The last time the U.K. issued gambling regulations, the iPhone hadn’t been invented. Since then, advances in technology and an increase in betting among the public have rendered the country’s 2005 Gambling Act outdated, the British government said in a white paper published Thursday (April 27). It...
Struggling apparel retailer Gap is cutting 1,800 jobs as it looks to reduce expenses. The company announced the layoffs in a regulatory filing Thursday (April 27), in which it said these cuts were part of a plan to “simplify and optimize its operating model and...
Hasbro is finding that demand for toys is down, while digital gaming remains strong. Overall, the branded entertainment company saw revenues decline 14% year over year during the first quarter, in which the current environment remained challenging and the company worked to clear retail inventory,...
BaubleBar has made an entire business around customization, initially with jewelry and later expanding to phone cases. While this may appear to be a niche product at first glance, consumer behavior has shown that BaubleBar’s emphasis on personalization has resonated with its audience. The brand...
Federal regulators are reportedly considering lowering their private assessments of the struggling First Republic Bank. That’s according to a report Wednesday (April 26) by Bloomberg News, citing sources with knowledge of the matter. The report notes that such a decision by the Federal Deposit Insurance...
Houzz now enables residential contractors and design professionals to quickly collect electronic payments in person. The company has equipped Houzz Pro, its platform for home remodeling and design, with a Tap to Pay feature that turns iPhones into point of sale (POS) devices, Houzz said...
Banks should consider offering lower-cost alternatives for covering overdrafts. That is one of the suggestions made by the Office of the Comptroller of the Currency (OCC) in a bulletin released Wednesday (April 26). The bulletin identifies some practices around overdraft protection programs that may result...
Regional banks can compete with the bigger banks. So said Citizens Financial Group CEO Bruce Van Saun on Tuesday (April 25) when speaking with Bloomberg’s Baystate Business Hour Podcast. “We go up against the megabanks every day in these markets like Boston,” Van Saun said....
Today’s data-driven, digital landscape is transforming and optimizing business processes in ways previously unimaginable. Top executives at Alphabet, Microsoft and Bank of America (BoA) and more have devoted significant time during their earnings calls this week highlighting the internal impact of generative artificial intelligence (AI)...
