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.
Amazon is doing everything it can to keep growing: The retailer has a dizzying array of initiatives in the pipeline, from in-game merchandise shops to generative AI advertising tools to incentives for shoppers to retrieve orders in person.
Medical credit cards are misleading: They’re often advertised as interest-free, but a new report finds that’s rarely the case. Financially vulnerable patients need better support.
CEOs and their staff feel stressed, anxious: Digital health players will want to stay on top of the latest workplace mental health trends to edge into employers’ benefits packages.
There’s a reason they’re called chatbots: A survey of healthcare professionals shows attitudes on generative AI are more positive after seeing its responses to medical questions.
China is way ahead on the necessary guardrails to ensure adoption of the technology. Beijing hopes to lead global AI standardization.
Educators in Asia are increasingly exploring the metaverse for instructional purposes. This could lead to wider adoption and lay the foundation for future VR users.
Podcast ad spend is dispersing from the most popular shows: Advertisers looking to maximize effectiveness are putting budgets behind a larger range of content.
NFL looks to get younger viewers in its game: League enlists Gen Z influencers to capture Sunday Ticket signups, but it could be a hard sell.
News media make gains in trust: US poll puts The Weather Channel at No. 1 but shows differences across political persuasion.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss how Nike was able to create such a strong brand, how that brand has transcended generations, and how close its competitors are to catching up. Then in a brand-new segment, "Loyalty Point, Counter Point," we present arguments both in favor and against various questions related to Nike, like can it remain the need-to-have running shoe and has the company alienated its core customer? Join our analyst Sara Lebow as she hosts analyst Sky Canaves and director of Briefings Jeremy Goldman.
Bergdorf Goodman puts a high-touch spin on the circular economy: The retailer launches a five-step program that encourages customers to edit, repair, alter, resell or give away their luxury items. (This article was written with the assistance of ChatGPT.)
Will an IPO cause Reformation to change? The womenswear maker is eyeing an IPO, but doing so could put stress on its eco-friendly business model.