Eurozone retail sales volumes fell 2.9% YoY in May: Inflation, along with high interest rates, caused consumers to pull back.
US employers added almost 500,000 jobs in June: The still-hot labor market is creating problems for retailers as customer and worker expectations remain high.
Google continues to lose ground to Amazon: Amazon is holding steady as shoppers’ search engine of choice for products, even as TikTok and other social platforms attract Gen Z consumers.
The Christmas Tree Shop is closing its doors. Overstock.com is becoming Bed Bath & Beyond. Party City went bankrupt and is closing stores. More than 50,000 stores that are open now may be closed by 2027, according to UBS. But what actually happens to retail spaces, brand identities, and competitors when a brand goes out of business?
US adults spend nearly 3 hours a day watching linear TV and nearly two hours watching connected TV, according to our forecast. Viewers are moving to CTV, and so are advertisers. Learn how to cash in on this seismic shift during our free webinar on July 12. Sign up here.
Our top 5 articles in H1 2023: Mobile health apps, social media, generative AI, and patient behaviors drew the most attention from our digital health audience.
Gen Zers in the US want their brands to support mental health more than any other cause, cited by 53% of those surveyed by ICSC and Big Village. Tied for second place are environmental causes, including climate change and sustainability, and racial and gender equity (47% each).
On today's episode, we discuss what lawmakers are most likely to tackle first when it comes to regulating AI, whether AI songs can win a Grammy, and what happens when AI eats up—and learns from—other AI-generated content. "In Other News," we talk about the newly announced features for Apple's Vision Pro AR headset and how this device could change the whole market. Tune in to the discussion with our analysts Jacob Bourne and Gadjo Sevilla.
Apple considering Mac that doubles as smart home monitor: Struggling PC sales are sending device designers back to the drawing board. Not all features will win over reluctant consumers.
Amazon cuts could come to its entertainment division: Billions in spending on unsuccessful shows has put Amazon Studios in the crosshairs.
TikTok wants a cut of #BookTok successes: ByteDance has launched a unit called 8th Note Press in a move that could disrupt publishing.
The RealReal is looking for cost savings: The online luxury reseller will begin charging sellers a fee for items they no longer wish to sell.
Google wants to build omniscient AIs with selective amnesia: It wants wide latitude for internet data harvesting and to stay on regulators’ good side at the same time.
Google’s quantum computer is 47 years faster than the top supercomputer: Budget cuts aren’t slowing Google’s quantum progress as it eyes dominion in the next hot tech race.
Though it generally makes managing finances easier, some customers need to maintain full control over their accounts.
In the US and abroad, more banks are scaling back on sustainability—much to the detriment of their future.
Instead of crumbling under a US student loan repayment pause, SoFi shifted its gears to banking. Now it’s about to become profitable.
Google Pay QR support in Brazil could spur growth globally: This could expand the wallet’s ambit for both consumers and merchants—and send a warning signal if it expands in developed markets, too.
Biometric tech adoption picks up momentum: A pending new patent on palm recognition will help AntGroup’s Alipay stay apace with rival WeChat Pay and advance global acceptance of the tech.
Diversity gives strength to FedNow’s initial roster: In advance of the much-anticipated instant payment service’s launch later this month, the Fed shared a list of certified early adopters.