Best Buy Eliminates Hundreds of In-Store Consultant Roles
Best Buy Eliminates Hundreds of In-Store Consultant Roles
April 14, 2023  |  Retail

Best Buy has reportedly eliminated hundreds of roles in its brick-and-mortar stores. The cuts are centered on the electronics and appliance retailer’s “consultants” who focus on...

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Amazon Eyes TV, Movie Projects for MGM Titles Like ‘Legally Blonde’ and ‘Robocop’
Amazon Eyes TV, Movie Projects for MGM Titles Like ‘Legally Blonde’ and ‘Robocop’
April 14, 2023  |  Amazon

A year after acquiring MGM, Amazon Studios reportedly looks at new projects based on its intellectual property. Several film and television projects based on the...

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Elon Musk Is Creating an OpenAI Competitor
Elon Musk Is Creating an OpenAI Competitor
April 14, 2023  |  Artificial Intelligence

ChatGPT and GPT-4 developer OpenAI has a new competitor. It’s Elon Musk. News broke Friday (April 14) that the firebrand owner of Tesla, Twitter and...

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SBA Lifting Moratorium on Licensing New Small Business Lending Companies
SBA Lifting Moratorium on Licensing New Small Business Lending Companies
April 14, 2023  |  Digital Banking

Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans. Effective May 12, the agency is lifting the moratorium on licensing...

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Retail Sales Data: Consumers Reconsider Their ‘Essential’ Purchases
Retail Sales Data: Consumers Reconsider Their ‘Essential’ Purchases
April 14, 2023  |  Retail

In retail, get ready for the “big reconsideration.” The latest retail sales data released Friday (April 14) show that in March — and for the...

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Subway Draws Closer to Sale as Restaurant Industry Recovers
Subway Draws Closer to Sale as Restaurant Industry Recovers
April 14, 2023  |  Restaurant Roundup

This week in restaurants, Subway gets closer to selling, and eateries’ sales and workforces grow. In quick-service restaurant (QSR) giant Subway’s reported ongoing effort to...

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Consumers Would Pay a Fee for Faster Insurance Payouts
Consumers Would Pay a Fee for Faster Insurance Payouts
April 14, 2023  |  Disbursements

Consumers’ need for speed when it comes to insurance payouts may be at odds with common practices in the sector.  When consumers are owed money,...

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Zoom to Acquire Workvivo and Add Capabilities to Its Collaboration Platform
Zoom to Acquire Workvivo and Add Capabilities to Its Collaboration Platform
April 14, 2023  |  Acquisitions

Zoom is acquiring Workvivo to continue expanding its collaboration platform for the digital-first workplace. The acquisition, which is expected to close in the first quarter...

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Independent Restaurants Are Without Emergency Funds to Weather Economic Challenges 
Independent Restaurants Are Without Emergency Funds to Weather Economic Challenges 
April 14, 2023  |  SMBs

PYMNTS research reveals most small hospitality firms don’t have cash reserves to fall back on. By the Numbers Research from the latest edition of PYMNTS’...

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