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In the PYMNTS Intelligence “2024 Women’s Wellness Index,” a collaboration with CareCredit, we drew on survey insights with more than 10,000 U.S. consumers to develop a clearer picture of the many factors shaping women’s finances and their overall health and well-being.
For example, we found that women are 11% more likely than men to research aspects of health and wellness on their own and are 19...
When it comes to gambling, over a long enough time frame, the house always wins.
And that appears to be the case with daily fantasy sports contest and sports betting company DraftKings, which on Friday (May 3) reported that its revenue had grown 53% year-over-year in the first quarter of 2024.
“DraftKings’ performance in the first quarter of 2024 was outstanding, reflecting healthy revenue growth...
Online marketplaces are reportedly deploying artificial intelligence (AI) to deliver a personal shopper-like experience to their visitors.
EBay, Etsy and ThredUp are among the online marketplaces now leveraging AI technology to enhance the shopping experience for both buyers and sellers, the Wall Street Journal (WSJ) reported Friday (May 3).
With AI, they are seeking to enhance the shopper’s...
Sycamore Partners, a buyout equity firm that owns department store operator Belk, is reportedly among the firms interested in taking Nordstrom private.
The company is engaged in negotiations that are likely to take weeks, and there is no certainty that a deal will be reached, Reuters reported Friday (May 3).
Reached by PYMNTS, Sycamore Partners declined to comment on the report.
Nordstrom...
SVB Financial Group has entered into a definitive agreement to sell its investment platform business, SVB Capital.
The buyer is a newly created entity affiliated with Pinegrove Capital Partners and backed by Brookfield Asset Management and Sequoia Heritage, SVB Financial Group said in a Thursday (May 2) press release.
The agreement is subject to bankruptcy court approval, regulatory approval and...
At a time when every financial decision counts, many small to medium-sized businesses (SMBs) can at least take some comfort knowing there are a wide variety of borrowing tools available if needed.
Today’s entrepreneurs can choose from reward-earning credit cards; merchant loans; bank loans; buy now, pay later (BNPL) products; lines of credit and more.
But, according to “SMB Borrowing Dynamics:...
Coinbase, the largest U.S.-based cryptocurrency exchange, is ultimately a crypto story. And like all crypto stories, it has its downs — and its wild ups.
Coinbase reported earnings per share of $4.40 Thursday (May 2), compared to Wall Street expectations of $1.28, representing a 244.83% beat.
The crypto platform beat Wall Street revenue estimates as well, by a comparatively more modest 19.74%.
“...
A new study from the Federal Reserve indicates that it’s not income levels or ability to repay that drives banks’ willingness to extend credit.
Rather, the use of credit — the engagement — is a significant factor in determining when, and by how much, credit limits are increased.
In the paper, titled “Income and the CARD Act’s Ability-to-pay Rule in the US Credit Card Market,” the Boston Fed noted...
Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle.
This disclosure in a filing with the Securities and Exchange Commission (SEC) follows a similar statement by J.P. Morgan and comes amid scrutiny of Zelle’s peer-to-peer (P2P) payment network by both regulators and legislators, Bloomberg reported Friday (May 3).
Zelle did not...
As Amazon looks to close the gap with Walmart in grocery, both retail giants are seeing the opportunity to win over shoppers with their private-label brands.
Walmart announced Tuesday (April 30) the launch of bettergoods, its largest private-brand food rollout in two decades, promising low-priced, “chef-inspired” items ranging from chicken wings to nut butter.
“Today’s customers expect more from...