Category: Latest Articles

U.S. holiday shoppers have boosted Black Friday sales by 4.1% year-on-year, according to Mastercard SpendingPulse, though inflation-adjusted growth may be closer to 1%. Online sales rose 9.1% to $11.8bn, with Adobe Analytics citing steep discounts as a key driver. However, the data reveals a growing divide: higher-income consumers continue to spend, while low- and middle-income…

U.S. holiday shoppers have boosted Black Friday sales by 4.1% year-on-year, according to Mastercard SpendingPulse, though inflation-adjusted growth may be closer to 1%. Online sales rose 9.1% to $11.8bn, with Adobe Analytics citing steep discounts as a key driver. However, the data reveals a growing divide: higher-income consumers continue to spend, while low- and middle-income…

The world’s central banks are wary of artificial intelligence amid concern that AI-driven behavior could “accelerate future crises,” according to a survey by the Official Monetary and Financial Institutions Forum. “AI helps us see more, but decisions must remain with people,” one participant was quoted as saying in the report from a working group of…

PYMNTS reports that a regulatory push on bank leverage and capital rules could impact fintech-bank partnerships. The Federal Deposit Insurance Corp.’s November 25th board agenda details a proposed overhaul of the community leverage bank ratio and a final rule on enhanced supplementary leverage ratio and total loss-absorbing capacity standards for global systemically important banks.

Apple has cut dozens of jobs within its sales organization as part of a restructuring effort aimed at streamlining how it sells to businesses, schools, and government agencies. Employees were informed over recent weeks, though Apple didn’t disclose the exact number of roles eliminated. The cuts affected account managers, briefing center staff, and even longtime…