Anthropic trains 'Evil Claude,' exposing AI risks: The startup’s safety research points to potentially serious societal risks from current generative AI models, not just future ones.
Consumers took to the skies over the holidays: That helped American and Southwest Airlines soar past analysts’ expectations, but domestic demand is expected to moderate this year.
$5 billion in student debt forgiveness will impact more than 70,000 borrowers, opening up an opportunity for advising them on new financial strategies.
The firm’s total 2023 net charge-offs were in line with its 2023 outlook, and it expects improvement in the second half of the year
Criminals are taking advantage of P2P apps to steal consumers’ money, creating a need for more safety measures
This can improve conversion rates for online shopping and helps Citi compete against digital wallets like PayPal
TikTok trims workforce as growth slows: Layoffs reflect broader tech sector's pivot towards AI and efficiency.
FTC scrutinizes TurboTax over 'free' service advertising: Intuit faces legal backlash, highlighting the thin line between persuasive and deceptive marketing tactics.
eBay cuts 9% of its workforce as sales continue to fall: The retailer is struggling to find its niche as Amazon dominates marketplace sales.
Third-party grocery intermediaries lost share to grocer platforms in 2023, securing 15.2% of US digital grocery sales in Q4, down from 18.3% in Q1, according to December 2023 data from Incisiv and Wynshop.
The beauty and cosmetics sector brought in $94.36 billion in consumer spending last year, claiming the title of the fastest-growing retail category in the US, per our The US Beauty Consumer report. With most consumers planning to boost their beauty budgets in 2024, the sector’s defiance against cautious spending habits is set to continue, driven by the enduring “lipstick effect,” the rise of dupes and Chinese-associated ecommerce giants, and more.
CPG brands lean into innovation to fight churn: Price hikes by companies like Unilever and Kimberly-Clark drove shoppers to private labels. Now they need to develop new products to win customers back.
JCPenney’s beauty offering could be fueling its turnaround: The stickiness of the lipstick effect is helping lift the company even as more retailers expand their beauty assortments.
Disney and Charter Spectrum’s battle ushered in a new era: The linear TV provider is offering a ViX+ subscription months after a similar deal with Disney+.
By offering in-app purchases and bypassing Apple’s fees, the music streaming app leads the charge in dismantling the walled garden. Will other apps follow?
On today's podcast episode, in our "Retail Awards" segment, we discuss the retailers to watch out for in 2024 (superlatives edition). Find out which retailer will win most likely to need a makeover, most likely to reinvent itself, most likely to go viral, and more. Join our analyst Sara Lebow as she hosts analysts Arielle Feger and Zak Stambor.
Netflix rounds out its best quarter with a WWE rights deal: The streamer is still seeing strong subscription and revenue growth thanks to an ad-supported boom.
Ecommerce executives are bullish about 2024: That’s driving a significant share to aggressively invest in areas such as marketing, technology, and infrastructure upgrades, per a survey exclusively shared with Insider Intelligence.