White House officials will meet with tech CEOs as the President Joe Biden administration promotes “responsible” artificial intelligence. Vice President Kamala Harris and other officials are set to host the heads of Microsoft, Google parent Alphabet, OpenAI and Anthropic Thursday (May 4) as the administration...
TD Bank and First Horizon Bank have called off their $13.4 billion merger. The financial institutions announced the end to their agreement in a joint statement Thursday morning (May 4), saying the decision came after TD told First Horizon that TD didn’t have a timetable...
Nordstrom is reportedly shuttering two of its San Francisco stores amid declining foot traffic. That’s according to a Wednesday (May 3) Wall Street Journal report, which cites a number of factors for the closing, including worries about crime and the persistence of remote work keeping...
When the CV joint on your used car finally breaks, your first thought isn’t how data science and optimized supply chain figure into that repair. But they do, by ensuring that part is readily available and affordable, as the calculus of pouring money into used...
At the intersection of digital channels and inflationary pressures, consumers are demanding more value from merchants. And it’s not all about price. Banyan CEO Jehan Luth said the great digital shift has shifted the definition of “value,” and merchants need to offer a better value...
We’ve reached a milestone with interest rates — and by extension, retailers may find it tougher to sell their inventories. As the world knows by now, the Federal Reserve boosted the target range for its benchmark interest rate by 0.25%. And we’ve crossed a threshold,...
PacWest Bancorp has reportedly been considering a sale, a breakup or a capital raise. The regional bank has been considering these options, but hasn’t made a decision, as its stock price has fallen after the collapse of three other regional banks, Bloomberg reported Wednesday (May...
Prizeout and Tandem have partnered to boost the purchasing power of couples who split expenses. With this new collaboration, couples who use the expense-sharing app Tandem can choose to “settle up” through Prizeout, where they will see money-saving offers from merchants that are customized for...
MercadoLibre says it’s taking advantage of growth opportunities in Latin America. The Latin American eCommerce giant saw its net revenues rise 58% year over year during the quarter ended March 31, MercadoLibre said in a Wednesday (May 3) letter to shareholders. “MercadoLibre has had a...
