News

Retail
Holiday Online Retail Sales Jump 6.3% Amid ‘Deliberate’ Spending
December 26, 2023

American consumers upped their holiday spending this year, doing a lot of that spending online. That’s according to preliminary results from Mastercard’s SpendingPulse released Tuesday (Dec. 26), showing retail sales increasing 3.1% — not adjusted for inflation — year over year from Nov. 1 to Dec. 24....

Artificial Intelligence
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
December 26, 2023

With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been showered on generative artificial intelligence over the past year. The technology has spawned no end of human speculation about AI’s...

B2B Payments
One in 7 US Middle-Market Companies Use Overdrafts as a Working Capital Solution
December 26, 2023

Having access to some extra cash from your financial institution at certain points in your personal or professional life may be particularly helpful for individuals and companies, either to cover an extra bill or to continue in business. In the form of an overdraft, this...

Retail
LTK Says Everybody Wants to Become a Creator, but Is That a Good Thing?
December 26, 2023

The urge to play “creator” has spread like wildfire through our culture. People from all walks of life are itching to share their stories, skills and perspectives with a global audience either full time or through a side hustle. However, as the influx of creators...

Retail
Creating a White Christmas, Even When Mother Nature Plays Scrooge
December 23, 2023

Dreaming of a white Christmas this year? Sadly for those who are, it seems that most U.S. citizens won’t get their snow-filled wish. Before we unwrap what we can do about it, let’s examine why the wish for a white Christmas is so popular. As...

Retail
Retailers Offer Fewer Discounts as Consumers Seek Last-Minute Gifts
December 22, 2023

As the holiday season approaches, last-minute shoppers are reportedly finding that major retailers are offering smaller discounts and fewer markdowns on their products. The reduction in discounts during this crucial shopping period reflects the challenges faced by retailers due to higher interest rates and other...

Security & Fraud
Insomniac Reports Data Breach Involving Employee Information, Game Development Details
December 22, 2023

Sony-owned video-game studio Insomniac released a statement Friday (Dec. 22) about a data breach that became known earlier this month. “We’re both saddened and angered about the recent criminal cyberattack on our studio and the emotional toll it’s taken on our dev team,” the company...

eCommerce
Year in Review: Social Media eCommerce Has Not Yet Caught On
December 22, 2023

Social platforms such as TikTok, Facebook and Instagram have made it quicker and easier for consumers worldwide to share their shopping stories and start retail trends. It is little wonder, then, that retailers and influencers are eager to harness this power for themselves. The development...

IPO
Custom Health to Go Public, Grow Tech-Enabled Medication Management Solution
December 22, 2023

Custom Health, a provider of a technology-enabled medication management and managed care solution, plans to go public. The firm has entered into a definitive business combination agreement with Berenson Acquisition Corp. (BACA) that will result in Custom Health becoming a publicly-listed company, the firms said...