Walmart, the nation’s largest private employer, is the latest company to make changes to its diversity, equity and inclusion initiatives under pressure from a conservative activist. The retail giant said it would not renew a racial equity center it created following the 2020 murder of George Floyd and it would no longer participate in an annual benchmark […]
Klarna says it is aiming to hire over 100 engineers by 2025 in Poland, tapping into a deep tech and AI talent pool. “Poland is Europe’s next tech powerhouse”, says Sebastian Siemiatkowski, co-founder and CEO of Klarna. “Warsaw’s exceptional engineering talent, thriving startup scene, and strategic location make it the perfect choice for our new […]
Accounting software provider Sage sees cloud-native sales hit £732m (US$915m) as investment in Gen AI attracts 8,000 new customers across global markets Sage Group, the UK-based provider of accounting and financial software for small businesses, has reported its cloud transformation and artificial intelligence strategy is delivering results. The company saw a 9% increase in underlying […]
Discover how Intuit Assist uses AI to streamline financial operations like invoicing and expense management for small businesses Imagine you’re a small business owner. Your day is packed with myriad tasks, from managing staff and sourcing products to marketing campaigns and customer service. Now, add to that the delicate balancing act of keeping an eye […]
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 […]
