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Consumers may be spending more of their retail dollars online, but the single biggest draw to brick-and-mortar stores isn’t groceries, clothes or electronics. It’s lipstick and lotion.
That’s one of the unexpected findings in PYMNTS Intelligence’s “How People Pay Report: Health and Beauty Products Draw Retail Shoppers Into Brick-and-Mortar Stores.” Based on a December survey of 2,628...
Anthropic will reportedly pay $1.5 billion to settle a high-profile copyright violation lawsuit.
The artificial intelligence (AI) startup was sued last year by a group of authors who accused the company of illegally accessing their books.
Under the terms of this settlement, Anthropic will pay around $3,000 per book as well as interest, and will also destroy the datasets that contain...
Spending by America’s Hispanic consumers is reportedly slowing amid tariff and immigration-related concerns.
Consumption among these families barely increased during the year through June, Bloomberg News reported Saturday (Sept. 6), citing data from research firm Numerator. Spending among white and Black households was up, though it grew at a slower rate compared to last year.
The...
Do you share your Amazon Prime free shipping perk with a friend or loved one?
The days of doing so are coming to an end. As The Wall Street Journal (WSJ) reported Sunday (Sept. 7), Amazon is shutting down that sharing program on Oct. 1, in hopes of recruiting new Prime members.
According to the report, Amazon will begin offering former members of its Prime Invitee program full Prime...
OpenAI has reportedly told shareholders it expects a steep jump in spending through 2029.
The artificial intelligence (AI) startup is now forecasting that it will burn through $115 billion over the next four years, nearly $80 billion more than it had previously projected, The Information reported Friday (Sept. 5).
The report noted that this “unprecedented” spending projection, adding...
Robinhood Markets has replaced Caesars Entertainment on the S...
Trading platform eToro has the cash to let it pursue merger and acquisition deals.
“We’re looking to do more ambitious stuff involving acquisitions,” Ronen Assia, co-founder and executive director of the Israel-based company, said in an interview with Bloomberg News published Sunday (Sept. 7).
This plan includes deals that would let eToro add more asset classes and locales to its...
Google DeepMind introduced a new artificial intelligence model that captures the vivid details of the Earth’s surface, which helps scientists and governments make better decisions about the land and sea.
Called AlphaEarth Foundations, the geospatial AI model pulls together satellite images and other environmental data to create a single picture of the planet, according to a blog post....
The Securities and Exchange Commission and the Commodity Futures Trading Commission said Friday (Sept. 5) that they aim to harmonize their regulations to provide markets with clarity and bolster the strength of America’s capital markets.
“It is a new day at the SEC and the CFTC, and today we reaffirm the need to ensure regulation does not stand in the way of progress,” SEC Chairman ...
The Financial Crimes Enforcement Network (FinCEN) issued guidance Friday (Sept. 5) that it said aims to encourage appropriate, voluntary cross-border sharing of information between and among financial institutions, including appropriate foreign ones.
This information sharing can help financial institutions combat money laundering, terrorist financing and illicit finance activity...