Despite Walmart’s better-than-expected earnings results, Reuters reported earlier this week that the mega-retailer is asking 16,000 pharmacists nationwide to voluntarily cut hours in an effort to conserve margins. According to the article, possible offers range from reducing an 80-hour two-week work period to 64 or...
Summer’s fading, August ends, and only a few earnings reports marked the headlines this past week for the FinTech IPO Index. But two were enough to mark some outsized gains — double-digit rallies — that wound up propelling the FinTech IPO Index 6.4% higher through...
New York-based eCommerce company Benitago has reportedly filed for bankruptcy. The firm is seeking protection from creditors two years after raising $325 million in funding, The Wall Street Journal (WSJ) reported Thursday (Aug. 31). It listed both assets and liabilities of between $50 million and $100 million. Benitago did...
Whitney Wolfe Herd, the founder and CEO of dating app Bumble, said artificial intelligence (AI) has the potential to transform the dating landscape and address the loneliness epidemic in America. Many single adults in the United States struggle with dating due to a lack of flirting...
This week in grocery, Weis Markets and The Fresh Market leverage contextual commerce to drive loyalty and engagement, Dollar General looks to expand its produce selection, and Target expands its private-label food selection. Weis Markets, a grocery chain with nearly 200 East Coast locations, is...
China has reportedly given regulatory approval for some tech companies to release their artificial intelligence (AI) chatbots to the public. Among the companies that did so Thursday (Aug. 31) are ByteDance and Baidu, the Financial Times (FT) reported Thursday. ByteDance, known for its social media platform TikTok, launched its Doubao AI...
While other retailers are focusing on going smaller and leaner, Dollar General is looking to go bigger. “I am very, very pleased with the new store returns we’re seeing, also the pipeline that we have. And our format innovation really is what’s allowed us to...
Vic.ai has added Vic.ai Payments to its artificial intelligence (AI) autonomous finance platform. This new feature, which is now available to all U.S. customers, aims to provide an end-to-end solution for accounts payable (AP) teams, streamlining the payment process and revolutionizing the way businesses handle their invoices, the...
Microsoft has announced plans to unbundle its Teams software from its Office suite in Europe in response to concerns raised in an antitrust investigation by the European Union (EU), The Wall Street Journal reported on Thursday (Aug. 31). The move will see the software giant offering business...
