PYMNTS News

Mastercard CEO Sees No Sign of Consumer Spending Slowdown
Mastercard CEO Sees No Sign of Consumer Spending Slowdown
April 23, 2025  |  Mastercard

Mastercard CEO Michael Miebach said the payments giant is not seeing consumer spending slow down despite the consumer sentiment surveys indicating that people are worried...

READ MORE >
Discover Lowers Provision for Credit Losses Amid ‘Positive Credit Trends’
Discover Lowers Provision for Credit Losses Amid ‘Positive Credit Trends’
April 23, 2025  |  Credit Cards

Positive credit trends contributed to “solid first quarter financial performance” at Discover Financial Services, Discover Interim CEO and President Michael Shepherd said in a Wednesday...

READ MORE >
Tesla Eyes June Launch for Robotaxis Amid Decline in Sales
Tesla Eyes June Launch for Robotaxis Amid Decline in Sales
April 23, 2025  |  Transportation

Automotive manufacturer Tesla is reportedly rolling out trials of its ridesharing service, giving employees access, as it looks to expand that service later this year....

READ MORE >
Report: OpenAI Expects New Products to Drive Revenue to $125 Billion in 2029
Report: OpenAI Expects New Products to Drive Revenue to $125 Billion in 2029
April 23, 2025  |  artificial intelligence

OpenAI reportedly expects its revenue to reach $125 billion in 2029 and $174 billion in 2030 as it adds new products. The company expects its...

READ MORE >
Fed Survey Says Pervasive Uncertainty Hampers Companies’ Hiring and Growth Prospects
Fed Survey Says Pervasive Uncertainty Hampers Companies’ Hiring and Growth Prospects
April 23, 2025  |  Economy

Perhaps the best, or most positive, finding in the Federal Reserve’s latest qualitative survey of the economy and its prospects boils down to this: Economic...

READ MORE >
GM CEO on Tariffs and GM’s EV Future
GM CEO on Tariffs and GM’s EV Future
April 23, 2025  |  Transportation

General Motors is having “very productive” conversations with the Trump administration regarding the new 25% automotive tariffs, according to CEO Mary Barra. During a fireside...

READ MORE >
Google’s Chrome Worth $50 Billion, DuckDuckGo CEO Tells Court
Google’s Chrome Worth $50 Billion, DuckDuckGo CEO Tells Court
April 23, 2025  |  ANTITRUST

If Google were ordered to spin off Chrome, the browser could be sold for as much as $50 billion, DuckDuckGo CEO Gabriel Weinberg told a...

READ MORE >
EU Fines Apple and Meta for Digital Markets Act Violations
EU Fines Apple and Meta for Digital Markets Act Violations
April 23, 2025  |  Regulation

The European Commission fined Apple 500 million euros (about $566 million) and Meta 200 million euros (about $226 million) Wednesday (April 23), saying the companies...

READ MORE >
Cantor Fitzgerald, Tether, SoftBank Launch $3.6 Billion Bitcoin Investment Firm
Cantor Fitzgerald, Tether, SoftBank Launch $3.6 Billion Bitcoin Investment Firm
April 23, 2025  |  Cryptocurrency

Twenty One Capital, a new company formed by Cantor Fitzgerald, Tether Holdings SA, and SoftBank Group, is about to become one of the largest public...

READ MORE >