May 07, 2024
Meta Unveils GenAI Tools for Business Advertising
Meta is rolling out a new way for advertisers to create marketing materials. Businesses can now use Meta’s artificial intelligence (AI) tools to create images for advertising campaigns, Meta said...
May 07, 2024
Pharmacy AI Set to Grow as Companies Look to Streamline
The robots are coming — to a pharmacy near you. As the world looks to streamline healthcare, the pharmacy automation market is poised to be just what the doctor ordered,...
May 07, 2024
Spanish Startup Association Slams Microsoft’s Cloud Practices
The Spanish Startup Association has lodged a complaint against Microsoft with the Spanish antitrust regulator. The grievance, filed on Tuesday, accuses the U.S. tech giant of engaging in allegedly anticompetitive...
May 07, 2024
Is Apple at Risk of Becoming the Next IBM?
Sixty-three years ago this month, the world’s first supercomputer was born. In May of 1961, IBM introduced its Model 7030, also known as “Stretch.” The gamechanger was its computational processing...
May 07, 2024
Are Co-Branded Credit Cards Facing an Existential Crisis?
General-purpose credit cards dominate the consumer credit card landscape. In fact, about 2.5 times more consumers hold general-use credit cards than either co-branded credit or store cards, with substantially wider...
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
Target Expanding Private-Label Offerings to Other Stores
Shoppers might soon spot Target’s private-label brands at stores other than Target. Christina Hennington, the company’s chief growth officer, tells Bloomberg News that it is expanding sales of its in-house Cat & Jack children’s...
May 06, 2024
CE 100 Index Rises 0.7% as Earnings Drive Lifestyle Categories
The CE 100 Index gained 0.7%, buoyed by continued earnings reports that boosted the fortunes of the Shop and Live pillars. Shares of Koninklijke Philips N.V. (Philips) were 27.6% higher,...
May 05, 2024
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
In a twist for Italy’s banking giant Intesa Sanpaolo, its plans for digital expansion through Isybank have hit a roadblock following an antitrust ruling. The decision, delivered by Italy’s competition...
