A bill now in the U.S. House of Representatives would make it law that not all digital assets are securities. So said House Financial Services Committee (HFSC) Chairman Patrick McHenry in opening remarks made Wednesday (July 26) ahead of a markup of the “Financial Innovation and Technology [FIT] for the 21st Century Act.”...
Selling Grubhub might be easier said than done for owner Just Eat Takeaway. “We’re talking to buyers still, but it’s a very difficult M&A situation currently,” Jitse Groen, the Dutch delivery giant’s CEO, told Bloomberg News in an interview published Wednesday (July 26). “It’s all very easy on Excel sheets, it’s...
The generative artificial intelligence (AI) arms race leaderboard is neck and neck. It hasn’t even been a full calendar year since the technology was first commercialized at scale by Microsoft and OpenAI, and already the titles of winner, loser and upstart are trading hands among...
Small and medium-sized businesses (SMBs), which play a crucial role in powering the U.S. economy, are facing increasing difficulties in accessing working capital and other financing. In fact, according to the 2023 PYMNTS report titled “Main Street Health Q2 2023: Credit’s Key Role in SMBs’ Plans,”...
During the second quarter of 2023, LVMH’s portfolio brand Loewe secured the top spot on Lyst Index — a quarterly report that considers Lyst shoppers’ behavior, which includes searches on and off the platform, product views, and sales data. But despite claiming the top spot, and...
Quarter after quarter, retailers have been singing the same old song, citing macroeconomic challenges as the hook. While the hook remains the same, there’s a new verse being added: U.S. consumers aren’t spending. This affects more than just brands and retailers. It’s made its way...
Four Big Tech companies have formed a group focused on responsible artificial intelligence (AI) development. The Frontier Model Forum, comprised of Google, Microsoft, OpenAI and Anthropic, “will draw on the technical and operational expertise of its member companies to benefit the entire AI ecosystem,” Google said in a blog post Wednesday...
Walmart is working with Expedia to offer Walmart+ members deals on travel. The partnership, announced Tuesday (July 25), lets members book trips via the WalmartPlusTravel website and get discounts on hotels, car rentals and vacation rentals, with bookings powered by Expedia. “We’re bringing together the ultimate savings membership and vacation...
X, the social media platform formerly known as Twitter, is reportedly trying to gain back advertisers. The platform is now offering discounted prices and a new set of incentives to encourage brands to come back, The Wall Street Journal (WSJ) reported Tuesday (July 25), citing emails...
