microsoft’s strategy to install artificial intelligence (AI) as a default feature on its software may be paying off. 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...