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United Airlines Taps Tech Investments, Strategic Capacity Cuts to Weather Expected Travel Turbulence
Sometimes good things can come at surprising times. That was the case for United Airlines, which on Wednesday’s (April 16) first quarter 2025 earnings call posted its best first-quarter results in five years.
Despite headwinds from a persistently volatile macroeconomic environment, United Airlines was able to find relatively stable tailwinds due to earlier and ongoing investments in technology...
Onfly raised $40 million in a Series B funding round to support the expansion of its corporate travel and expense management platform into Mexico and other Latin American markets.
The company was founded in 2018 and is one of the five largest corporate travel management firms in Brazil, with its platform serving more than 2,000 companies, Onfly said in a Tuesday (April 15) press release.
In...
U.S. Bancorp’s first-quarter earnings results showed strong credit quality, as consumer card delinquencies slipped year over year even with the current state of macroeconomic uncertainty.
Management also pointed to the diversification of the bank’s revenue streams as a benefit in today’s operating environment, where U.S. Bancorp sees long-term potential in its payments-focused businesses and...
Corvic AI has raised $12 million in seed funding and unveiled its artificial intelligence (AI) cognitive infrastructure that transforms raw proprietary enterprise data into actionable intelligence.
This solution is designed to overcome the challenges enterprises face when they try to generate reliable results by providing large language models (LLMs) with fragmented data from unstructured reports...
The Trump administration’s on-again, off-again tariff policy is creating a wave of uncertainty that is reverberating across the AI industry — and its consequences could be felt for years to come.
First, the good news: Tariffs affect physical goods rather than digital goods and services, including intellectual property (IP) such as artificial intelligence (AI) software and inventions, Google Brain...
HBX Group is set to start rolling out a B2B payments platform designed for the travel industry.
The company, which operates a B2B travel technology marketplace and has a presence in 170 countries, said in a Tuesday (April 15) press release that it will launch the new HBX Group eWallet in Spain this month and then start expanding it to Organization for Economic Cooperation and Development (OECD)...
As earnings season kicked off last week, JPMorgan’s CFO Jeremy Barnum said on the conference call with analysts that consumers had been front-loading their spending ahead of anticipated price increases from tariffs.
That scramble to buy goods showed up in the latest data on retails sales for March, capturing a surge that notched the highest month-on-month gain seen in two years.
The headline...
California is set to become the first state to sue President Donald Trump over his tariffs.
Gov. Gavin Newsom announced Wednesday (April 16) that the state — the fifth largest economy in the world — would file suit against the president over the new levies.
“No state will be impacted more than the state of California as it relates to the unilateral authority that’s been asserted by the Trump...
Commerce Bancshares continued growing its wealth management business in the first quarter, after announcing two quarters earlier that it was targeting that business.
The trust fees portion of the wealth management business increased 11% year over year, driven by higher private client fees, the regional bank holding company and parent company of Commerce Bank said in a Wednesday (April 16)...
In times of uncertainty, cash flow isn’t just king; it can be the entire royal court.
For decades, payments have been the underappreciated plumbing of commerce, something viewed as essential but rarely strategic. Today, that paradigm has shifted dramatically. Against a backdrop where economic volatility has become the norm rather than the exception, “all-weather” businesses are increasingly seen...