Connected Economy

Connected Economy
Nacho Shack CEO: Digital Accessibility Helps Food Trucks Become Restaurants
July 10, 2023

As food trucks look to move into the brick-and-mortar space to lay the groundwork for future growth, omnichannel availability can help brands develop the followings they need to successfully make the shift. In an interview with PYMNTS, Damon Ebanks, founder and CEO of Nacho Shack, discussed how...

Connected Economy
CE 100 Index Sheds 1.1% as Affirm, Sezzle Losses Offset FIS Sizzle 
July 10, 2023

The CE 100 Index lost 1.1% in a shortened holiday week, with payments-focused names declining.   Only two segments gained ground through the four trading sessions that ended Friday, as the Shop vertical was up 1.5%. And in that segment, Vroom shares rallied 23.6%, though no...

Connected Economy
Connected Cars Promise US Drivers Convenience, Payments Efficiency This Holiday
July 04, 2023

According to estimates from the American Automobile Association (AAA), a record number of Americans — 43.2 million people — are expected to be traveling by car this July Fourth weekend. And as connected and autonomous vehicles gain in popularity, the greater is the chance that...

Connected Economy
Delta’s Optimism on Travel Spending Helps CE 100 Index Surge 3.3% 
July 02, 2023

June’s over, and thus far, two quarters in, the year’s been notably strong for the CE 100 Index. All indices were in the black, again, this past week, continuing a string of positive performances.  And it was the Move sector, this time around — with...

Connected Economy
Uber Leverages Platform to Cross-Sell Consumers on Food Delivery
June 26, 2023

Uber Eats may still be behind DoorDash when it comes to U.S. food delivery sales, but it has one key advantage when it comes to marketing to consumers — the rest of Uber’s platform. Take, for instance, one PYMNTS employee’s recent experience. After getting an...

Connected Economy
CE 100 Index Loses 2.8% as iRobot and AI Names Slide
June 26, 2023

Rumors of deal-making in the online grocery space were not enough to offset declines in shares tied to volatile sectors — including AI.  As a result, The CE 100 Index lost 2.82% last week, and only a single pillar gained ground, marked by the Shopping...

Connected Economy
US Taxpayers Backstopped Big Tech, VC Billions During SVB Collapse 
June 23, 2023

If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of the biggest bank failures in U.S. history, starting runs at other regional lenders. That’s why the Federal...

Connected Economy
PYMNTS Data Shows Gen Z’s Embrace of Credit — When They Can Get It  
June 20, 2023

Credit remains a lifeline for Generation Z — if they’ve got access to it in the first place. To that end, PYMNTS data shows that younger consumers, specifically those born at the end of the Millennium until about 12 years old, wield their cards in...

Connected Economy
Twitter Developing Video App for Smart TVs
June 18, 2023

Twitter’s plans include a video app for smart TVs. Owner Elon Musk said this Saturday (June 17) in response to a tweet that said: “We really need a Twitter video app for Smart TVs. I’m not watching an hourlong video on Twitter.” “It’s coming,” Musk said...