News

January’s Inflation Shows Essential Expenses Erode Consumers’ Purchasing Power

February 12, 2025
inflation, purchasing power, economy, consumer finances
Kroger Appoints PepsiCo Veteran David Kennerley as Incoming CFO
Personnel // February 12, 2025

Kroger said Wednesday (Feb. 12) that PepsiCo veteran David Kennerley will join the company as senior vice president on March 10 and take on the additional role of chief financial officer (CFO) on April 3. Kennerley will succeed interim CFO Todd Foley, who will continue...

Who Are Trump’s Picks to Lead Financial Regulators?
Regulation // February 12, 2025

Three weeks in, President Donald Trump’s second term has been anything but quiet. There was a blizzard of executive orders in the first week, covering everything from pausing a TikTok ban to reversing President Joe Biden’s artificial intelligence rules to renaming the Gulf of Mexico,...

Alibaba Reportedly Revitalized by China’s AI Fever
artificial intelligence // February 12, 2025

Interest in artificial intelligence (AI) has reportedly led to a turnaround for China’s Alibaba. As Bloomberg News reported Wednesday (Feb. 12), the eCommerce conglomerate had virtually slunk into obscurity after a long regulatory crackdown in China. But in recent weeks, the report said, its stock has jumped 46%,...

Zelle Marks $1 Trillion Milestone as P2P Payment Use Jumps
Payment Methods // February 12, 2025

Last year appears to have been a landmark one for peer-to-peer (P2P) payment app Zelle. During 2024, American consumers and small businesses transmitted more than $1 trillion using the platform, the most money ever sent on a P2P service in a single year, the company announced Wednesday (Feb....

Interviews & Exclusives
Vehicle Transport Startup Targets Industry’s Service Reliability Problem

February 12, 2025
Getting from point A to point B is the name of the game for the vehicle transportation space. Ironically, however, that journey can be one frequently bogged down by inefficiencies and disconnects. For years, the industry has struggled with fragmentation, outdated logistics systems, and opaque pricing structures that have made moving vehicles a slow and […]

Zillennials Choose Access Over Car, Home Ownership

February 12, 2025
While their millennial peers may have been the first to embrace subscription services and gig economy jobs, zillennials (born between 1991-1999) are redefining ownership altogether. Unlike older generations, the idea...

82% of US Workforce Believes GenAI Boosts Productivity

February 12, 2025
Generative artificial intelligence (GenAI) is changing the way we work, and a new PYMNTS Intelligence report, “GenAI: A Generational Look At AI Usage And Attitudes,” reveals the complex and sometimes contradictory...

Sales Prospects Brighten as Small Businesses Find Life in Loyalty Programs

February 12, 2025
Thus far into 2025, the year has been an eventful one — to say the least. And the volatility of everything from tariffs (and possible supply chain turbulence) to persistent...

Quick Reads
Kroger Appoints PepsiCo Veteran David Kennerley as Incoming CFO

February 12, 2025
Kroger said Wednesday (Feb. 12) that PepsiCo veteran David Kennerley will join the company as senior vice president on March 10 and take on the additional role of chief financial officer (CFO) on April 3. Kennerley will succeed interim CFO Todd Foley, who will continue to serve in that role through the end of Kroger’s […]

Alibaba Reportedly Revitalized by China’s AI Fever

February 12, 2025
Interest in artificial intelligence (AI) has reportedly led to a turnaround for China’s Alibaba. As Bloomberg News reported Wednesday (Feb. 12), the eCommerce conglomerate had virtually slunk into obscurity after a long regulatory...

Zelle Marks $1 Trillion Milestone as P2P Payment Use Jumps

February 12, 2025
Last year appears to have been a landmark one for peer-to-peer (P2P) payment app Zelle. During 2024, American consumers and small businesses transmitted more than $1 trillion using the platform, the...

Corpay Introduces Multi-Currency Accounts to Help Businesses Manage Cross-Border Payments

February 12, 2025
Corporate payments company Corpay’s Cross-Border business has launched a new solution that enables companies to receive and pay out foreign currencies with an account in their name. The new Multi-Currency...