Paper is still integral for the money flow: Two studies highlight the need for banking players—particularly neobanks—to continue supporting access to cash and paper checks.
Truck drivers aren’t going to take it anymore: Transportation workers are the latest group to agitate for higher pay and relief from high fuel prices.
Goldman trade marks milestone for crypto derivatives: The banking giant’s inaugural over-the-counter (OTC) crypto options trade is the latest sign of crypto derivatives’ coming of age.
Capital One already issues the private-label Kohl’s Card and will pilot a co-brand program in early 2023.
As consumer privacy concerns increase, so do asking prices for firms that enable first-party data-based targeting: That’s why TripleLift is acquiring 1plusX for $150 million.
Nike is entering a new phase of its D2C strategy: The company has cut its wholesale accounts in North America by more than 50% over the past four years.
The percentage of US adults who lacked savings to cover a full month of basic expenses rose to 29.0% in January, up from an already high 22.3% the previous month. This figure had hovered above one-fifth since June 2021, when states began terminating the expanded federal unemployment benefits that had helped many weather the pandemic.
A giant leap for robot-run factories: Ford’s new technology lets robots operate 3D printers making auto parts, boosting production 24x7 while human workers stay home—perhaps permanently.
GM raises its stake in Cruise autonomous service for possible spin off: Buying out SoftBank’s equity ownership in AV startup Cruise gives GM more latitude to take the company or structure it as a separate ride-hailing company
Auto and parts and food and beverage will be the fastest-growing ecommerce categories; both will see double-digit growth but from a relatively small base.
Alcohol ecommerce sales are growing, but shoppers are fickle: Instacart is the top alcohol ecommerce retailer for now, but lack of customer loyalty makes its position tenuous.
DC’s attorney general puts Grubhub’s practices under the microscope: He filed a suit that accuses the company of charging hidden fees and using deceptive marketing tactics during the pandemic.
Boots inches closer to a sale as it seeks to reinvent itself: Amid a changing retail landscape, the pharmacy chain hopes new ownership will help it shake off its pandemic blues.
As Fresenius Health Partners, Cricket Health, and Interwell Health merge to curb kidney care costs, we detail how interoperability will be a physician barrier.