They’ve closed crypto-lender Signature Bank to protect depositors and restore public confidence.
The real cost of AI’s two-cent blog posts: The billions it costs to deploy generative AI at scale contrasts with cheap prices for end users that’s likely unsustainable long term.
The firm’s narrow escape from collapse shows startups versed in much-hyped banking tech aren’t guaranteed success.
A look at what Intuit’s up to: Credit Karma’s new Net Worth feature is a fleeting glimpse of a consumer finance empire in the making.
Wider-than-expected losses in 2022 drive Allbirds to revamp its growth strategy: The footwear retailer plans to focus on its core products and clientele, and slow brick-and-mortar expansion in favor of wholesale.
Ocado partners with The Trade Desk to capitalize on retail media demand: The move lets marketers apply insights from the grocer’s first-party data to improve targeting and attribution.
Meta’s new network could woo disaffected Twitter users: Alternative service in development would replicate the digital town square model.
More wealthy shoppers are signing up for Walmart+: The retailer has more than doubled its penetration among affluent households, but Amazon still has a resounding lead.
It’s working with homegrown wallet Lynk so customers can receive remittances, which will aid its digital push.
5G mobile service revenues will reach $310 billion globally this year, according to Juniper Research. In 2027, that figure will rise more than twofold to $625 billion, as the world upgrades from 3G and 4G.
Stitch Fix and Etsy feel the heat from SVB’s meltdown: While Etsy’s exposure is minimal, Stitch Fix’s loss of a $40 million credit line could hurt its turnaround strategy.
As brands seek ways to stretch their marketing budgets, advertisers may lean on automation to help them create more cost-efficient campaigns. Here are some best practices on creating and measuring Google Performance Max campaigns, including how to choose the right budget and bid strategy and the right variety of creative assets.
Quiet storm brews over reclassification of instream ads: Advertisers welcome clarity on what they’re buying, but publishers want to protect their revenues.
“We’re showing 20.5% growth for retail media ad spending this year, and 22.9% actually accelerating into next year,” said senior forecaster Ethan Cramer-Flood at our recent “Attention! Seizing the Retail Media Opportunity” summit. That stat assumes inflation will cool some in the second half of this year, which our forecasters currently predict it will.
GM can’t afford workers and EVs: It’s offering the bulk of its US salaried employees voluntary severance. We can expect inflation, high interest rates, and automation to weigh on industry jobs.
Yet another rapid grocery startup bites the dust: Food Rocket shut down less than a year after raising $25 million from Alimentation Couche-Tard.
The lipstick effect powers Ulta Beauty past $10 billion in revenues: Despite trade-downs elsewhere, consumers’ appetite for premium beauty brands continues to grow. (This article was written with the assistance of ChatGPT.)
On today's episode, we discuss what omnichannel healthcare should look like, how patients are using social media to find health information, and why physicians don't want to review their patients' wearable data. "In Other News," we talk about what will happen moving forward regarding patient health information being shared for advertising purposes and why Best Buy is teaming up with Atrium Health. Tune in to the discussion with our analysts Rajiv Leventhal and Lisa Phillips.