US consumers are cutting back on retail subscriptions as costs bite: That’s driving retailers to focus on subscriber retention over growth.
Last month, Meta said it would use generative AI in ad creation by the end of the year. Not long after, Google announced generative AI ad plans of its own in the form of tools that will “remix” ads based on client goals. Neither company has released details of what these AI updates will look like, but the changes are big news for advertisers, agencies, and everyone in between.
Future GM EVs won’t support Apple CarPlay or Android Auto, placing the burden of choice on consumers. Locking people out of their smartphone connections could backfire.
Tyson faces headwinds as beef, pork demand falls: The company posted a surprise loss in Q2 due to inflation, rising operating costs, and shifting consumer habits.
A nine-year contract serves as a litmus test for wider government, military, and enterprise adoption of Verizon’s mobile devices and connected networks and solutions.
Fubo stock surges 31% on strong earnings: Sports-focused live TV streaming service says it will be cash-flow positive by 2025.
Live Nation’s thrives amid scrutiny: Company reports record $3.1 billion Q1 revenue and 19.5 million event attendees.
YouTube is no longer separate from the streaming wars: Almost half of its viewership is on TVs, and advertisers are spending heavily on the platform.
Nike and adidas try to reverse market share losses in China: But geopolitical tensions could give homegrown brands Anta and Li Ning an insurmountable advantage.
Surging Cash App user growth helped drive a buoyant Q1 for Block despite recent short seller allegations.
Apple proves Bank of America wrong, sweetens markets with earnings: Friday’s earnings report helped brighten Wall Street’s outlook as Apple maintains a firm and steady approach amid Big Tech volatility.
Google engineer says nimble, open-source models could upend AI race: Models like LLaMa and Dolly 2.0 throw a market curveball, but OpenAI’s AGI ambition is the biggest threat.
There are pros and cons for this large competitive field, and no definitive answer on whether it causes financial instability.
Like other banks before it, PacWest is looking for ways to stay afloat as its stock price sinks.
For today’s bank failure: A deal that would have created a top-10 US bank goes under.
There’s a gap between consumer wishes and brand DEI efforts: Consumers are saying more than ever that brands should prioritize social issues and inclusion.
Paramount to shed “noncore” assets after tough earnings: Streaming losses widened, raising questions about whether it can survive the digital future.
Microsoft assures advertisers that AI won’t change the business: Early ad formats and channels mimic existing ones, but it’s far from a permanent solution.