Retail sales around the world falter as consumers lose confidence: Slowing sales growth in the UK and contractions in China are adding to retailers’ woes.
The boom era of rapid grocery delivery is over: Gopuff and DoorDash are taking a more cautious approach to growth as investors cool off.
The latest wealth-builder—used EVs: Expensive fuel and slow vehicle production have triggered a stampede for used hybrids and EVs, sending prices skyrocketing. Without better batteries, prices will continue to soar.
Most US adults want cheaper VR tech before entering the metaverse. We detail how the price barrier and other problems will impede digital health companies’ metaverse strategies.
Amazon’s IMDb TV rebrands to Freevee as ad-supported video gains fans: Name change will highlight the service’s value and may help it better compete with Hulu.
Meta’s risky move to grow its metaverse: The metaverse was conceived as an escape from mobile apps and PCs, but Meta is now risking it all by pushing the web and mobile version of Horizon Worlds. Why?
Meta has to do more with the metaverse than move beyond VR: Its social game Horizon Worlds is coming to phones and browsers, where Fortnite and Roblox reign supreme.
YouTube’s MLB deal is a reminder of its streaming power: A whirlwind of streaming news has mostly left YouTube out of the picture, but its dominance can’t be ignored.
Fast Retailing’s apolitical stance pays off—for now: The Uniqlo parent reported record profits but struggled in China, which is its largest market.
Under investor pressure, Peloton overhauls its business model: The connected fitness company is slashing equipment costs while betting that loyal subscribers will stomach price increases.
Thermal batteries to the grid’s rescue: MIT and NREL scientists made a major breakthrough in efficiently converting heat into electricity. The days are numbered for a grid relying on fossil fuels.
Telecom equipment facing supply scarcity, price increases: COVID closures in China, inflation, and supply chain hiccups mean ongoing uncertainty and likely delays for broadband and wireless projects waiting on materials.
NFT sales plunge more than 50% from early January: The softening market is in line with a monthslong sell-off in cryptocurrencies.
Amazon flexes its market power with seller surcharges, anti-union stance: Despite rapid growth during the pandemic, the ecommerce giant is passing fuel and inflation costs onto its sellers while resisting calls to improve working conditions.
JPMorgan, Citi, and Wells Fargo reported double-digit card volume growth—here’s what to watch out for in the months ahead.