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Location American Business News for 13 June 2023
Amazon Prime Video to stream final season of 'Jack Ryan' on 30 June Viewers have become increasingly language-agnostic owing to the dubbing and subtitling of international shows popular for high-quality storytelling and production, said streaming services firms.
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Instant Brands, maker of Pyrex and Instant Pot, files for bankruptcy as sales plunge Sales of "electronic multicooker devices," most of which are Instant Pots, plunged 50% by last year, to $344 million.
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Automated Aircraft Inspections Will Soon Be Commonplace For Airlines Moving from manual to automated aircraft inspections has upsides for commercial aircraft. Smart drones with AI can create a digitation of the aircraft in minutes.
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The Awkward Partnership Leading the AI Boom

Wall Street Journal - 13 Jun 2023 15:00
The Awkward Partnership Leading the AI Boom The unconventional arrangement between Microsoft and OpenAI sometimes causes conflict.
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NFT Market Sees 20% Drop in Weekly Sales After a Few Weeks of Gains After several weeks of consecutive gains, sales of non-fungible tokens (NFTs) have slumped 20.44% this week compared to the previous week. According to seven-day statistics, NFT sales totaled $152.96 million last week, w...
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Google's lucrative ad-tech business reportedly could be forced to break up Frustration has been mounting after Google failed to address European Union competition concerns, Reuters reported.
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Shares Of Walt Disney Could End This Week With A Buy Signal. Here's How To Trade The Stock. The weekly chart will be positive given a close on Friday above its five-week modified moving average at $93.71.
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Breakup of Google Ad-Tech Business Now on Table in Europe, Too

Wall Street Journal - 13 Jun 2023 00:04
Breakup of Google Ad-Tech Business Now on Table in Europe, Too The EU antitrust case, expected to be filed as early as this week, would add to the U.S. Justice Department's January lawsuit.
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How Wells Fargo is creating 'fans for life'

American Banker - 13 Jun 2023 19:18
How Wells Fargo is creating 'fans for life' Michelle Moore, head of consumer digital at Wells Fargo, uses three principles to try to create user interfaces customers will come back to.
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The Lessons Shawn Mendes Can Teach Marketers It was the cover artwork he chose for "What the Hell Are We Dying For?" that truly caught people's attention.
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Walmart's internal generative AI tool GenAI Playground allows associates to explore the technology while keeping company data safe.
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CPI Report Shows Inflation Has Been Cut in Half

Wall Street Journal - 13 Jun 2023 14:49
CPI Report Shows Inflation Has Been Cut in Half The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June and down from April's 4.9% increase.
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Crisp & Green: Raising Its Profile With Its New York City Store Now Crisp & Green, which launched in 2016, is competing directly with Sweetgreen's and Just Salad, two larger salad chains, that have carved out their niche in the Big Apple.
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Consumer prices rose a scant 0.1% in May and could cement a decision by the Federal Reserve to "skip" an increase in interest rates.
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Inflation Fell To 4% In May--Lowest Reading In More Than Two Years Inflation is nowhere near its 9.1% peak from a year ago--but it's still well above the Fed's historical target of 2%.
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BP Refinery Suffered Cascade of Malfunctions Before Fatal Explosion In a preliminary report, government investigators cite the repercussions of keeping the Ohio plant running in the hours before two brothers were killed.
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Accenture Will Invest $3 Billion to Expand Its A.I. Offerings

The New York Times - 13 Jun 2023 14:02
Accenture Will Invest $3 Billion to Expand Its A.I. Offerings The consulting firm is the latest to invest heavily in artificial intelligence, even as big businesses grapple with the potential fallout from the technology.
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OPEC Production Slumps as Voluntary Cuts Bite

Wall Street Journal - 13 Jun 2023 13:56
The group accelerated its efforts to tighten the oil market as a handful of the group's largest members sharply slashed output as planned.
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Fear of blockchain will have 'disastrous consequences' -- Ava Labs CEO testimony Gün Sirer says the U.S. "won the first wave of the internet revolution" because it enabled responsible innovation. Now, it must do the same with blockchain.
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Ripple CEO: Hinman docs are 'well worth the wait'

Coin Telegraph - 13 Jun 2023 03:20
Ripple CEO: Hinman docs are 'well worth the wait' Brad Garlinghouse hinted that the eagerly awaited Hinman documents, which detail internal deliberations by Securities and Exchange Commission staff, could tip the court battle in Ripple's favor.
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Shares of Tesla Inc. on Monday did something they have never done since going public 13 years ago, notching a 12th straight gain.
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Mbappé Reportedly Leaving Paris Saint-Germain By Next Summer--After Earning $120 Million Over Last Year Mbappé, one of soccer's top talents, will not renew his massive Paris St.-Germain contract next June, the New York Times reported.
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