Friday, November 8, 2024

Overall Consumer Credit Decelerates in September; Card APRs Still at Multiyear Highs
All eyes were on the Federal Reserve’s interest rate cut this week. As widely expected, the central bank delivered a 0.25% trimming to the federal funds rate Thursday (Nov. 7), which will take some ...

AI Retail Race Heats Up as Shopify, Amazon and Google Launch New Tools
Tech players are positioning themselves in artificial intelligence-powered retail, with Coveo adding personalization tools to Shopify Plus stores and Amazon founder Jeff Bezos investing $400 million i...

McDonald’s Says Geofencing Technology Helps Boost Customer Satisfaction
McDonald’s reportedly improved customer satisfaction scores and reduced customer wait times by using geofencing technology to streamline the mobile ordering process. The quick-service restaurant (QS...

Yelp to Expand Services Advertising Revenues With RepairPal Acquisition
Local business information platform Yelp plans to acquire auto services platform RepairPal for about $80 million in cash. The acquisition is expected to close by the end of the year, subject to c...

DraftKings Eyes Expansion Into New Markets as It Balances Growth, User Acquisition
Customer acquisition and its associated costs remain a double-edged sword for officials at DraftKings, according to co-founder and CEO Jason Robins. Third-quarter results released Thursday (Nov. 7) re...

Shares of Credit Card Issuers and Lenders Rise After Election
Shares of credit card issuers and lenders have reportedly risen after the election of Donald Trump, with investors expecting the incoming Trump administration to deliver regulatory changes that are f...

GRASS Price Surges Nearly 200% In One Week, Riding High on Airdrop and BTC Rally
The recent price surge in GRASS, which is up 187.99% in the last seven days, appears to be fueled by the success of its airdrop and BTC new all-time highs. These factors, along with the upcoming listi...

Solana (SOL) Price Nears Its Highest Level in 8 Months
Solana (SOL) price is showing some promising signs, with the coin up almost 20% in the last week, but caution is required. While recent indicators reveal strong upward momentum, the sustainability of ...

SHIB Technical Setup Shows Meme Coin Is Positioned for Potential 30% Rally
Shiba Inu (SHIB) appears ready to extend its recent gains, as the daily technical technical setup suggests that the meme coin may be primed for a 30% rally. Also, key support levels and increasing buy...

BlackRock’s IBIT Hits All-Time High, Surpasses Gold-Based ETF
Trading data reveals that BlackRock’s Bitcoin ETF, IBIT, has surpassed the firm’s gold ETF offering. This comes despite the fact that gold is also enjoying intense price rallies. A cocktail of...

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Friday, November 8, 2024

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