Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried that if they don’t snatch up their flagship stores, one of their competitors will purchase the property and evict them....
As the total solar eclipse draws near, brands are reaching for the stars, seizing on the hold that the event has on the public’s imagination. Take, for instance, Krispy Kreme. Through Monday (April 8), the day of the eclipse itself, the sweet treats brand is offering...
European embedded finance firm Swan has integrated Wise Platform to enable its clients to send and receive money from more than 190 countries. With Wise Platform, which is Wise’s infrastructure offering for financial institutions and enterprises, Swan’s clients can enable their customers to send and receive funds in more...
Amidst a growing dialogue among legal scholars, there’s an emerging sense that companies might soon face increased legal scrutiny for the actions and statements of their artificial intelligence systems. As lawsuits mount around the fair use of AI, the legal community is navigating the complex terrain of...
The Consumer Financial Protection Bureau (CFPB) is monitoring the increasing payment of “discount points” by homebuyers and the potential risk this may pose to consumers. The percentage of homebuyers paying discount points doubled from 2021 to 2023, and the increase was even greater among those...
Consumers want loyalty rewards, but not if it means having to work their way through a complicated digital interface. Retailers including Albertsons and PetSmart are updating their programs to meet this demand for streamlined experiences. Albertsons announced Wednesday (April 3) the debut of a streamlined loyalty experience, shifting to a single...
TD Bank Group and Google Cloud have partnered to streamline the bank’s development and deployment of new applications. The collaboration aims to accelerate the rollout of new features and financial products, enabling “innovative banking experiences,” the companies said in a Friday (April 5) press release....
Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all” of its used vehicle inventory and paid off a vehicle floorplan financing facility, Vroom said in a Thursday (April 4) filing with...
How a company spends money — well, that tends to define its strategy. As for how a firm makes money, that all boils down to and supports its business model. And with Google reportedly considering charging people to use its premium generative artificial intelligence (AI)...
