Feed Items
After a summer in “wait-and-see” mode, American businesses have begun making difficult, tariff-related decisions.
[contact-form-7]
That’s according to a report Saturday (Aug. 9) by the New York Times (NYT), which illustrates the situation with the example of Barry Barr, owner of outdoor apparel company KAVU True Outdoor Wear. Following months of spending cuts, the latest round of...
Inflation is creeping up as retailers hike prices in response to ongoing U.S tariffs.
[contact-form-7]
That’s according to a report from Bloomberg News Friday (Aug. 8), citing the median projection in its survey of economists.
That survey showed the core consumer price index climbing 0.3% in July, after creeping up 0.2% the prior month. This would mark the largest gain since the...
Trump family-backed World Liberty Financial is reportedly pitching investors on a new project.
[contact-form-7]
The firm aims to create a public company that would hold its WLFI tokens and hopes to raise around $1.5 billion for the venture, Bloomberg News reported Saturday (Aug. 9), citing sources familiar with the matter.
Those sources say major investors in the technology and...
American restaurant chains are seeing declining sales as consumers stay at home.
[contact-form-7]
As the Financial Times (FT) reported Saturday (Aug. 9) IHOP and Applebee’s parent Dine Brands, Sweetgreen, Wendy’s and Denny’s all cautioned during earnings calls last week that consumers’ reluctance to spend is hindering sales.
U.S. diners ate 1 billion fewer restaurant meals between...
Saks Global’s overdue payments problem reportedly continues to plague the department store.
[contact-form-7]
As Retail Dive reported Friday (Aug. 8), the company told analysts in June it had mostly settled things with vendors who were angry about overdue invoices.
However, vendors in communication with the news outlet said the company has yet to follow through on payments that had been...
Software firm Strategy has spent the last few years buying billions of dollars worth of bitcoin.
[contact-form-7]
Now, a host of other companies — ranging from hoteliers to electric vehicle makers — are following suit, the Financial Times (FT) reported Friday (Aug. 8).
These businesses, the report added, are backed by investors who see a chance to tap into the crypto market without...
A new kind of filmmaker is set to walk the red carpet at this year’s Venice film festival: human creators who embrace artificial intelligence in their work.
[contact-form-7]
The Reply AI Film Festival is an international short-film competition that seeks to “explore new frontiers in storytelling and creative production,” according to a July 28 press release.
This year’s theme, “...
Pinterest CEO Bill Ready said Friday (Aug. 8) that it will be some time before consumers are ready to let artificial intelligence (AI) agents do their shopping for them, but that Pinterest is providing AI-powered tools that will “meet the user where they are” in the meantime.
[contact-form-7]
Speaking during the company’s quarterly earnings call, and responding to an analyst’s question...
Dutch FinTech Mollie could reportedly close an acquisition of U.K. FinTech GoCardless as soon as next month.
[contact-form-7]
GoCardless has had talks with multiple potential acquirers this year, and Mollie is the current frontrunner, Sifted FinTech Reporter Tom Matsuda wrote in a Friday (Aug. 8) LinkedIn post promoting the Sifted article that cited unnamed sources.
Reached by PYMNTS,...
Fast food chains are reportedly seeing a decline in their breakfast business as Americans cut back on spending.
[contact-form-7]
Executives from Wendy’s and McDonald’s said this week during earnings calls that their breakfast business is doing worse than other times of day, despite discounts offered by the companies, Bloomberg reported Friday (Aug. 8).
Wendy’s interim CEO and Chief...