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Whether the steam engine or electricity, technological leaps forward reshape the labor market profoundly, creating new jobs, retiring old ones and altering how people work, spend and live.
The big question right now: How will artificial intelligence (AI) impact jobs? Will workforce and consumption trends follow the trajectory of the seismic shifts that replaced flails with mechanized...
Paper coupons can boost a retailer’s appeal to customers who are older or who don’t have the latest iPhone, according to Kroger executives.
During the grocery giant’s Thursday (Sept. 11) earnings call, Kroger Chairman and CEO Ron Sargent said the company is reintroducing paper coupons in every store as part of an effort to simplify its promotional offers.
“Our customers are recognizing...
Swiss banks have completed a successful proof of concept of a Swiss franc deposit token and said the results warrant further development.
The project was conducted by the Swiss Bankers Association (SBA), PostFinance, Sygnum and UBS, the association said in a Tuesday (Sept. 16) press release.
“The tested token is a strategic step towards the future of the payment system and underlines...
Automaker Jaguar Land Rover is entering the third week of a shutdown of its factories caused by a cyberattack and has extended the pause until Sept. 24.
The company announced the cyber incident in a Sept. 2 statement, saying that it had shut down its systems to mitigate the impact of the incident.
“At this stage there is no evidence any customer data has been stolen, but our retail...
TikTok will still feel familiar to the 170 million Americans who scroll through it every day, but the company behind the app would be restructured under a proposal being considered Tuesday (Sept. 16).
The plan, under discussion by the U.S. and China this week, would shift a majority ownership to U.S. investors, secure data oversight in Texas, and license the algorithm into American...
Binance and the U.S. Justice Department are reportedly in talks that could end an oversight requirement that was part of the cryptocurrency exchange’s 2023 settlement of charges it didn’t do enough to prevent money laundering.
The requirement that the company maintain an outside compliance monitor was scheduled to last three years but could end sooner if the two parties strike a deal,...
Getting money faster and on demand isn’t just a bonus. For those living paycheck to paycheck, it’s often the only buffer between making rent or falling behind.
The decades-old practice of waiting out two-week paychecks is giving way to more fluid, cash flow-friendly options.
Earned wage access (EWA) allows employees to tap into wages they’ve already earned but haven’t yet been paid...
StubHub is aiming to raise as much as $851 million in a New York Stock Exchange debut on Wednesday (Sept. 17), according to a recent Bloomberg report.
The company is seeking to reinvent itself from a resale marketplace into a direct ticketing player, even as rival Ticketmaster faces heightened scrutiny from U.S. regulators over bots and resale practices, Reuters reported Monday (Sept...
Enterprise back offices are the engine of corporate life.
They process invoices, reconcile accounts, monitor compliance and ensure company books are balanced to the penny.
However, these engines have been humming the same tune for often a decade or more. Many rely on outdated systems, layers of manual checks, and technology investments that often lag behind customer-facing innovations...
Tether reportedly aims to match the success it has seen with stablecoins in other countries with the new token it plans to launch in the United States.
During an interview on Bloomberg Television, Bo Hines, strategic advisor for digital assets and United States strategy at Tether, and leader of its planned new token, said Tether wants to be “the largest player in the U.S. market.”
“We...