News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

(source: pymnts.com)

Amazon Marketplace Heads Into 25th Year and Takes Turn as Job Creator
Amazon Marketplace Heads Into 25th Year and Takes Turn as Job Creator
May 09, 2024  |  Amazon

In November 2000 the Nasdaq was at the 6,000 mark, just starting to shed the internet companies that had been overvalued and would eventually lead...

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Versatile Credit CEO Sees Steady Appetite for Consumer Financing
Versatile Credit CEO Sees Steady Appetite for Consumer Financing
May 09, 2024  |  Loans

Banks and corporates by and large showed cautious optimism regarding consumer spending during the first-quarter earnings season. Now, the operative question surrounds the use of...

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Digital Payments Help Construction Firms Overcome Manual Misery
Digital Payments Help Construction Firms Overcome Manual Misery
May 09, 2024  |  Digital Payments

The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and...

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Porch Reports Unique Data Improves Underwriting, Boosts Results
Porch Reports Unique Data Improves Underwriting, Boosts Results
May 08, 2024  |  Earnings

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....

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Robinhood Reports Return of Retail Traders, Surge in Crypto Trading
Robinhood Reports Return of Retail Traders, Surge in Crypto Trading
May 08, 2024  |  Earnings

Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue. Robinhood’s profit for the first quarter stood...

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Senator Marshall Presses for Credit Card Competition Act Vote
Senator Marshall Presses for Credit Card Competition Act Vote
May 08, 2024  |  Credit Cards

U.S. Sen. Roger Marshall, R-Kan., aims to secure a vote on the Credit Card Competition Act (CCCA) by adding it to the Federal Aviation Administration (FAA)...

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Fed Governor Lisa Cook Highlights Private Credit as Emerging Issue
Fed Governor Lisa Cook Highlights Private Credit as Emerging Issue
May 08, 2024  |  Banking

Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues. Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided...

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Airbnb Looks for Acceleration in Summer Travel but Guidance Disappoints  
Airbnb Looks for Acceleration in Summer Travel but Guidance Disappoints  
May 08, 2024  |  Earnings

Airbnb’s first quarter results showed growth in listings and in nights booked. And per management commentary on the conference call, demand for international travel remains robust —...

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Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
May 08, 2024  |  BNPL

Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though...

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