October 06, 2023
FinTech IPO Index Slides 3% as Affirm and Blend Lead...
The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining names, sliding 16% through the...
October 05, 2023
Citi Analyst Downgrades Paymentus Holdings Due to Stock’s Gains
Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock’s substantial gains this year, which have reached 79%...
October 05, 2023
Grocers Push for Direct Fulfillment Amid Industry’s Digitization
This week in grocery news, Ahold Delhaize USA grocers adopt new direct ordering apps, Ocado reportedly doubles down on automation, and online discount grocer Martie launches nationwide. Multinational grocer Ahold...
October 05, 2023
Birkenstock May Struggle to Find Footing in Rocky IPO Market
Birkenstock may need a bigger toe-hold in the direct-to-consumer market before it goes public. That’s according to a Thursday (Oct. 5) report by Reuters, citing comments from investors and analysts who say...
October 04, 2023
Food Chains Tap Robots to Streamline Meal Prep Amid Quality...
From robotic grills, faster blenders and drone delivery, restaurants across the globe are turning to automation to tackle rising labor costs, improve efficiency and boost revenues. Major quick-service restaurant (QSR)...
October 04, 2023
Wellful CEO Says Jenny Craig Can Reach Wider Audience as...
Rebooted as a direct-to-consumer (D2C) brand, Jenny Craig will now benefit from the widespread expansion of its audience beyond just the locations it can service within reach of brick-and-mortar locations....
October 04, 2023
How Netflix Shows the Importance of Getting Innovation’s Timing Right
There Are Ghosts, of Course A bit more than 25 years ago, on March 10, 1998, Netflix shipped its first DVD, “Beetlejuice,” about two ghosts played by Alec Baldwin and Geena...
October 03, 2023
Chipotle and Hyphen Team to Test Robot Food Prep
Chipotle wants to test whether robots can prepare its burrito bowls and salads. The fast casual chain announced Tuesday (Oct. 3) it had teamed with automated food service platform Hyphen to test a “cobotic” (short...
October 03, 2023
JetBlue Airways Files Complaint Against Netherlands and EU Over Airport...
U.S. carrier JetBlue Airways has taken a bold step by filing a formal complaint against the Netherlands and the European Union with the U.S. Department of Transportation. The complaint centers...