News

Retail
Macy’s Investors Reportedly Launch $5.8 Billion Bid to Take Retailer Private
December 10, 2023

A group of investors reportedly wants to make department store chain Macy’s a private company. 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,...

Retail
Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
December 10, 2023

At auto dealerships around the country, electric cars have reportedly become a hard sell. 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...

Retail
Is White Elephant Gift-Giving Still a Holiday Hit? 
December 09, 2023

Even in the face of inflation, consumers are proving that they won’t “checkout” easily when it comes to tradition. Last week, PYMNTS delved into whether shoppers were ready to swap out real Christmas trees for alternatives, and the verdict was a resounding commitment to tradition. ...

Investments
Harpoon Ventures Raises $125 Million to Support Startups
December 08, 2023

Early-stage venture capital (VC) firm Harpoon Ventures has closed a $125 million fund to support enterprise startups serving the public and private sectors.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
Face-Scanning Technology Becomes Focus of EU’s AI Act Negotiations 
December 08, 2023

European Union (EU) negotiators are reportedly engaged in discussions to establish the most comprehensive regulation of artificial intelligence (AI) in the western world.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Payment Methods
Venmo’s Growth Was Steady in the Quarters Leading to Amazon’s Decision to Pull the Plug
December 08, 2023

The news that Amazon will stop taking Venmo payments prompts much speculation as to the why behind it all, roughly 14 months since the 90 million active Venmo customers in the U.S. began to be able to use the option on Amazon (though they can...

Retail
Convenience Stores Tap EV Chargers to Capture Spending
December 08, 2023

Convenience retailers are seizing on the electric vehicle (EV) charging opportunity to drive sales, as consumers wait around with little to do but shop. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
December 08, 2023

The luxury industry is reportedly facing a slowdown as shoppers sober up after their pandemic spending spree. 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...

Payment Methods
J.P. Morgan Payments Processes Record Number of Transactions in Europe
December 08, 2023

J.P. Morgan Payments processed a record number of card-not-present transactions in Europe on both Black Friday (Nov. 24) and Cyber Monday (Nov. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...