What went wrong at First Republic: The FDIC’s report includes a “mea culpa,” saying it could have been more aggressive in policing the bank’s risk management—but it’s still not sure that would’ve helped, as depositors yanked their money too quickly.
The pushback on proposed capital requirements escalates: Trade groups and bank executives have picked their battle over reforms proposed by US regulators—and they’ve come out swinging to defend their equity, profits, and stock prices.
The branch transformation moves from theory into practice: Our series on how banks and credit unions are rethinking branches concludes with a look at the environments that Capital One, JPMorgan Chase, Virgin Money, and others have created.
TikTok integrates Wikipedia snippets into search: A move towards broader search capabilities amidst rising competition with Google.
Generative AI and embedded finance popped up across a host of conversations—we give our take on how firms should approach these innovations.
Retail media ads are an important way to boost marketplace spend, but how brands go about advertising requires strategy. When setting up your retail media approach this holiday season, consider which products sell when, what kinds of ads drive conversions, and the importance of discovery in retail media.
Our forecast data reveals a mismatch between marketers who have been quick to transition to digital platforms, and consumers who are still spending time on traditional media like TV, newspapers, and radio. This year, 74.6% of all US ad spending will go toward digital media, while US adults will only spend 62.1% of their daily media time with digital, according to our forecast.
Seven in 10 Indians plan to spend more on Diwali this year: With their financial situations improved from last year, many are looking to splurge.
Furniture and home furnishing companies are struggling: Amazon and Target supplier Noble House filed for bankruptcy, Mitchell Gold + Bob Williams shuttered its doors, and RH sees more challenges ahead.
Amazon expands last-mile fulfillment capabilities in Mexico: The retailer’s ecommerce sales in the country will grow twice as fast as its US ecommerce business this year.
TikTok Shop became available across the US last week. The social video platform has a lot to gain in retail and ad revenues, but it risks facing the same challenges Meta has had with social commerce on Instagram—users' reluctance to actually complete purchases in app. But with sister app Douyin setting the blueprint for TikTok’s social commerce endeavors, the platform isn’t starting from scratch. Here’s a look at TikTok’s social commerce strategy and potential in five charts.
Temu overtook Target in US unique website visitors in January, but Walmart and Amazon remain on top (by a wide margin, in Amazon’s case), per Comscore Inc.
Flexport is in trouble: The logistics startup’s revenues fell 70% in the first half of 2023, while falling freight rates and growing competition from Amazon are weighing on its growth prospects.
On today's podcast episode, we discuss whether people will ever buy items they see in TV shows, if online ratings are broken, a relaunched Amazon Shipping trying to compete with UPS and FedEx, if CNN and sports can move the needle for streaming service Max, whether the continuing partnership between Target and Starbucks is boosting curbside pickup, where we got gas before gas stations, and more. Tune in to the discussion with our vice president of content Suzy Davidkhanian and analysts Blake Droesch and Paul Verna.
Big Tech’s shift to support products longer and enable right-to-repair is becoming more important than feature upgrades and innovation.
Generative AI is driving healthcare IT spending: Health execs are scrambling to develop AI strategies in 2023 and boost their IT budgets. Vendors that don’t have the right solutions will be replaced.
Consumers globally experience discrimination in healthcare: It’s causing them to lose faith in medical institutions. Providers and marketers must work to rebuild patient trust.
Non-physician medical visits are increasing: Nurse practitioners and physician assistants are performing more patient visits, mostly for low-acuity conditions. The US healthcare system is inching closer to team-based care.
Despite ongoing Hollywood writer strikes, HBO's "Real Time" will return: Maher's choice may set new industry norms, amid significant dissent.
Stability AI launches "Stable Audio," a music generator using textual prompts: The versatile technology reimagines sound creation and could be a glimpse into the near future.