May 03, 2024
Walmart and Amazon Expand Private-Label Plays to Compete in Grocery
As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands. Walmart announced Tuesday (April 30) the launch of bettergoods, its largest private-brand...
May 03, 2024
Platforms Rally to Push FinTech IPO Index 3% Higher
A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps,...
May 02, 2024
Apple’s Quarter Beat Muted Expectations, but China and AI Battlefields...
The bar was, arguably, low coming into Apple’s latest earnings report. And the tech giant stepped over that bar, spurring investors to breathe a sigh of relief, sending shares up...
May 02, 2024
Expedia’s B2B Segment Thrives While B2C Struggles for Momentum
Expedia Group’s first-quarter results, released on Thursday (May 2), indicate a healthy yet more stabilized global travel market, albeit with slightly subdued gross bookings. On a call with analysts and investors, outgoing...
May 02, 2024
Block Sees Both Banking and Bitcoin Driving Future Growth
Block, owner of Cash App and Square, is also a huge owner of bitcoin. This, as the company’s latest first quarter 2024 earnings results revealed that the company’s $200 million investment in bitcoin grew by around...
May 02, 2024
Mercado Libre’s Investments in Mexico Propel Earnings
Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its multifaceted business Thursday (May 2)....
May 02, 2024
Microsoft Bans Police Use of AI Service for Facial Recognition
Microsoft has banned police departments from using its Azure OpenAI Service for facial recognition purposes. The company added language to its code of conduct Thursday (May 2) saying that this artificial intelligence (AI) service may...
May 02, 2024
Big Innovations Powering Small Business Growth Dominate This Week in...
It is National Small Business Week in the U.S., and the spotlight is on business-to-business (B2B) innovation. That’s why PYMNTS spent Monday (April 29) unpacking how small businesses with big ambitions are turning...
May 02, 2024
New UK Law Spotlights Weak Security Features in Smart Devices
Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security gap by introducing a consumer...
