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The mood of consumers improved for a second consecutive month in July, though it remains worse than it was in December, according to the latest installment of the University of Michigan’s Surveys of Consumers, released Friday (Aug. 1).
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The rise in July from June was measured at 1.6%, stepping up to 61.7 from 60.7, according to the report.
Consumer sentiment remains 17%...
The unemployment rate remained above 4% in July despite job gains made during the month, according to data released Friday (Aug. 1) by the Bureau of Labor Statistics (BLS).
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The unemployment rate stood at 4.2% in July, roughly stable versus the three months prior, the BLS said in a Friday press release.
July’s employment gains totaled 73,000 jobs, exceeding June’s...
As the U.S. reignites trade tensions with the rest of the world, corporate finance chiefs and product teams aren’t panicking. They’re planning.
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In contrast to the chaotic uncertainty of President Donald Trump’s past tariff flare-ups, executives now see a clearer, if potentially harsher, path forward. Data from an upcoming edition of the 2025 Certainty Project by PYMNTS...
Small and medium-sized businesses (SMBs) developing or using artificial intelligence (AI) systems must comply with the European Union’s AI Act, even if they are not based in or have a presence in the bloc.
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Experts say that due to the Act’s scope, many U.S.-based SMBs could be affected and should take steps now to evaluate their exposure. This includes using AI to...
Handwave has raised $4.2 million in a seed round to launch its palm-based authentication method across Europe and the United States.
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The company’s technology enables payments, age verification and loyalty programs to be done “with one wave of a hand,” according to its website.
“Using a combination of surface palm imaging and near-infrared vein mapping, Handwave creates...
Most chief financial officers (CFOs) say they understand the concept of agentic artificial intelligence — systems that can plan, reason and take actions with minimal or no human input — but few are ready to implement the technology.
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According to a July 2025 PYMNTS Intelligence report, nearly all CFOs polled were aware of agentic AI, yet only 15% expressed interest in...
In the sprawling universe of enterprise software, artificial intelligence (AI) can often be cast in extreme roles.
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Depending on the narrative, AI either propels companies into the future or threatens to displace the very humans who run them.
Yet in a corner of the enterprise often overlooked in the digital revolution, the finance back office, AI is making its mark in...
Consumer credit presents a challenge for financial institutions, as new research reveals revenue and customer relationships at stake when preferred payment methods become unavailable.
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The PYMNTS Intelligence report “What Consumers Do When Their Go-to Credit Choice Is Unavailable” examines how consumers manage expenses when their primary credit product is inaccessible....
Watch more: B2B Payments-as-a-Service Recasts AP as Revenue Generator, Uncertainty Navigator
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When times get tough, it can be tempting to view back-office functions like accounts payable (AP) as targets for cost-cutting.
But in today’s financial climate, marked by uncertainty, supply chain friction and digital fraud, that view is becoming obsolete. CFOs across industries...
You know that if a crypto company has a tough week amid the current cryptomania, that the FinTech IPO must have had a bad week as well. And that’s the case this week as the FinTech IPO index took a 5.4% tumble this week.
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The crypto company that had a tough week was DeFi Development Corp. Its stock price dropped 31.1% this week on what should have been positive news....