Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January. Export growth will accelerate to 7% in the final three months from the same period last year, according to the median forecast of analysts […]
WASHINGTON — Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able […]
TikTok CEO Shou Chew has been seeking out Elon Musk’s advice about President-elect Trump’s approaching second term, according to a report. Musk endorsed Trump last summer and has been close with the president-elect since, even staying at Mar-a-Lago after the election and joining him on calls with leaders like Ukrainian President Volodymyr Zelenskyy. Chew has […]
Social media start-up Bluesky is exploding as academics, journalist, and left-leaning politicians abandon Elon Musk’s X in search of bluer skies. Now, the platform has surpassed Meta’s Threads in user numbers, yet Threads still leads in app usage. According to data from Similarweb, app and website usage of Bluesky in the United States rose more than 500 percent following President-elect Donald […]
US-based credit union Spero Financial has deployed a new digital banking solution from Lumin Digital, cloud-based digital banking provider. This move is aimed at delivering an improved banking experience for its over 50,000 members through advanced digital services. For more than two decades, Spero partnered with a legacy banking provider, but the adoption of Lumin’s […]
J.P. Morgan’s digital-only bank Chase UK has reportedly introduced its first credit card. The move comes after the banking giant’s British venture took in upwards of £20 billion in deposits in three years, the Financial Times (FT) reported Tuesday (Nov. 19). The card is being rolled out to a pool of 25,000 British customers, the […]
PYMNTS Intelligence’s long-standing chronicling of the paycheck-to-paycheck economy has revealed shifts in how consumers conduct their daily financial lives and pay. Given that the paycheck-to-paycheck designation blankets roughly two-thirds of consumers, the changes have been widespread. Households continue to embrace digital, specifically mobile, channels for banking and account access, and they use buy now, pay later (BNPL) options as they […]
Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said. The new rule finalized on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while […]
Amazon.com (AMZN.O), opens new tab pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative artificial intelligence technology. This doubles Amazon’s investment in the firm known for its GenAI chatbot Claude, but it remains a minority investor, the startup said on Friday. […]
McDonald’s is hoping a new value menu will win back customers who have been put off by its higher prices. On Friday, the fast-food chain unveiled the “McValue” menu, a new, budget-friendly category that will roll out at US restaurants on January 7, 2025. The popular $5 meal deal, unveiled earlier this year, will be […]
American Airlines has a new tactic for shaming boarding line cutters: A loud beeper. CNBC reports that the airline is rolling out a system that emits two loud beeps when a traveler tries to get on an airplane before their boarding group is called. As of Wednesday, the new tech was in over 100 airports […]
Global crypto payments company MoonPay has launched a new payment solution to offer the convenience of fiat balances to the decentralised crypto ecosystem. Through the new solution, MoonPay Balance, the crypto payments fintech aims to offer users a new way to transact. Users can top up their MoonPay Balance to complete purchases quickly and cost-effectively, […]
