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Amazon to Close Its 2 Physical Clothing Stores
Amazon to Close Its 2 Physical Clothing Stores
November 02, 2023  |  Amazon

Amazon is closing its physical clothing stores as it shifts its focus to its online fashion shopping experience and expanding its grocery stores business. The two Amazon...

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FTC Alleges Amazon Deployed Secret Algorithm to Raise Prices
FTC Alleges Amazon Deployed Secret Algorithm to Raise Prices
November 02, 2023  |  Legal

The Federal Trade Commission (FTC) reportedly unveiled details of a lawsuit against Amazon Thursday (Nov. 2), accusing the eCommerce giant of employing strategies to enhance its profits. The...

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Target CEO: Stressed Consumers Trim Grocery Budgets
Target CEO: Stressed Consumers Trim Grocery Budgets
November 02, 2023  |  Retail

Target CEO Brian Cornell said the strain consumers are feeling has finally begun to impact grocery sales. Cornell said in an interview with CNBC Thursday...

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Flavrs Adds Takeout Shopping and AI-Powered Features to Food App
Flavrs Adds Takeout Shopping and AI-Powered Features to Food App
November 02, 2023  |  Connected Economy

Flavrs has added new features to its app, which pairs cooking videos with recipe data and shopping integration. “Since we started Flavrs, we’ve been busy connecting...

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CellPoint and Riskified Team to Combat Travel Sector Fraud
CellPoint and Riskified Team to Combat Travel Sector Fraud
November 02, 2023  |  Fraud Prevention

CellPoint Digital has teamed with Riskified to help battle fraud in the travel sector. The partnership, announced Thursday (Nov. 2), leverages Riskified’s fraud and risk intelligence capabilities and CellPoint’s payment...

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Visa Completes Pilot Test of CBDC in Hong Kong
Visa Completes Pilot Test of CBDC in Hong Kong
November 02, 2023  |  CBDC

Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs)....

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Continuing Unemployment Claims Creep Up As Layoffs Mount
Continuing Unemployment Claims Creep Up As Layoffs Mount
November 02, 2023  |  Economy

Jobless Americans might be having trouble finding work, according to new unemployment data. Figures released Thursday (Nov. 2) by the Labor Department showed that continuing jobless claims —...

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Mastercard to Offer VIP Experiences Through Live Nation Partnership
Mastercard to Offer VIP Experiences Through Live Nation Partnership
November 02, 2023  |  Mastercard

Mastercard has formed a multi-year partnership with live entertainment company Live Nation. This partnership aims to provide exclusive benefits and VIP experiences for Mastercard cardholders in 19...

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PayPal Shares Soar in Response to Leaner Company Strategy
PayPal Shares Soar in Response to Leaner Company Strategy
November 02, 2023  |  Earnings

PayPal reportedly experienced an increase in market value after committing to become a “leaner” company. The global payments giant’s shares climbed almost 7% to $55.12...

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