JPMorgan Chase, Bank of America and Wells Fargo hold about $1.6 trillion in deposits that pay no interest, the Financial Times reported. That money tends to stay put because moving it takes time. Artificial intelligence (AI) agents could remove that friction. Meta’s Muse and similar...
Consumer credit is still growing, but consumers eased off the form of borrowing they can adjust most readily from month to month. Federal Reserve data released Wednesday (Oct. 7) show consumer credit expanded at a seasonally adjusted annual rate of 1.9% in August, less than...
Consumer sentiment slipped in September amid concerns about high prices and rekindled trade disputes, according to the University of Michigan’s Surveys of Consumers. The survey’s final results for September showed that the Index for Consumer Sentiment declined by 7% compared to a month ago and...
Corporate cards provided a scalable answer to the question of who is allowed to spend company money. Virtual cards are taking that answer even further, to the question of “what” is allowed to direct enterprise spend. HSBC expanded its virtual card program across Asia Pacific on...
October 07, 2026
Consumer credit is still growing, but consumers eased off the form of borrowing they can adjust most readily from month to month. Federal Reserve data released Wednesday (Oct. 7) show consumer credit expanded at a seasonally adjusted annual rate of 1.9% in August, less than half July’s revised 4.1% pace and the slowest since May. […]
September 25, 2026
Corporate cards provided a scalable answer to the question of who is allowed to spend company money. Virtual cards are taking that answer even further, to the question of “what”...
August 20, 2026
The $100 billion U.S. tariff unwind isn’t just a legal exercise for enterprise firms; it’s exposing a crucial piece of B2B infrastructure. More than 40 S&P 500 companies reported $9.6...
July 30, 2026
Seventeen percent of card issuers have reached the high customer lifetime value (CLTV) tier. What sets them apart isn’t the number of capabilities they’ve deployed, but the order in which...
September 28, 2026
Consumer sentiment slipped in September amid concerns about high prices and rekindled trade disputes, according to the University of Michigan’s Surveys of Consumers. The survey’s final results for September showed that the Index for Consumer Sentiment declined by 7% compared to a month ago and 12.7% compared to a year ago. Surveys of Consumers Director […]
March 23, 2026
Which is scarier? The idea of artificial intelligence (AI) making a mistake, or it taking your job? New research by Anthropic shows that more people would say “yes” to the...
March 20, 2026
The White House unveiled a National Policy Framework for Artificial Intelligence Friday (March 20), saying that this set of legislative recommendations is designed to help American industry innovate and American...
March 13, 2026
A bill introduced in the New York City Council would make the city’s minimum wage the highest in the country, though it would still be below what some consider to...
