Business Spending

Bank of America CEO: Consumers, Businesses Pulling Back on Spending
Bank of America CEO: Consumers, Businesses Pulling Back on Spending
May 30, 2024  |  Economy

Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year. From hardware to software,...

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Business Spending Increases More Than Expected
Business Spending Increases More Than Expected
May 24, 2024  |  Business

New orders for manufactured durable goods increased by 0.7% in April. Orders increased by $1.9 billion to $284.1 billion during the month, the U.S. Census Bureau said in...

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How CFOs Can Seamlessly Navigate the Rise of Employee-Initiated Spend
How CFOs Can Seamlessly Navigate the Rise of Employee-Initiated Spend
August 02, 2023  |  Commercial Payments

The operating environment’s ongoing digital transformation has created an increasingly dynamic reality for organizations. One area where this impact can be seen is the new...

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Virtual Cards Let Firms Simplify and Control Their Business Spend
Virtual Cards Let Firms Simplify and Control Their Business Spend
July 19, 2023  |  Commercial Payments

Every workflow will eventually be disrupted — or digitized — over a long enough horizon. After all, nothing is perfect. Any process can be improved...

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How Generative AI Is Driving Spend Management Innovation
How Generative AI Is Driving Spend Management Innovation
March 09, 2023  |  artificial intelligence

The viral success of ChatGPT points to the huge potential of generative artificial intelligence (AI) tools to be a major game-changer for businesses. In the...

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Extend and Bank of the West Team on SMB Virtual Cards
Extend and Bank of the West Team on SMB Virtual Cards
November 15, 2022  |  SMBs

Virtual card and spend management platform Extend is now collaborating with Bank of the West to enable small to medium-sized businesses (SMBs) to add Extend’s capabilities to their existing...

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Equipment Order Slide Hints At Business Caution, Recession
Equipment Order Slide Hints At Business Caution, Recession
March 25, 2020  |  Economy

Looking at economic indicators – those signposts that show where we are, as a nation, and where we’re headed – February was tough. March and beyond...

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Business Banking Co Pleo Shifts To Credit Cards
Business Banking Co Pleo Shifts To Credit Cards
January 30, 2020  |  B2B Payments

Pleo, a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard, and will now offer company...

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Ex-Fed Chief Yellen Sees Slowdown In Biz Spending
Ex-Fed Chief Yellen Sees Slowdown In Biz Spending
January 15, 2019  |  Business

Former Federal Reserve Chair Janet Yellen says signs are pointing to a slowdown in business spending in 2019. “All the hard data that we have...

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