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Key insight: Truist Financial is no longer originating marine and recreational vehicle loans, and it has significantly reduced originations in other books, including indirect auto lending. What’s at stake: The remix, which comes ahead of a CEO transition, is Truist’s latest effort to improve profitability and efficiency. Forward look: Observers will be watching to see…
The Hyatt Centric Las Olas in Fort Lauderdale, Florida, isn’t within walking distance of the beach (unless you’re really determined). But don’t let that keep you from staying here. If you’re planning on spending time exploring the city, it’s hard to beat the hotel’s location and amenities, and the service is great. Located in the…
Listen to the audio version of this article (generated by AI). In the summer of 2019, when rows of unsold Model S and Model X sedans baked in the California sun, Wall Street thought Tesla (TSLA) was cooked. The company was running out of road and Tesla’s bears knew it. Margins were shrinking, as was…
Artificial intelligence may dominate boardroom discussions, but payments companies face a more basic challenge. They already possess enormous amounts of financial data. The harder task is turning that information into something finance teams can trust. That theme anchored the latest installment of the PYMNTS Summer School series, which featured Ben Catterall, global head of solutions…
SK Hynix rose 13% in its first day of trading on Nasdaq, closing at $168.01, as U.S. investors jumped at the opportunity to get a stake in South Korea’s second-most valuable company. The stock is trading under the ticker symbol SKHYV, and will switch to SKHY as of Tuesday. The stock opened at $170 and…
Perpetual decentralized exchange (DEX) Hyperliquid’s weekly trading volume in tokenized real-world assets (RWAs) exceeded that of all other asset categories combined for the first time. RWAs generated $25.1 billion in trading volume from July 13 to July 19, accounting for 52% of Hyperliquid’s total weekly volume of $48.2 billion, according to Blockworks data. “Hyperliquid’s RWA…