Business News
Live Nation's results should settle concerns about concert demand, analysts say
Market Watch - 1 Aug 2024 01:17Mercari Connects U.S. Marketplace to Sellers in Japan, Opens First Store in LA
Retail Touch Points - 1 Aug 2024 16:37
Peer-to-peer resale marketplace Mercari has opened its U.S. platform to sellers from Japan and also has opened its first-ever physical store, on Melrose Avenue in Los Angeles. The Mercari on Melrose pop-up offers an enga...
Major furniture chain Badcock to shut all its stores after 120 years
New York Post - 1 Aug 2024 16:44
Badcock Home Furniture & More, which has stores throughout the south, announced a "going out of business" sale Tuesday.
Fed's Powell puts September rate cut on the table, but doesn't say much about what comes next
Market Watch - 1 Aug 2024 01:06Freight demand is weak, but cost cuts help C.H. Robinson boost profits. Shares are rallying.
Market Watch - 1 Aug 2024 00:18Family Dollar Seeks to Optimize Customer-Centric Assortments
Retail Touch Points - 1 Aug 2024 16:23
Family Dollar has partnered with First Insight to refine its merchandise assortment strategy using the solution's predictive analytics and actionable data. The deployment is designed to reduce the risk of markdowns and s...
Productivity Surges 2.3%, Beating Forecasts
The New York Times - 1 Aug 2024 15:58
Output was up sharply in the second quarter, with the rise in goods produced far exceeding the increase in hours worked.
Jobless claims jump to nearly one-year high of 249,000 -- but it's not as bad as it looks
Market Watch - 1 Aug 2024 15:22Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom
Coin Desk - 1 Aug 2024 15:00
MetaDAO, a Solana experiment in governance by "futarchy," raised a total of $2.2 million to fund operations.
Bitcoin miner Riot Platforms miss estimates with wider Q2 loss
Coin Telegraph - 1 Aug 2024 02:08
Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin.
Meta shows aggressive spending on AI is already paying off in big earnings beat
CNBC - 1 Aug 2024 01:13
While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run.
Carvana beats Wall Street's second-quarter expectations, guides toward record year
CNBC - 1 Aug 2024 00:47
Carvana expects 2024 to be a record year for the used-car retailer, including adjusted EBITDA of between $1 billion and $1.2 billion.
Coinbase warns of 'modest headwinds' ahead, as it pursues mainstream adoption
Market Watch - 1 Aug 2024 23:58Sports streaming bundle Venu will cost $43 a month as it woos younger viewers
New York Post - 1 Aug 2024 23:43
The sports bundle will offer live sports coverage from 14 different channels.
Amazon Shares Slide as Spending Surges and Revenue Outlook Disappoints
Wall Street Journal - 1 Aug 2024 23:38Disney Closes Upfront With Sports and Streaming Driving Growth
AdWeek - 1 Aug 2024 23:36
Following a star-studded event in May, Disney has wrapped its upfront negotiations. The entertainment media company saw the overall revenue and volume of its commitments grow 5% year over year, according to the company. ...
Intel to cut 15% of workforce, reports quarterly guidance miss
CNBC - 1 Aug 2024 23:34
Intel will say goodbye to 15,000 employees, cut capital expenditures and forgo a fourth-quarter dividend following weak results and quarterly guidance.
'Uncanny': ChatGPT's Advanced Voice Mode is blowing minds
Venture Beat - 1 Aug 2024 23:33
Beyond fun and interesting demos and experiments, will it make ChatGPT more useful or appealing to a wider audience?
Roku benefits from 'focus on value' as it narrows quarterly loss
Market Watch - 1 Aug 2024 23:33aiOla drops ultra-fast 'multi-head' speech recognition model, beats OpenAI Whisper
Venture Beat - 1 Aug 2024 23:24
To develop Whisper-Medusa speech recognition model, aiOla modified Whisper's architecture to add a multi-head attention mechanism.
Stable Diffusion creators launch Black Forest Labs, secure $31M for FLUX.1 AI image generator
Venture Beat - 1 Aug 2024 22:52
Black Forest Labs launches FLUX.1, an open-source AI image generation model, securing $31M in funding and challenging industry giants with its innovative approach to accessible, high-quality visual AI.
Native AI and Nichefire partner to capture the total lifecycle of consumer trends
Venture Beat - 1 Aug 2024 22:32
CONTRIBUTOR CONTENT: Native AI, a leader in consumer purchase feedback and GenAI Digital Twins of consumers, has partnered with Nichefire, a leader in cultural listening, to help businesses identify and predict consumer,...