Smaller US banks will need to plump up liquidity cushions and create plans to combat runs on deposits.
It partnered with Goldman Sachs to offer 4.15% APY. With consumers switching accounts faster than ever, Big Tech could be a real threat to the financial sector.
The JROC—responsible for rolling out open banking in the country—released the next phase of its plan as industry leaders warn of the dangers of complacency.
Network International is mulling a $2.6B acquisition bid, which reflects the widespread payments digitization in the region.
What Google’s rumored AI search engine means for digital advertising: Internal documents show that ad placements are top-of-mind as Google plunges into AI.
Netflix pilloried as livestream fails: “Love is Blind” reunion glitch is a bad look for goal to leverage live events to keep platform sticky.
In most countries, TikTok bans are currently limited to government devices. But global and international marketers who rely on TikTok need to be ready to pivot their strategies in case a broader US ban causes a ripple effect in other markets.
Consumers flex their financial muscles: Retail sales in Q1 grew 5.8% YoY and online sales rose 8.6%.
Lululemon looks to sell Mirror after just three years: After purchasing the connected fitness brand in 2020, lululemon is pivoting to an app-based fitness model it rebranded as Lululemon Studio.
Despite bankruptcy rumors, Carvana will be the fastest-growing retail ecommerce company in the US both this year and next year, according to our forecast. In second place this year is Chewy, signaling the strength of category-focused retailers.
Wedding demand is returning to prepandemic levels: But that won’t be enough to save David’s Bridal, even as jeweler Signet prepares for a wave of engagements.
“Over 50% [of users] say they view Pinterest as a place to shop,” said Pinterest CEO Bill Ready. “Yet we haven’t made it easy for them to shop historically, as shoppable content was not integrated into core experiences.”
Marketers are on the prowl for the next big social media platform. They’re eyeing names like BeReal, Lemon8, and Zigazoo, but so far, no platform has gained users the way TikTok did. “Understanding why certain apps surge and why some ultimately fizzle is vital to keep up with changing social user trends and behaviors,” said our analyst Jasmine Enberg. We took a closer look at what marketers are watching.
China still has some clout as the biggest chip market in the world, and the restrictions could spur competition and growth in domestic semiconductor production.
Physical therapy enters the metaverse: XRHealth acquired Amelia Health to treat both physical and mental health with extended reality. But AR/VR use is growing slowly in the US, and the metaverse is still a novelty.
Caregility offers a la carte AI solutions: Cash-strapped providers can choose the features they need while working around workforce and patient safety concerns.
Generative AI comes to EHRs: Microsoft’s strong AI position could bring the company more healthcare cloud customers since its integrated AI tech with Epic can only be accessed on Azure.
Citing security concerns, the bill now goes to Gov. Greg Gianforte, who banned TikTok on state-owned devices. TikTok is pushing back, but other states could accelerate all-out bans.