New York State’s one-year moratorium on construction of new data centers, announced Tuesday (July 14) by Gov. Kathy Hochul, could prove a turning point for U.S. development of the facilities, according to an analysis by Foley & Lardner. President Donald Trump wants to stop it...
U.S. consumers kept spending in June, but the mix shows why Walmart and Amazon are leaning harder into price as the back-to-school season begins. The Commerce Department’s June retail sales report showed sales rising 0.2% from May to $768.6 billion and 6.7% from a year earlier. A...
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In June, retail sales continued to grow, but the composition of that growth saw consumers making more deliberate choices about where their money goes. Households continued to spend where purchases were difficult to postpone, while many discretionary categories struggled to gain traction. For merchants, banks...
Chinese artificial intelligence startup Moonshot is reportedly preparing to launch Kimi K3, an open-weight model expected to rival Anthropic’s flagship systems while costing a fraction as much to run. It could mark the company’s boldest challenge yet to U.S. AI leadership. Get the Full Story...
Uber Eats has continued its expansion into deliveries of goods beyond meals by forming partnerships with gaming retailer GameStop and three footwear, apparel and accessories retail brands affiliated with Foot Locker. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Anthropic is arranging credit lines worth billions of dollars, adding to a $2.5 billion, five-year revolving credit facility it received last year, The Information reported Wednesday (July 15), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
AI agents have moved from the wish list to the shopping cart. The next test is simple: Can merchants keep control when software starts acting like a customer? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
When Dubai chocolate went viral on TikTok in 2024, several major confectionery brands didn’t launch competing versions until after the trend had already peaked. That lag from trend signal to store shelf is the central operational problem for large consumer packaged goods (CPG) companies in...
