Greenwood runs up against limits for its vision: The US neobank, which caters to Black and Latino Americans, found it necessary to work with “white-controlled banks” for a partnership and investments.
LendInvest gets to £2B ($2.75B) AUM: In the strong UK alt-lender market, it reported having crossed the platform assets under management (AUM) level just 30 months after hitting £1B ($1.38B).
Inflation rose to 8.5% in March: While rising prices mean US consumers have a lot less buying power, that hasn’t stopped people from shopping online.
The battle for Kohl’s heats up: Hours after the retailer sent shareholders a letter arguing its board is prepared to oversee Kohl’s evolving strategy, another group bid for the retailer.
US spending on linear TV ads will peak this year at $68.35 billion, up from $65.66 billion in 2021. This figure will not surpass $68 billion again for the next four years, with TV ad spend dropping to $64.94 billion in 2026 as its share of total media ad spend decreases as well.
Target aims to gain a larger share of the lower-income market: The retailer plans to begin accepting Supplemental Nutrition Assistance Program (SNAP) benefits for online orders later this month.
In 2022, US meal-kit subscription services will deliver $7.63 billion in digital sales to make up 22.8% of the country’s subscription ecommerce sales. The meal-kit subscription market has seen slowing growth since mushrooming by 85.0% in 2020, though its 17.0% increase this year is healthy nonetheless.
Learn what exactly digital therapeutics are and how they will change the face of healthcare in the future. "In Other News," we examine the strength of United Healthcare's offerings and Google's new health services search feature. Tune in to the discussion with our analyst Rajiv Leventhal.
We detail why the new tech could help it gain ground on competitors like Apple.
Flood of solutions for drought-stricken US West: Tech is finding greener ways to save hydroelectric power and secure water supplies that circumvent burning fossil fuels or damaging the environment.
Target hopes the second time’s the charm for a thredUP resale partnership: Amid rising consumer interest in—and spending on—secondhand clothing, the big-box retailer re-enters the resale market.
Cooling consumer demand drives down Q1 PC sales: PC makers need to attract consumer and educational markets with compelling 2-in-1s, gaming PCs, and tablets in coming quarters.
Private space industry knows no bounds: The first private astronauts are now aboard the ISS busily trailblazing research. With NASA co-piloting, advances in space exploration are about to skyrocket.
Google Fi and other prepaid carriers can offer more-affordable 5G subscriptions using T-Mobile’s spectrum. Partnerships can drive down connectivity costs while ramping up 5G adoption.
Learn about why video ad measurement is entering a new era. "In Other News," we discuss what new ownership at Nielsen means and what to expect from programmatic display in 2022. Tune in to the discussion with our analyst Evelyn Mitchell.
Google continues to court consumers with a new visual shopping feature: The tech giant’s multisearch capability helps fend off competition from social media platforms by simplifying product discovery.
US teens are spending more, but their budget remains limited: Nike, Ulta, and Shein are among the cohort’s favorite retailers, per a new survey.
Small bank adds debit cards to its BaaS for crypto companies: BankProv said it’s partnering with Synctera, a fintech as a service platform, in a debit card BIN sponsorship program.