News

Artificial Intelligence
Automotive Supplier Continental Adds Google Tech to Vehicle Dashboards
September 04, 2023

Continental is the latest car company to incorporate Google technology in its products. The partnership will see the auto supplier add Google Cloud services to its vehicle dashboard system, letting drivers ask the automobile for help, Reuters reported Monday (Sept. 4). The two companies demonstrated the technology at the IAA Mobility show...

Security & Fraud
Germany’s Banking Regulator BaFin Hit by Cyberattack
September 04, 2023

Germany’s banking regulator has reportedly closed off parts of its website following a cyberattack. BaFin took defensive measures following the attack Sept. 1, which restricted access to the website, Bloomberg reported Monday (Sept. 4). The organization was working to restore full access. The site appeared to be down...

Payment Methods
Lack of Rewards Don’t Deter Consumers From Using Bank Account to Pay
September 04, 2023

Reward programs have become a significant factor influencing consumer behavior, with many individuals opting for specific payment methods that allow them to earn points or rewards for online purchases and bill payments.  In the ‘New Payment Options: The Lure of Payment Method Rewards’ report, PYMNTS...

Retail
Tesla Leads the Pack in Fed EV Charging Funding
September 03, 2023

Tesla is reportedly leading its rivals in receiving federal grants for electric vehicle chargers. According to a Saturday (Sept. 2) report by the Wall Street Journal (WSJ), Elon Musk’s car company is installing chargers faster than other companies, and claims to do so at substantially...

Retail
Kroger’s Sushi Sales Blur Line Between Grocery Stores and Restaurants
September 03, 2023

Consumers prefer to pick up their restaurant meals, but where they purchase them is no longer as clear-cut.  Kroger has been crowned the nation’s top sushi seller, with consumers purchasing more than 40 million pieces from the grocery chain per year. The top title comes as Kroger...

Retail
Affordable Luxury Sales Gets Caught in Middle-Tier Crunch
September 03, 2023

Some brands continue to seek market share for shoppers seeking lower-priced luxury, even as competitive sales slow.  After decades of defining themselves through exclusivity and personalized services for a price, luxury brands have leaned into offering consumers luxury for less. Although some brands experimented with affordable luxury as far...

Retail
Car Industry ‘Winning’ as Vehicle Supplies Remain Low
September 03, 2023

The pandemic-era supply chain issues that hit the car industry may have abated. But that doesn’t mean things are back to normal, and — as Seeking Alpha noted in a report Sunday (Sept. 3) — that’s good news for the used car sector.  According to...

Regulation
Big Tech Escapes California’s Social Media Addiction Bill Again
September 03, 2023

A California bill proposing to hold platforms accountable for social media addiction has died in committee. As Bloomberg News reported Friday (Sept. 1), this marks the second year in a row the bill has failed to get past the committee amid heated opposition from big tech companies....

Retail
Chanel’s Diner: Where Customers Don’t Go for the Food
September 02, 2023

Chanel is opening a diner in Williamsburg, Brooklyn — but don’t expect the typical diner-esqe grubs — burgers and french fries, as it wouldn’t be on brand for the fashion house.   Instead, between Sept 8 and 10, guests will be seated in diner booths at...