Earnings
Nike’s Mission to Return to Profitability: Reignite Its Legacy
December 19, 2024

Nike’s journey back to profitability, spearheaded by a reinvigorated leadership team, marks a pivotal moment in the company’s storied history. With a new CEO at the helm, Nike is focusing on three core areas — product, brand and marketplace — as it seeks to return...

Bank Regulation
Fed Issues Action Against Lineage Financial Separate from Synapse Case
December 19, 2024

The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. 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 Launches ChatGPT Support for More Apple Desktop Apps
December 19, 2024

OpenAI launched more integrations of ChatGPT with desktop apps on Apple devices Thursday (Dec. 19), saying these offerings will help users automate more of the work they do on desktops. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Google
Google to Offer AI-Generated Conversational Answers in Search
December 19, 2024

Google reportedly plans to add an AI Mode option to its Search page, enabling users to get conversational answers from a Gemini-like chatbot in place of traditional search results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Walmart Amazon whole paycheck
Will Auto Sales Define the Next Amazon-Walmart Contest?
December 19, 2024

It seems as if consumers can buy just about anything from Amazon. Now, you can add cars to that list. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Loans
Morgan Stanley Expects Favorable Environment for Lenders in 2025
December 19, 2024

Morgan Stanley reportedly upgraded its rating and price targets on shares of several credit card companies and lenders, citing stabilization in consumer credit and an anticipated favorable regulatory environment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cryptocurrency
El Salvador to Roll Back Bitcoin Project Under IMF Agreement
December 19, 2024

The International Monetary Fund (IMF) said Wednesday (Dec. 18) that El Salvador will alter its bitcoin project as part of a staff-level agreement on a $1.4 billion Extended Fund Facility (EFF). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

artificial intelligence
AI Fuels Tech Surge as Micron, Databricks and Basis Ride Wave of Growth
December 19, 2024

Micron Technology posted a stunning 400% jump in data center revenue amid soaring AI chip demand, while data intelligence firm Databricks secured a massive $10 billion funding round at a $62 billion valuation. The AI growth momentum also reached the accounting sector, with startup Basis...

Investments
Justt Raises $30 Million for AI-Powered Chargeback Management Platform
December 19, 2024

Chargeback management firm Justt raised $30 million to bolster its artificial intelligence-powered platform. 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....