Feed Items
Amazon will have FedEx deliver large packages to the retailer’s customers for the first time in six years.
The companies reached a multiyear agreement that renews a relationship that ended in 2019, Bloomberg reported Monday (May 12).
The deal follows a January announcement by UPS that it will cut the number of packages it delivers for Amazon by half by the end of next year, according to the...
In today’s operating environment, adaptability is more than a competitive edge. It can mean the difference between survival and insolvency.
Bakkt Holdings, Inc., a once-diversified digital asset platform, is living that adage out in real time. The company is emerging from a period of recalibration, having lost some crucial banking partners this year, with a new focus, a new leadership team and a...
The average transaction price (ATP) of new vehicles increased by 2.5% in April, driven by a decline in sales incentives amid talk of tariffs, Cox Automotive’s Kelley Blue Book said Monday (May 12).
The company characterized the month-over-month rise in the new-vehicle ATP as “sharp,” saying in a press release that the typical increase seen in April is 1.1%.
In the past decade, the only April that...
Securities and Exchange Commission (SEC) Chairman Paul Atkins said Monday (May 12) that the commission must consider regulatory changes to accommodate on-chain securities and other crypto assets.
In a keynote address delivered at the Crypto Task Force Roundtable on Tokenization, Atkins said that rules and regulations designed for off-chain securities may stifle the growth of blockchain technology...
Stablecoins are entering the mainstream, two Deutsche Bank analysts wrote in a report provided to PYMNTS.
Despite the U.S. Senate blocking the GENIUS Act last week, progress toward landmark legislation is still expected this year, Deutsche Bank Managing Director — Macro Strategist, Thematic Research Marion Laboure and Analyst, Macro and Thematic Research Camilla Siazon wrote in the report.
In the...
Beyond the earnings season focus on consumer spending and consumer lending, the recent quarterly results from the likes of Block, Shopify and PayPal show that merchants are utilizing those same platforms to access capital in an uncertain environment in order to buy inventory and cover other operating costs.
In some cases, there is not much in the way of commentary on lending activity, but digging...
A House committee is reportedly trying to add language to President Donald Trump’s tax and spending bill that would prevent states from regulating artificial intelligence.
The House Energy and Commerce Committee drafted the bill and will debate it Tuesday (May 13), Bloomberg reported Monday (May 12), adding that the draft bill would place a 10-year moratorium on state regulation in the AI field....
Almost exactly a year after signing Colorado’s artificial intelligence regulations bill into law, Gov. Jared Polis and other government leaders are calling for a delay of the law’s implementation until January 2027.
“[It] is clear that more time is needed to continue important stakeholder work to ensure that Colorado’s artificial intelligence regulatory law is effective and implementable,” wrote...
Welcome to another edition of Washington Weekly, the series in which PYMNTS CEO Karen Webster and QED Investors partner Amias Gerety start their conversation with a Manic Monday check-in. The weekly question: How manic is this Monday?
Well, turns out this Monday — even if only for the moment — was somewhat magical. The freeze of China’s tariff rate at 30% has produced a sense of optimism in the...
Perplexity AI is reportedly in advanced talks to raise $500 million at a valuation of $14 billion, a figure that would be up from the $9 billion at which it was valued in November.
The potential leap in value comes at a time when Apple is considering adding the startup’s artificial intelligence (AI) search features to Apple’s browser, Safari, and when the Perplexity AI is planning to launch its...