BILL plans to reduce its workforce by 30% by the end of the quarter as it sharpens its focus on artificial intelligence, BILL CEO and Founder René Lacerte said Thursday (May 7) during the company’s third fiscal quarter 2026 earnings call. Get the Full Story Complete the form to unlock...
Mercado Libre’s investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and financial income in the first quarter, the company said in a Thursday (May 7) earnings release. Get the Full Story Complete the form to unlock...
Affirm’s latest quarter earnings call landed at a revealing moment for consumer finance. The company plays at the intersection of two of the most important and most uncertain areas of the economy: consumer credit and private credit. Its buy now, pay later (BNPL) model depends on consumers continuing to spend...
Block’s first-quarter earnings report was the company’s first since its sweeping organizational restructuring and staff reductions earlier this year, and management used the call to highlight accelerating toward artificial intelligence-driven automation, embedded financial services and tighter connections between Cash App consumers and Square merchants. Get the Full Story Complete the...
Luxury resale used to be a secondary consideration. The numbers say it isn’t anymore. Nearly half of luxury consumers now factor resale value into primary market purchases. Almost 60% prefer the secondary market outright. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As crypto gained ground in both Washington and Wall Street over the past two years, Coinbase worked to position itself as the mature face of the crypto industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Federal Trade Commission (FTC) is warning consumers to beware of text messages that demand money for unpaid tolls as well as new online friends or love interests who suddenly ask for money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
