May 06, 2024
Tech Giants Intensify AI Investments to Strengthen Connected Economy

As businesses seek to strengthen the connected economy, they are harnessing artificial intelligence (AI) to bolster security measures and combat the ever-evolving landscape of sophisticated cyberthreats. Accenture and Oracle announced a joint...

May 06, 2024
ThredUp: Low Consumer Confidence Is Keeping Shoppers From Clothing Splurges

As consumers continue to feel economic pressures constrain their budgets, ThredUp sees shoppers pull back on buying clothes — even lower-cost secondhand ones. On a call with analysts discussing its first-quarter 2024 earnings results,...

May 06, 2024
Millennials Are Home Improvement Retailers’ Best Customers

When it comes to home improvement retail, millennials are taking the lead, PYMNTS Intelligence research reveals. By the Numbers The PYMNTS Intelligence report “The Online Features Driving Consumers to Shop...

May 06, 2024
New SDNY Cases Show Continued Insider Fraud Threat

Since biblical times, the greatest threats have often come from inside one’s own organization. Et tu, Brute? And recent news from the U.S. Attorney’s Office for the Southern District of...

May 06, 2024
New York Fed: Fewer Renters Expect to Ever Buy Home

Renters are less confident that they will ever own a home than they have been since the Federal Reserve Bank of New York began asking them about this prospect. The share of...

May 06, 2024
AI Could Put ‘Holy Grail’ of Retail Offers Within Reach 

Artificial intelligence (AI) is reshaping the way companies approach data-driven customer marketing.  The benefits of AI in marketing are substantial, experts say. AI-powered systems offer the potential to unearth insights...

May 06, 2024
Sam Ash Closes Stores as Musicians Turn to Amazon

As Amazon gains share in hobby retail categories, specialty retailers such as Sam Ash are taking a hit. The music retailer announced Thursday (May 2) that it is closing all its stores. “It is with a...

May 06, 2024
Report: Microsoft Working on ‘Far Larger’ In-House AI Model

Microsoft is reportedly working on a new, in-house artificial intelligence (AI) model that is “far larger” than the other open source models it has trained. The new model, MAI-1, is expected to have about...

May 06, 2024
Banco Sabadell Rejects Rival BBVA Merger Proposal

The board of Banco Sabadell (SABE.MC) has taken a firm stance against a proposed merger with BBVA (BBVA.MC), citing undervaluation and market volatility. In a statement released on Monday to...