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BILL Plans 30% Workforce Cut as AI Becomes Top Priority

BILL Plans 30% Workforce Cut as AI Becomes Top Priority
BILL Plans 30% Workforce Cut as AI Becomes Top Priority
May 07, 2026  |  Earnings

BILL plans to reduce its workforce by 30% by the end of the quarter as it sharpens its focus on artificial intelligence, BILL CEO and...

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Mercado Libre Sacrifices Short-Term Profits to Fuel Growth
Mercado Libre Sacrifices Short-Term Profits to Fuel Growth
May 07, 2026  |  Earnings

Mercado Libre’s investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and...

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Affirm Earnings Put Consumer Credit, Private Credit in Focus
Affirm Earnings Put Consumer Credit, Private Credit in Focus
May 07, 2026  |  Buy Now Pay Later

Affirm’s latest quarter earnings call landed at a revealing moment for consumer finance. The company plays at the intersection of two of the most important...

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Block Rallies as AI Push Turns Cash App Into a Lending Hub
Block Rallies as AI Push Turns Cash App Into a Lending Hub
May 07, 2026  |  Earnings

Block’s first-quarter earnings report was the company’s first since its sweeping organizational restructuring and staff reductions earlier this year, and management used the call to...

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Half of Luxury Shoppers Prefer Resale, and The RealReal Saw It Coming 
Half of Luxury Shoppers Prefer Resale, and The RealReal Saw It Coming 
May 07, 2026  |  eCommerce

Luxury resale used to be a secondary consideration. The numbers say it isn’t anymore. Nearly half of luxury consumers now factor resale value into primary...

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Coinbase’s Reinvention Hits a Wall With $394 Million Quarterly Loss
Coinbase’s Reinvention Hits a Wall With $394 Million Quarterly Loss
May 07, 2026  |  Cryptocurrency

As crypto gained ground in both Washington and Wall Street over the past two years, Coinbase worked to position itself as the mature face of...

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FTC Sounds Alarm as Imposter Scams Steal $3.5 Billion
FTC Sounds Alarm as Imposter Scams Steal $3.5 Billion
May 07, 2026  |  Fraud Prevention

The Federal Trade Commission (FTC) is warning consumers to beware of text messages that demand money for unpaid tolls as well as new online friends or love...

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Google Transforms Fitbit Into Health and Wellness Ecosystem
Google Transforms Fitbit Into Health and Wellness Ecosystem
May 07, 2026  |  Wearables

Google is revamping its health and wellness product and platform lineup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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The Connected Economy Is Making Companies Worth a Trillion Dollars 
The Connected Economy Is Making Companies Worth a Trillion Dollars 
May 07, 2026  |  Connected Economy

Samsung’s arrival in the trillion-dollar club this week expands a roster that increasingly defines who controls the architecture of the modern global economy. Get the...

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