The K-Shaped Consumer Isn’t Spending Less. They’re Getting Pickier

Higher prices are forcing shoppers to make tougher choices, and the brands that survive are the ones that clearly define the problem they solve.

Higher prices are forcing shoppers to make tougher choices, and the brands that survive are the ones that clearly define the problem they solve.
Yuno raised $45 million in a Series B funding round to scale its artificial intelligence (AI)-native operating system of global payments and financial services for enterprise merchants, banks and wallets, the company said in a Wednesday (Aug. 12) press release. Yuno’s platform connects businesses through a single application programming interface (API) to more than 1,000…
A lender underwrites a borrower on the strength of a financial picture that starts aging the moment the loan closes. It’s then when things move. The borrower pays down a card. Picks up an obligation the lender can’t see. Improves enough to qualify for cheaper money somewhere else. Cancels autopay. Every one of those is…
Is there a market for people to make payments from their phone—even if it’s not a smartphone and there is no Internet connection? The India-based fintech PhonePe is exploring that notion through the introduction of UPI 123Pay, a service that enables Unified Payments Interface (UPI) transactions for users without an Internet connection. UPI is the…
The broader US stock indices are getting hammered, with the tech-heavy Nasdaq Composite and Nasdaq 100 taking the biggest hits. The S&P 500 has broken below its 100-day moving average and its September low, while both Nasdaq indices have fallen through their 200-day moving averages. Those broken levels now give traders upside barometers to judge…
France’s President Emmanuel Macron speaks to members of the media on the day of the 9th Annual One Planet Sovereign Wealth Funds (OPSWF) Summit in Lusail on October 21, 2026. Benoit Tessier | Afp | Getty Images French President Emmanuel Macron has criticized “unacceptable” and “stupid” comments made by foreign leaders and others after the…
The US Securities and Exchange Commission is preparing to take “responsibility” of the Consolidated Audit Trail, the massive database of trade information used to identify bad actors in US financial markets. On Monday last week, SEC chairman Paul Atkins laid out his plans for the Cat’s future in a letter to Robert Walley, the chair…