News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

(source: pymnts.com)

Dealmakers Hope for ‘M&A Rebound’ After Weak 2023
Dealmakers Hope for ‘M&A Rebound’ After Weak 2023
December 26, 2023  |  Acquisitions

It was a bleak year for mergers and acquisitions (M&A), the worst in a decade. However, a pair of reports Tuesday (Dec. 26) show that...

READ MORE >
Apple Appeals Smartwatch Ban After White House Refuses to Intervene
Apple Appeals Smartwatch Ban After White House Refuses to Intervene
December 26, 2023  |  Apple

Apple is appealing a ban that threatens its $17 billion smartwatch business. The tech giant filed a challenge to the ban imposed by the U.S. International...

READ MORE >
Banks Slash 60K Jobs as Dealmaking and IPOs Decline
Banks Slash 60K Jobs as Dealmaking and IPOs Decline
December 26, 2023  |  Banking

The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a...

READ MORE >
Binance Founder’s Fortune Ballooned by $25 Billion in 2023
Binance Founder’s Fortune Ballooned by $25 Billion in 2023
December 26, 2023  |  Cryptocurrency

Despite a turbulent year for his company, Binance’s founder is ending 2023 $25 billion richer. Changpeng “CZ” Zhao’s net worth is now an estimated $37 billion, putting...

READ MORE >
Holiday Online Retail Sales Jump 6.3% Amid ‘Deliberate’ Spending
Holiday Online Retail Sales Jump 6.3% Amid ‘Deliberate’ Spending
December 26, 2023  |  Retail

American consumers upped their holiday spending this year, doing a lot of that spending online. That’s according to preliminary results from Mastercard’s SpendingPulse released Tuesday (Dec....

READ MORE >
Infrastructure Vendors Were the Market Winners in AI’s First Year
Infrastructure Vendors Were the Market Winners in AI’s First Year
December 26, 2023  |  artificial intelligence

The first year of the generative artificial intelligence (AI) era is winding down. And what a year it has been. As difficult as it is...

READ MORE >
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
December 26, 2023  |  Artificial Intelligence

With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been...

READ MORE >
One in 7 US Middle-Market Companies Use Overdrafts as a Working Capital Solution
One in 7 US Middle-Market Companies Use Overdrafts as a Working Capital Solution
December 26, 2023  |  B2B Payments

Having access to some extra cash from your financial institution at certain points in your personal or professional life may be particularly helpful for individuals...

READ MORE >
LTK Says Everybody Wants to Become a Creator, but Is That a Good Thing?
LTK Says Everybody Wants to Become a Creator, but Is That a Good Thing?
December 26, 2023  |  Retail

The urge to play “creator” has spread like wildfire through our culture. People from all walks of life are itching to share their stories, skills...

READ MORE >