The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer demand and ongoing headwinds — including a slowdown in home sales, higher interest rates and a pullback in consumer spending...
Zoom is making a bet that artificial intelligence will be the key to driving growth and expanding its business beyond video conferencing. The video communications company’s first-quarter earnings call was dominated by discussions of AI, with executives highlighting Zoom’s significant investments in the technology and...
For freight-forwarding platforms, the world is their oyster. That’s because the emergence of digital platforms and innovative technologies is profoundly transforming the global logistics and transportation industry’s traditional and legacy workflows. “The opportunity to take all of the offline freight and digitize it is so...
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings...
May 17, 2024
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings reports, the FinTech IPO Index was 1.7% higher this week. […]
May 08, 2024
Uber and Lyft bring to mind the oft-quoted Robert Frost poem. You know the one — about two roads that diverged. The rest of the poem is about the woods,...
May 07, 2024
As consumers feel their budgets come under pressure, people continue to spring for live event tickets, Vivid Seats’ latest earnings results reveal, even as they cut back on retail purchases. The online ticket...
May 06, 2024
We may be witnessing the beginnings of a great pullback in consumer spending. At least in some areas. As paycheck-to-paycheck living remains a reality for most U.S. consumers, the strategies are multipronged: trading...
May 15, 2024
Institutional investors are going to play a bigger role in the cryptocurrency trading market, Bakkt said Wednesday (May 15) when announcing its latest quarterly results. Bakkt, which provides custody, trading and onramp capabilities for the crypto economy, said in a presentation released Wednesday that this increase in the mainstream adoption of crypto was sparked by the Securities and Exchange Commission’s (SEC) approval […]
May 14, 2024
Ant Group’s profits have dropped 19% as the Chinese FinTech expands its digital wallet offering. A report Tuesday (May 14) by Bloomberg News breaks down the company’s earnings, which showed Ant...
May 09, 2024
Priority Technology Holdings is seeing widespread demand for its suite of services that include both software-as-a-service (SaaS) payments and banking. The company recorded strong performance in each of its three...
May 08, 2024
Porch Group has found that unique data provided by its home services software and partnerships has enhanced its underwriting of homeowners insurance and boosted its results. During the first quarter, the...
