US adults will spend an average of 230.3 minutes per day on mobile in 2023, according to our forecast. While they will spend less time with connected TV (CTV), at 114.9 minutes per day, the gap between CTV and mobile is shrinking.
More cuts at Google part of a running theme: It ends Project Iris AR glasses and lays off workers at Waze. Google’s simplicity sprint is freeing up resources for AI dominance.
C-suite plans an AI-induced hiring spree: Workers are worried about AI, but bosses want to hire more because of the technology. Short-term workforce gains could shift to longer-term job losses.
iCloud prices surge internationally: Apple’s decision to raise storage prices sparks user dissatisfaction and calls for a strategic reevaluation.
Y Combinator embraces AI: Accelerator welcomes a new cohort—with 35% AI-focused startups—amid San Francisco’s thriving tech scene.
Despite inflation, US consumers are traveling this summer: While cutting back on goods such as luxury purchases, American are willing to shell out on European vacations.
Financially vulnerable and minority households are among those feeling the most pressure. Banks need to explore new overdraft policies.
Consumers with disabilities are often at a financial accessibility disadvantage. Just a few small changes can have a big impact on these customers.
Neobanks that one-up incumbents' savings rates stand to win new customers, especially Gen Zers.
A new fund share class lets customers donate revenues to diversity-focused charities, as the bank carefully navigates financial inclusion.
JPMorgan’s Max Neukricken discussed the importance of keeping up with payments innovation to ensure customer satisfaction
TikTok launches Creative Challenge: It’s a potential win-win for creators and brands seeking innovative advertising content.
Businesses want the same ease of consumer payments for business payments, Bank of America’s Alexandra Johnson said at Fintech Connect North America
Reddit’s protest reveals a fatal flaw: Despite the platform’s important utility, it’s failing to monetize effectively and is alienating users.
On today's special episode, we continue our monthly show where we discuss the biggest trends of the moment and the newest research, sprinkle in some analysis, and bundle it up into a quiz. Every month, three of our analysts representing their respective coverage area teams compete against each other. (We also encourage you to play along at home.) We’ll keep a running score all year and crown a winning team at the end of the year. Today, we cover Americans' sentiment toward AI, how much Netflix's password-sharing initiative will boost subscriber numbers, how retail media ad spending dollars are moving around, and more. Tune in to the discussion with this month's contestants: our analysts Sky Canaves and Evelyn Mitchell-Wolf and vice president of Briefings Stephanie Taglianetti.
Shein made an unforced error: Its attempt to improve its public image by inviting influencers to its 'innovation center' only drove more scrutiny as it pursues an IPO.
Walgreens Boots Alliance to close 450 stores as part of its latest cost-cutting measures: The pharmacy chain will shutter 300 locations in the UK and 150 in the US in a bid to shore up its expensive healthcare venture.
Ford lays off engineers: The shift to EVs is a heavy lift for traditional automakers who still need workers with the right skills. Corporate training programs might be necessary.
Some 22% of beauty retail sales worldwide will take place online this year, the most of any sales channel, per McKinsey. Physical specialty stores, such as Sephora and Ulta Beauty, will come in a close second (20%), while department stores will rank last (8%).