(source: pymnts.com)
Financial institutions’ net income dropped 43.9% in the fourth quarter of 2023. The net income of commercial banks and savings institutions insured by the Federal Deposit...
Consumers’ total outstanding credit leapt by $19.5 billion in January. Revolving credit accounted for $8.4 billion of the increase, while nonrevolving credit made up the...
InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in the category, Porch Group, a leader in the homeowners insurance...
In a shift toward ethical technology use, companies across the globe are intensifying their efforts to develop responsible artificial intelligence (AI) systems, aiming to ensure...
In testimony before Congress, Federal Reserve Chairman Jerome Powell said that the idea of the United States adopting a central bank digital currency (CBDC) is far from being...
LinkedIn’s premium subscription segment reportedly earned $1.7 billion in revenue in 2023. During the same year, the social networking platform for professionals saw a 25%...
As retailers compete for consumers’ omnichannel loyalty, Costco is driving digital growth with a somewhat unconventional approach — selling precious metals. The membership warehouse club...
The U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the agency from implementing its new rule to limit credit card...
Accenture’s new $1 billion investment in artificial intelligence (AI)-powered tech education shows how the fast-growing field could help employees learn new skills. Accenture unveiled LearnVantage, an...