Banks Slash 60K Jobs as Dealmaking and IPOs Decline
Banks Slash 60K Jobs as Dealmaking and IPOs Decline
December 26, 2023  |  Banking

The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a...

READ MORE >
Binance Founder’s Fortune Ballooned by $25 Billion in 2023
Binance Founder’s Fortune Ballooned by $25 Billion in 2023
December 26, 2023  |  Cryptocurrency

Despite a turbulent year for his company, Binance’s founder is ending 2023 $25 billion richer. Changpeng “CZ” Zhao’s net worth is now an estimated $37 billion, putting...

READ MORE >
Holiday Online Retail Sales Jump 6.3% Amid ‘Deliberate’ Spending
Holiday Online Retail Sales Jump 6.3% Amid ‘Deliberate’ Spending
December 26, 2023  |  Retail

American consumers upped their holiday spending this year, doing a lot of that spending online. That’s according to preliminary results from Mastercard’s SpendingPulse released Tuesday (Dec....

READ MORE >
Infrastructure Vendors Were the Market Winners in AI’s First Year
Infrastructure Vendors Were the Market Winners in AI’s First Year
December 26, 2023  |  artificial intelligence

The first year of the generative artificial intelligence (AI) era is winding down. And what a year it has been. As difficult as it is...

READ MORE >
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
December 26, 2023  |  Artificial Intelligence

With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been...

READ MORE >
One in 7 US Middle-Market Companies Use Overdrafts as a Working Capital Solution
One in 7 US Middle-Market Companies Use Overdrafts as a Working Capital Solution
December 26, 2023  |  B2B Payments

Having access to some extra cash from your financial institution at certain points in your personal or professional life may be particularly helpful for individuals...

READ MORE >
LTK Says Everybody Wants to Become a Creator, but Is That a Good Thing?
LTK Says Everybody Wants to Become a Creator, but Is That a Good Thing?
December 26, 2023  |  Retail

The urge to play “creator” has spread like wildfire through our culture. People from all walks of life are itching to share their stories, skills...

READ MORE >
A PYMNTS Holiday Poem
A PYMNTS Holiday Poem
December 25, 2023  |  Opinion

To the tune of “White Christmas”    I’m dreaming of a frictionless transaction, With total instant payments satisfaction, Where digital wallets sync, And shoppers link,...

READ MORE >
Creating a White Christmas, Even When Mother Nature Plays Scrooge
Creating a White Christmas, Even When Mother Nature Plays Scrooge
December 23, 2023  |  Retail

Dreaming of a white Christmas this year? Sadly for those who are, it seems that most U.S. citizens won’t get their snow-filled wish. Before we...

READ MORE >