If you know the term “nepo baby,” it might be because of New York Magazine. A cover story by the magazine on the concept went viral late last year, sparking conversations on the phenomenon of famous people with famous parents. Now, New York Magazine (NYM)...
U.K. retail sales rose 0.7% in June, building on the modest 0.1% rise in May. But in the U.S., there is concern about tepid consumer spending that could result in an accumulation of inventory on merchants’ shelves. Read also: UK Retail Sales Rise 0.7% Amid Good...
During the pandemic, traditional work environments underwent a transformation into virtual settings, pushing retailers to explore inventive methods to maintain relevance and strong connections with their consumers. This need for innovation persists even today, driving retailers to seek new avenues to engage and connect with...
Customer touchpoints are increasingly coming alive with the help of innovations like artificial intelligence (AI). And it isn’t just consumer-focused. Business-to-business (B2B) and commercial customers are more and more seeing — and expecting — both streamlined workflows and personalized experiences. “We’ve seen a significant uptick...
The U.S. has historically regulated technical innovations sector by sector, rather than by overall capability. This generally results in the limited use of certain technologies within specific industries (such as facial recognition or other biometrics) rather than seeing that technology banned outright. But as it...
Regional banks across the United States are reportedly deciding to cut back on lending in order to preserve capital and improve margins. Banks are unloading low-yielding bonds and loans or letting them mature and not replacing them in order to raise the average interest rates...
The Federal Deposit Insurance Corporation (FDIC) said some banks have been incorrectly reporting their estimated uninsured deposits. In an open letter to bank executives posted on its website Monday (July 24), the banking regulator highlighted common errors and called on banks that have misreported their deposit data to amend...
On Monday (July 24), Twitter officially pulled the trigger on an ambitious rebranding effort spearheaded by its multibillionaire owner, Elon Musk. After months of speculation, Musk confirmed that the social media company’s blue bird logo will be replaced with a simple “X,” a move that...
Unannounced visits by IRS revenue officers will be replaced with mailed letters to schedule meetings, except in a few unique circumstances. Increased security concerns and the presence of scam artists posing as IRS agents have contributed to the decision to end unannounced visits, the IRS said in a Monday...
