US inflation dropped below 5% in April for the first time in two years: Falling grocery prices and easing services inflation gave consumers some much needed price relief.
TikTok delays US launch of TikTok Shop: The platform is struggling to onboard merchants as the threat of a ban looms.
Amazon to grow warehouse footprint, headcount in Europe: The retailer is seeking to stem persistent losses while tapping into growing demand. (This article was written with the assistance of ChatGPT.)
LinkedIn leads in news trustworthiness among social players: Platforms with lower info reliability scores could suffer from lower time spent, which affects ad revenues.
How long will the writers strike go on? Countless high-budget productions have stopped in their tracks, but the fight could go on for months.
Is Google reversing its tone with publishers? A $100 million deal with The New York Times is good news for the newspaper but doesn’t affect other publishers.
Last year, Overstock.com streamlined its business and focused solely on home furnishings and furniture. To court a more targeted audience, Overstock leaned on its first-party data to develop more personalized ad campaigns and employed brand ambassadors to showcase the company's ability to provide consumers with high-quality products at a reasonable price. We spoke with Angela Hsu, Overstock’s CMO, ahead of her session at CommerceNext in June.
The yearly developers’ conference could see AI announcements overshadowing Android, Google Nest, and hardware releases.
Tech a focal point for millions of jobs lost in next four years: AI, renewable energy, and economic upheaval are likely to shrink the global job market. Society plays catchup on disruption.
Pearson and Chegg show how AI is pressuring industries and their leaders to reveal AI strategies, regardless of their readiness to implement them.
LinkedIn’s global job cuts might be based on an overly simplistic market analysis: Layoffs in anticipation of a diminished job market misses the coming disruption-induced demand for LinkedIn’s services.
The partnership is part of the BNPL provider’s operational overhaul and pivot to a fully white-label strategy
The insurer’s plan to break HSBC up failed during the bank’s annual general meeting.
Unrealized losses in banks’ bond portfolios and fears of more banking turmoil give shadow banks a chance to make a risky buck.
More than 40% of consumers said they only interact with their banks digitally, and they plan to engage with even more features.
This partnership opens up the CBDC to higher-value payments and follows many other initiatives to expand uptake
Acquiring Focus POS will help grow its share of the restaurant POS market
Google and Meta’s combined share of the US digital ad market dropped below 50% in 2022, and in just a few years that figure will be down to 43.0%. The triopoly is losing share now, as well; Amazon’s ascent will not be fast enough to offset the weakness of the other two giants.
Nearly two-thirds (65.8%) of US consumers said that a company being transparent about how they plan to use personal data would help that company gain their trust, per Razorfish. Over half (55.1%) said a company would be more likely to gain their trust if it didn’t unnecessarily collect personal data. Their satisfaction with a company’s product or service had less of an impact, with 49.1% saying it would earn their trust.
Tempur Sealy turns to a major acquisition to boost sales: It plans to buy Mattress Firm in a major deal that would combine the bedding industry’s top manufacturer and retailer.