JPMorgan, Citi, and Wells Fargo reported strong card spending in Q2, but inflation and recession fears made them pivot to a more defensive posture.
The ad industry braces for a rocky economy: The industry is anxiously watching consumer spending as purse strings tighten.
ByteDance looks to extend its app hits and take on a rival: TikTok’s owner launches recommendation app Kesong in the China market to challenge Tencent.
Instagram sweetens income opportunities for creators: New subscription features allow group chats and other interactions between creators and their fans.
Amazon uses inflation to drive home its value-priced focus: the company is using humor at a time when many brands are shying away from it.
On today's episode, we discuss why the new Wells Fargo credit card is significant and the short- and long-term challenges of credit card companies. "In Other News," we talk about what to make of the market value free fall of buy now, pay later giant Klarna and why Meta is ending the pilot for Novi, the company's digital wallet. Tune in to the discussion with our analysts David Morris and Jaime Toplin.
Supply chain issues have eased back from their pandemic peaks: But there are plenty of challenges ahead and slowing consumer demand could lead to a new issue: inventory pileups.
We unpack how Optum’s M&A streak contributed to its sky-high revenues—but economic downturn could mean higher premiums for customers.
Smart TVs are the most popular connected TV (CTV) device in the US, finding a home in 59% of households with these devices. Some 30% use Amazon Fire TV’s streaming sticks and boxes, while 28% use those of Roku.
The global effects of China’s economic slump: The world’s factory has been forced to cut down production for months. Tight government regulation has made investors cautious.
AI startups target corporate fear: Mounting recession anxiety is infusing accounting AI startups with cash. Long-term investor interest in AI applications will remain diverse, but startups may have to pivot.
3D-print your inner superhero: A Hasbro-Formlabs partnership delivers personalized 3D printed action figures. It could be a sign of a manufacturing revolution yielding an array of customizable consumer goods.
CPUs, storage, and Wi-Fi chips face price hike: Intel is warning that “inflationary pressures” will drive up prices this fall, indicating the end of a two-year boom period in semiconductors.