Report: ‘Panicked’ Google Rebuilding Search Engine in AI Race
Report: ‘Panicked’ Google Rebuilding Search Engine in AI Race
April 16, 2023  |  artificial intelligence

Google is reportedly building an all-new search engine amid increased competition from AI-driven rivals. A report Sunday (April 16) by The New York Times says...

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FTC to Advertisers: Back Up Your Claims or Pay Up
FTC to Advertisers: Back Up Your Claims or Pay Up
April 16, 2023  |  Regulation

The Federal Trade Commission is warning advertisers to back up claims about their products. The FTC last week issued notices to 670 companies warning that...

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GM Gambles on In-House Tech Over Apple and Google Apps
GM Gambles on In-House Tech Over Apple and Google Apps
April 16, 2023  |  Connected Economy

Last month, General Motors tapped Google to help create electric vehicle infotainment systems. Google, but not the company’s Android Auto, or Apple’s CarPlay. This decision,...

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Instagram Debuts Gift Offerings for Creators
Instagram Debuts Gift Offerings for Creators
April 16, 2023  |  Meta

Meta is expanding its Instagram gift program to draw more creators to the platform. The social media company launched the gift feature last year to...

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Small Banks Hike Interest Rates as Depositors Flee
Small Banks Hike Interest Rates as Depositors Flee
April 16, 2023  |  Banking

This week will be a momentous one for the country’s small and midsized banks. A number of these financial institutions are set to report earnings...

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Yellen Warns Banks Could Pull Back on Lending
Yellen Warns Banks Could Pull Back on Lending
April 16, 2023  |  Banking

America’s treasury secretary is warning of a tougher lending environment following two recent bank failures. In a Sunday (April 16) CNN interview, Janet Yellen said...

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House Set to Examine the Future of US Stablecoins
House Set to Examine the Future of US Stablecoins
April 16, 2023  |  Cryptocurrency

U.S. lawmakers this week will hold hearings that could decide the future of stablecoins. The House Financial Services Committee is due to meet Wednesday (April...

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CVC-Network International Deal Reportedly Worth $2.5 Billion
CVC-Network International Deal Reportedly Worth $2.5 Billion
April 16, 2023  |  Acquisitions

CVC Capital Partners is reportedly in advanced talks to purchase Network International for at least £2 billion ($2.5 billion). A report by Bloomberg News on...

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Nordstrom Walks Back on Luxury and Leans Into Deep Discounts
Nordstrom Walks Back on Luxury and Leans Into Deep Discounts
April 15, 2023  |  Retail

Following its recent earnings report in early March, fashion retailer Nordstrom has announced the upcoming launch of nine additional stores for its Nordstrom Rack off-price...

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