FedEx’s Q1 earnings raise more questions than answers: The company blamed a global slowdown, overexpansion, and inflated operating costs for its poor quarter, despite posting record revenues a few months prior.
Digital developments and new players in the insurance space could result in a win for all if collaboration happens.
Senators want regulators to expand Regulation E to cover APP fraud, an industry-wide issue with no silver bullet.
Social commerce experienced two years of exceptional growth amid the pandemic, and while growth in the number of social buyers is slowing, the amount of social commerce sales is still rising rapidly, said our analyst Jasmine Enberg on a "Behind the Numbers" podcast.
Digital wallet usage is by far highest in China, where 45% of adults use the payment method daily, and an additional 41% do so at least once a week. By comparison, just 6% use digital wallets daily in the US.
EVs needn’t contribute to the energy crisis: Stanford researchers are concerned about EV charging draining the energy grid at night. But new charging technologies point to a less worrisome outcome.
Humana, CVS battle for Cano Health: We unpack why the two companies are going after primary care disruptor Cano, and posit which player might have the upper hand.
The ad industry is slowing down, but political spending isn’t: Advertising ahead of the elections is skyrocketing, despite 2022 not being a presidential election year.
Apple replaces Pepsi as the Super Bowl Halftime Show sponsor: As it goes back and forth on a $2.5 billion Sunday Night Football deal, Apple is stepping up to the pop culture plate.
Walmart’s holiday messaging focuses on convenience and value: The retailer introduces three new returns options and price rollbacks in key categories.
Fitbit’s last days: Google is requiring Fitbit customers to transition to Google accounts starting next year. This could solidify Google’s wearables ecosystem and increase market share but risks alienating Fitbit fans.
Learning is the new retention perk: A survey shows that learning opportunities incentivize younger workers to stay at their jobs. It shows how Big Tech could close the skills deficit.
Reducing the need to rely on third-party partners minimizes risk for Stash and creates value if it’s acquired.
The bank will instead focus on affluent customers in the region, narrowing its operations ahead of the impending economic downturn.
Retailers face the prospect of a lackluster holiday season: That’s caused Walmart to significantly cut back on holiday hires, while Target hopes its ecommerce strategy will lure deal-seeking shoppers.
They formed the Open Finance Association, a trade association for fintechs. We’re likely to see more fintechs unite globally as open finance grows.