Platforms, Not Creators, Reap Financial Rewards of Creator Economy
Platforms, Not Creators, Reap Financial Rewards of Creator Economy
April 23, 2023  |  Connected Economy

The creator economy is apparently leaving a bulk of creators out in the cold. In an opinion piece published Saturday (April 22) by the Financial...

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Bed Bath & Beyond Bankruptcy Blamed on Private Label Strategy
Bed Bath & Beyond Bankruptcy Blamed on Private Label Strategy
April 23, 2023  |  Retail

Bed Bath & Beyond has declared bankruptcy months after warning about its future. The downfall of the 52-year-old home goods seller came about Sunday (April...

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Markups by Auto Dealers Helped Fuel Inflation, Government Study Shows
Markups by Auto Dealers Helped Fuel Inflation, Government Study Shows
April 23, 2023  |  Economy

New government research shows that markups on new vehicles helped drive the inflation plaguing consumers. A recent study by the U.S. Bureau of Labor Statistics...

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Luxury Retailers Like Saks and Gucci Lean Into Exclusivity
Luxury Retailers Like Saks and Gucci Lean Into Exclusivity
April 22, 2023  |  Retail

Luxury retailers are promoting exclusivity as a way to focus on their core customers and keep them engaged. Following in the footsteps of iconic brands...

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FSOC Approves Proposals Focused on Countering Potential Risks to Stability
FSOC Approves Proposals Focused on Countering Potential Risks to Stability
April 21, 2023  |  Regulation

The Financial Stability Oversight Council (FSOC) of the U.S. Treasury announced two proposals to counter potential risks. One proposal would provide greater transparency about how the Council identifies,...

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Restaurants Seek New Tech Partnerships to Drive Digital Sales
Restaurants Seek New Tech Partnerships to Drive Digital Sales
April 21, 2023  |  Restaurant innovation

This week in restaurants, Nathan’s Famous taps ghost kitchens, and USHG launches new loyalty apps.  Quick-service restaurant (QSR) chain Nathan’s Famous announced Wednesday (April 19) a partnership with virtual...

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Lyft to ‘Significantly Reduce’ Workforce April 27 as It Restructures
Lyft to ‘Significantly Reduce’ Workforce April 27 as It Restructures
April 21, 2023  |  Ridesharing

Lyft will “significantly reduce” the size of its workforce next week. The company did not specify the number of employees who will be affected, instead...

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Discounts Can Motivate Low-Income Consumers to Use Aggregators
Discounts Can Motivate Low-Income Consumers to Use Aggregators
April 21, 2023  |  Consumer Insights

Unsurprisingly, restaurant aggregator adoption is smaller among lower-income consumers, but special offers can help shift this. By the Numbers Research from PYMNTS’ new exclusive report...

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Businesses Start to Feel Credit Pinch
Businesses Start to Feel Credit Pinch
April 21, 2023  |  Loans

Businesses are reportedly finding it increasingly difficult to access credit. The trend could lead companies to reduce their investments and slow their growth, Bloomberg reported...

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