PYMNTS-MonitorEdge-May-2024

construction

Cautious Consumers, Hurricane Spend Define Home Depot’s B2B-Focused Third Quarter
Cautious Consumers, Hurricane Spend Define Home Depot’s B2B-Focused Third Quarter
November 12, 2024  |  Earnings

The Home Depot’s focus on the professional market remains unwavering, even as U.S. consumers curb their home improvement splurges. That was the latest from the...

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Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
October 04, 2024  |  Economy

The United States economy added 254,000 jobs in September, exceeding economists’ expectations and potentially mitigating some recent concerns about job prospects among the paycheck-to-paycheck consumer...

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22% of US Small Businesses Struggle to Pay Bills Due to Cash Flow
22% of US Small Businesses Struggle to Pay Bills Due to Cash Flow
September 10, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) often find themselves in a constant struggle to manage cash flow, focusing more on survival than growth. Many SMBs use...

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Construction Spending Dips 0.3% in July Amid High Mortgage Rates
Construction Spending Dips 0.3% in July Amid High Mortgage Rates
September 03, 2024  |  Economy

Construction spending decreased by 0.3% in July after remaining unchanged in June. Spending totaled $2.163 billion in July, down from the revised June estimate of...

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Home Depot Looks for B2B Buffer Against Softening Consumer Spend
Home Depot Looks for B2B Buffer Against Softening Consumer Spend
August 13, 2024  |  Earnings

Home Depot currently gets around half of its sales from professional builders and contractors. According to the company’s executives on Tuesday’s (Aug. 13) second-quarter 2024...

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This Week in B2B: Capturing Real-Time Intelligence’s Competitive Edge
This Week in B2B: Capturing Real-Time Intelligence’s Competitive Edge
August 08, 2024  |  B2B Payments

B2B operations frequently require a greater level of sophistication than their B2C counterparts. Payments, especially, are typically larger and more complex transactions and must mesh...

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AI Lays Foundation for Construction’s Financial Transformation
AI Lays Foundation for Construction’s Financial Transformation
July 16, 2024  |  artificial intelligence

In the world of construction, where hammers meet spreadsheets, a new tool is emerging from the digital realm: artificial intelligence (AI). As builders grapple with...

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Procore Seeks FedRAMP Authorization for Construction Management Software
Procore Seeks FedRAMP Authorization for Construction Management Software
July 16, 2024  |  B2B Payments

Procore Technologies is working to authorize its construction management software with the Federal Risk and Authorization Management Program (FedRAMP). The company has prepared tools, processes...

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Adaptive Raises $19 Million to Scale Construction Industry Financial Platform
Adaptive Raises $19 Million to Scale Construction Industry Financial Platform
July 15, 2024  |  Investments

Adaptive raised $19 million in a Series A funding round to scale its artificial intelligence-powered financial platform for businesses in the construction industry. The platform...

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