Productizing AI, diversifying businesses, and efficiency and consolidation could prepare the tech sector for a surge in profitability.
Loss of leadership and canceled game releases signal transitional upheaval. Smaller studios may benefit from the lull, but the sector faces increased headwinds.
Peacock soars past $1 billion in Q4 revenues: Subscriber base climbs to 31 million as losses shrink, indicating stron growth in a competitive market.
Strategic balance in turbulent times: Comcast navigates subscriber losses and advertising fluctuations, leveraging its diversified assets for a robust Q4 performance.
LVMH prioritizes brand desirability over rapid growth: The luxury conglomerate is focused on maintaining prestige—and pricing power—as demand moderates.
Microsoft's Bing and Edge escape EU's antitrust grip, yet AI upgrades fail to dent Google's search supremacy: Regulatory relief in Europe points to a sober market reality.
Nvidia-Equinix partnership threatens Big Tech’s AI domination: It could give companies ownership over their AI ambitions, potentially cutting reliance on major cloud providers.
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.