Digital transformation has upended the global remittance market, thereby pressuring consumer pricing, reshaping the competitive battlefield, and creating new playbooks for traditional money transfer operators.
On today's episode, we discuss what to make of Microsoft putting ads in its AI-powered Bing Chat platform, the biggest pitfalls of companies using generative AI, and publishers' concerns about AI chatbots cutting readership. "In Other News," we talk about how much retail media networks are actually boosting the US ad market and which car manufacturers are leading the US electric vehicle (EV) race. Tune in to the discussion with our analysts Gadjo Sevilla and Max Willens.
US consumers are increasingly turning to Walmart.com, YouTube, Instagram, and TikTok to start their online shopping searches, according to Jungle Scout. Amazon, search engines, and Facebook have lost share since Q1 2022.
UPS workers are prepared to strike if contract negotiations drag on: Union members are holding out for better pay and job protections.
Apple opens first stores in India amid broader push to grow local sales, production: The company is turning to the fast-growing market as it looks to reduce its reliance on China.
As investment capital dries up, Amazon aggregator Razor Group swoops in: The company is capitalizing on current market conditions to absorb competitors and drive greater consolidation in the aggregator space. (This article was written with the assistance of ChatGPT.)
CTV to continue strong US growth: Households using the format to more than double pay TV in 2024, aided by tech shifts.
Retailers and restaurants struggle to fill positions: Over 36% of companies said hiring has gotten harder over the past year.
Walmart to sell Bonobos as digitally native D2C brands lose their luster: WHP Global and Express will acquire the brand for $75 million to shore up the latter’s business.
“The lines between physical and digital experiences are becoming blurred, and businesses need to resource and cater to both adequately,” said Diana Haussling, vice president and general manager of consumer experience and growth at Colgate-Palmolive.
Higher-income consumers feel the pinch of soaring inflation: US retail sales growth slowed to 2.9% year-over-year in March as spending on big-ticket items slowed.
YouTube plans to roll out its affiliate program to all creators: TikTok is also testing a similar program as social commerce remains a crucial revenue opportunity.
The deal is a sign that Intel is serious about pivoting into the foundry business. Having Arm as a client could make Intel one of the most competitive foundries in the world.
The Meta-owned company's determination to overcome regulatory hurdles could signal bigger international ambitions