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View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Petco Rethinks Its Merchandise to Woo Pet Parents as Sales Dip
Petco Rethinks Its Merchandise to Woo Pet Parents as Sales Dip
May 22, 2024  |  Earnings

With sales continuing to slide, Petco is launching a three-pronged strategy to engage pet parents. The pet care and pet supply retailer released earnings Wednesday (May 22) showing net...

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Mark Zuckerberg Forms Advisory Council to Inform Meta’s AI Efforts
Mark Zuckerberg Forms Advisory Council to Inform Meta’s AI Efforts
May 22, 2024  |  Meta

Meta CEO Mark Zuckerberg has created a product advisory council to provide guidance on the company’s artificial intelligence (AI) and technology efforts. The new Meta Advisory Group will meet...

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Target: Consumers’ Splurges on Experiences Cut Into Discretionary Retail Budgets
Target: Consumers’ Splurges on Experiences Cut Into Discretionary Retail Budgets
May 22, 2024  |  Earnings

As consumers look to balance their desire to treat themselves with ongoing economic concerns, Target is seeing shoppers’ shift to discretionary spending on experiences negatively impact their budgets for nonessential...

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Microsoft and G42 Team on $1 Billion Kenya Data Center
Microsoft and G42 Team on $1 Billion Kenya Data Center
May 22, 2024  |  Technology

Microsoft and AI company G42 have teamed to build a $1 billion Kenya-based data center. The collaboration, according to a Wednesday (May 22) news release, marks the largest digital...

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The AI Arms Race Heats Up Ahead of Nvidia Earnings
The AI Arms Race Heats Up Ahead of Nvidia Earnings
May 22, 2024  |  News

Artificial intelligence (AI) is experiencing a gold rush, and Nvidia is at the center of it all. As the chip maker prepares to report its...

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As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
May 22, 2024  |  BNPL

The Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the agency’s back — has returned to rule-making. This...

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Will Walmart and Target Price Cuts Inspire Other Retailers?
Will Walmart and Target Price Cuts Inspire Other Retailers?
May 22, 2024  |  Retail

The past few days have seen two of America’s biggest retailers announce major price cuts. When Target this week said it was cutting prices on thousands of products,...

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Zilliant to Integrate AI Across Pricing Lifecycle Management Solutions
Zilliant to Integrate AI Across Pricing Lifecycle Management Solutions
May 22, 2024  |  B2B Payments

Zilliant said Wednesday (May 22) that it will integrate artificial intelligence (AI) across its pricing lifecycle management solutions. These integrations will help companies react more...

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Feds Cancel Student Debt for 160K New Borrowers
Feds Cancel Student Debt for 160K New Borrowers
May 22, 2024  |  Debt

The U.S. Department of Education is canceling student debt for another 160,000 borrowers. This latest cancellation, announced by the White House Wednesday (May 22), brings...

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