News

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

(source: pymnts.com)

FinTech IPO Index Loses 4.7% as Platforms Lead to the Downside
FinTech IPO Index Loses 4.7% as Platforms Lead to the Downside
October 27, 2023  |  Fintech Investments

The platforms led the FinTech IPO Index 4.7% lower this past week, as the year-to-date gains have been winnowed down to about 16%. AMTD shares...

READ MORE >
Hasbro Revamps Games for Cost Efficiency, Including Jenga 
Hasbro Revamps Games for Cost Efficiency, Including Jenga 
October 26, 2023  |  Retail

Hasbro, the toy manufacturer, is echoing Barbie-maker Mattel in cautioning that the upcoming holiday season might be lackluster, reflecting a trend of cautious consumer spending...

READ MORE >
Amazon Online Sales Bounce 7%, Subscriptions Surge 14%, Customers Still ‘Trade Down’ 
Amazon Online Sales Bounce 7%, Subscriptions Surge 14%, Customers Still ‘Trade Down’ 
October 26, 2023  |  Amazon

Amazon’s third quarter results showed a rebound in online sales, with a 7% growth rate doubled by the 14% gain in subscription-related revenues. Earnings materials...

READ MORE >
Capital One Reports Delinquency Rate Back to Pre-Pandemic Level
Capital One Reports Delinquency Rate Back to Pre-Pandemic Level
October 26, 2023  |  Consumer Finance

The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. The 30-day performing...

READ MORE >
Bankman-Fried Stumbles, Claims Forgetfulness in Testimony Dress Rehearsal 
Bankman-Fried Stumbles, Claims Forgetfulness in Testimony Dress Rehearsal 
October 26, 2023  |  Legal

Federal prosecutors rested their case against accused financial fraudster Sam Bankman-Fried on Thursday (Oct. 26). Now, nearly a full calendar year since his multibillion-dollar crypto...

READ MORE >
Chipotle Taps Automation to Boost eCommerce Capacity Even as Digital Ordering Declines
Chipotle Taps Automation to Boost eCommerce Capacity Even as Digital Ordering Declines
October 26, 2023  |  eCommerce

Chipotle is testing automated technology to boost the capacity and efficiency of its makelines for eCommerce orders, even as consumers shift away from its digital...

READ MORE >
Google Emphasizes Importance of Innovation in Antitrust Trial
Google Emphasizes Importance of Innovation in Antitrust Trial
October 26, 2023  |  ANTITRUST

Google executive Prabhakar Raghavan testified Thursday (Oct. 26) in the search and advertising giant’s ongoing antitrust trial, shedding light on the challenges the company faces...

READ MORE >
Schumer: Legislation Is the ‘Only Real Answer’ to Regulate AI
Schumer: Legislation Is the ‘Only Real Answer’ to Regulate AI
October 26, 2023  |  artificial intelligence

President Joe Biden is preparing an executive order dealing with artificial intelligence (AI). The Senate’s top Democrat, however, reportedly believes action on AI needs to come...

READ MORE >
Camping World and Instacart Partner on Delivery of Outdoor Gear
Camping World and Instacart Partner on Delivery of Outdoor Gear
October 26, 2023  |  Retail

Camping World has become the first dedicated camping and recreational vehicle (RV) supplies retailer to partner with Instacart for same-day delivery. This collaboration allows Camping World customers to...

READ MORE >