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When Walmart reports its fourth-quarter earnings results and guidance Thursday (Feb. 20), analysts will reportedly be looking for signs of the impact of new and potential tariffs.
The retailer known for its low prices is also the country’s largest importer of containerized goods, with many of those products coming from China and India, Reuters reported Wednesday (Feb. 19).
President Donald Trump...
Self-described “AI-powered workspace” Stacks says it is now $10 million richer.
The company, founded by Uber and Plaid veteran Albert Malikov, announced Wednesday (Feb. 19) that it had raised $3 million in a pre-seed round led by EQT Ventures, followed by a $7 million seed round led by General Catalyst.
The company says the funding will help Stacks advance its effort to let finance teams and...
X is reportedly in discussions to raise funds from investors at a $44 billion valuation.
That’s according to a report Wednesday (Feb. 19) from Bloomberg News, citing sources familiar with the matter. As the report notes, that figure is the same price owner Elon Musk paid for the social media platform — then called Twitter — in 2022.
The talks are still ongoing and the details could change, the...
The American consumer has been given a crash course in global trade over the last three weeks. On February 1, 2025, President Trump’s announcement of a 25% tariff on goods from Mexico and Canada — coupled with an additional 10% tariff on Chinese imports — sent ripples through the economy. The February 11 reinstatement of steel and aluminum tariffs only added to the complexity. And now, with the...
The U.S. Treasury Secretary says a new government cost-cutting effort has found $50 billion in savings.
Speaking to Fox News Tuesday (Feb. 18) evening, Scott Bessent said the work by the “Department of Government Efficiency” (DOGE), a group created by executive order last month, could ultimately lead to “several percent of GDP that we are saving.”
The secretary added that the public doesn’t “have...
Mastercard has begun rolling out a digitally connected credential that will allow consumers to pay with their choice of multiple payment options.
The new Mastercard One Credential can let consumers choose debit, installments, prepaid or credit, the company said in a Wednesday (Feb. 18) press release emailed to PYMNTS.
Users can set their payment preferences online or in an app, according to the...
The future of open banking seems unsettled. The Consumer Financial Protection Bureau’s rules governing data sharing and use among banks and FinTechs may — or may not — be rolled back.
Despite the regulatory uncertainty, pay by bank at retail, which uses open banking to enable direct payments between bank accounts, should see a wider embrace in the United States, Trustly Inc. founder and CEO...
In any technological — and especially payments-related — endeavor, there are several strategies a bank, B2B software provider or platform can employ: build the technology in-house; buy a firm that already has the functionality; or choose a white-label partner that allows the providers’ products and services to be rebranded as part of the providers’ own offerings.
The various strategies are...
Digital wallets have become the preferred choice for consumers worldwide as cross-border transactions change.
A PYMNTS Intelligence report, “Global Money Movement: How Digital Wallets Are Transforming Cross-Border Payments,” in collaboration with TerraPay, surveyed 2,601 consumers, 398 small business leaders and 80 financial institution (FI) employees in four countries to explore the trend of...
Small to medium-sized business (SMB) owners face a challenging landscape where larger, wealthier competitors dominate the economy.
According to a PYMNTS Intelligence report, “A Good Year: Why SMBs Grew More Confident In 2024,” SMBs are confident in their ability to survive and thrive. By focusing on new opportunities, SMBs can level the playing field with larger competitors and strengthen their...