July 21, 2024
Fast Food Brands Struggle as Consumer Sentiment Sours
Restaurant stocks have been struggling this summer, though it’s not quite clear why. As Seeking Alpha reported Sunday (July 21), weakening consumer confidence and consumer spending are likely the key...
July 21, 2024
LinkedIn Employs AI and Games to Promote Daily User Visits
How often do you visit LinkedIn? The platform wants your answer to be “every day.” To that end, the Financial Times (FT) reported Sunday (FT), LinkedIn is offering artificial intelligence...
July 21, 2024
Luxury Brands Slash Prices to Entice Middle-Income Buyers
Luxury brands have begun lowering their prices to win back middle-income shoppers. As The Wall Street Journal (WSJ) reported Sunday (July 21), this move — by companies such as Burberry...
July 19, 2024
Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
If there ever was a day that needed a Plan B, it was Friday, July 19. Banks, airlines, hospitals, fast food chains, retailers, even the Paris Olympics, and nearly any...
July 19, 2024
Fifth Third Earnings Focus on Liquidity and Payments Innovations
This quarter’s bank earnings, like the macro environment, have been mixed and unpredictable. And the ongoing theme of controlling for what’s controllable held true for Fifth Third Bancorp executives, who told investors during...
July 19, 2024
Open Banking Faces Challenges as Banks Urge Delay in New...
Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access. Data underpins the joint efforts of traditional...
July 19, 2024
Restaurants Tinkering With Subscriptions Turn From Freebies to Discounts
As the restaurant industry aims to figure out how to use subscriptions to drive loyalty, some are finding that offering free menu items is not particularly cost effective, instead shifting...
July 19, 2024
Chinese Consumers Remain Cautious, Investing Instead of Spending
Chinese consumers are reportedly choosing to repay debt and buy wealth management products, despite government efforts to get them to spend. The country’s consumers put less money in the bank in...
July 19, 2024
AI Sparks a Creative Revolution in Business, With an Unexpected...
In the race to harness artificial intelligence (AI), businesses are discovering an unexpected wrinkle: AI that sparks individual brilliance may be flattening the creative landscape. As companies from tech startups...