Nov. Retail Sales Slump 0.6% on Weak Demand for Cars, Electronics, Furniture

Nov. Retail Sales Slump 0.6% on Weak Demand for Cars, Electronics, Furniture
Nov. Retail Sales Slump 0.6% on Weak Demand for Cars, Electronics, Furniture
December 15, 2022  |  Retail

Weak demand for big-ticket discretionary items led to the biggest retail sales decline in a year. According to the latest data from the Department of...

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Inflation Rate Eases but Cost of Food and Essentials Remains High
Inflation Rate Eases but Cost of Food and Essentials Remains High
December 15, 2022  |  Economy

The inflation rate may have peaked, but consumer sentiment remains low. The Bureau of Labor Statistics published November’s Consumer Price Index (CPI) Tuesday (Dec. 13)....

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Feds Shut Down Ring Offering DDoS Attack Services
Feds Shut Down Ring Offering DDoS Attack Services
December 15, 2022  |  Cybersecurity

Federal prosecutors have charged six men with waging a DDoS attack wave on websites worldwide. DDoS stands for “distributed denial-of-service,” or attacks that bombard targeted...

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Fast-Fashion Giant H&M’s Sales Reflect New Competition
Fast-Fashion Giant H&M’s Sales Reflect New Competition
December 15, 2022  |  Retail

H&M’s struggles continued this week with sales figures suggesting increased pressure from fast-fashion rivals. The Swedish retailer said Thursday (Dec. 15) that net sales for...

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Super App Grab Freezes Hiring and Salaries
Super App Grab Freezes Hiring and Salaries
December 15, 2022  |  Ridesharing

Singapore’s Grab Holdings wants to cut costs for its ridesharing app/food delivery service. A report Thursday (Dec. 15) by Reuters outlines the cost-cutting measures, which...

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International Money Transfer Firm Wise Launches New Savings Product
International Money Transfer Firm Wise Launches New Savings Product
December 15, 2022  |  Europe

International money transfer company Wise has launched a new savings product. Launched in the U.K. on Thursday (Dec. 15), the new “Interest” product lets Wise...

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An Insider on Why Banks Must Collaborate to Stay Ahead of Fraud
An Insider on Why Banks Must Collaborate to Stay Ahead of Fraud
December 15, 2022  |  Digital Identity

With a single fake identity, bad actors can wreak havoc by going from bank to bank and exploiting it for all they can get. In...

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Walmart App Lets Customers Shop Via Text
Walmart App Lets Customers Shop Via Text
December 15, 2022  |  News

A new Walmart app feature lets customers fulfill orders by texting the grocery giant. Unveiled Wednesday (Dec. 14), Walmart’s Text to Shop service is rolling...

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CFOs Seek Efficiencies in Costly and Complex Workers’ Compensation Plans
CFOs Seek Efficiencies in Costly and Complex Workers’ Compensation Plans
December 15, 2022  |  B2B Payments

As businesses look ahead with uncertainty, cost centers like workers’ compensation plans are under review. This, as CFOs are turning towards tech solutions that deliver...

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