Banking
JPMorgan Chase Begins About 1,000 Layoffs While Continuing to Hire
February 12, 2025

JPMorgan Chase reportedly began a round of layoffs that is expected to affect fewer than 1,000 employees. 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...

Economy
Trump Steel/Aluminum Tariffs Could Drive Up Car Insurance Costs
February 12, 2025

President Trump wants new tariffs on steel and aluminum, which could raise the cost of cars. 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...

Earnings
Burger King Owner Plans Remodels Amid ‘Challenging Consumer Backdrop’
February 12, 2025

Burger King’s kingdom is getting a makeover following a slight uptick in sales. 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
AI Startups: Anthropic Nears OpenAI in Fundraises but Lags Far Behind in Adoption
February 12, 2025

Anthropic, the AI startup founded by former OpenAI engineers, is in talks to raise up to $2 billion for a valuation of $60 billion. The latest round would more than triple the artificial intelligence startup’s valuation from a year ago. Leading the round is Lightspeed...

Investments
Suger Raises $15 Million to Streamline Cloud Marketplace Sales Process
February 12, 2025

Suger raised $15 million in a Series A funding round to continue its R&D investments and add artificial intelligence (AI)-powered workflows aimed at streamlining the cloud marketplace sales process. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
January’s Inflation Shows Essential Expenses Erode Consumers’ Purchasing Power
February 12, 2025

It’s not just about the eggs. 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 form, you agree to...

Personnel
Kroger Appoints PepsiCo Veteran David Kennerley as Incoming CFO
February 12, 2025

Kroger said Wednesday (Feb. 12) that PepsiCo veteran David Kennerley will join the company as senior vice president on March 10 and take on the additional role of chief financial officer (CFO) on April 3. Get the Full Story Complete the form to unlock this...

Regulation
CFPB Director Nomination Tops Trump’s Picks to Lead Financial Regulators
February 12, 2025

Three weeks in, President Donald Trump’s second term has been anything but quiet. 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
Alibaba Reportedly Revitalized by China’s AI Fever
February 12, 2025

Interest in artificial intelligence (AI) has reportedly led to a turnaround for China’s Alibaba. 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....