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Business News

Location American Business News for 1 August 2024
Live Nation's results should settle concerns about concert demand, analysts say Concerns have grown about concert-ticket sales. But Ticketmaster parent and concert-industry giant Live Nation Entertainment Inc. is seeing none of it.
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Mercari Connects U.S. Marketplace to Sellers in Japan, Opens First Store in LA 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...
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Major furniture chain Badcock to shut all its stores after 120 years Badcock Home Furniture & More, which has stores throughout the south, announced a "going out of business" sale Tuesday.
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Fed's Powell puts September rate cut on the table, but doesn't say much about what comes next Federal Reserve Chair Jerome Powell on Wednesday put a "heavy thumb" on the scale regarding an interest-rate cut coming as soon as the next policy meeting in September, but when asked about what comes next, he did not sa...
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Freight demand is weak, but cost cuts help C.H. Robinson boost profits. Shares are rallying. Shares of shipping logistics provider C.H. Robinson Worldwide Inc. rallied on Wednesday after the company reported a second-quarter adjusted profit that topped Wall Street's estimates, helped by tighter operations in its...
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Family Dollar Seeks to Optimize Customer-Centric Assortments

Retail Touch Points - 1 Aug 2024 16:23
Family Dollar Seeks to Optimize Customer-Centric Assortments 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...
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Productivity Surges 2.3%, Beating Forecasts

The New York Times - 1 Aug 2024 15:58
Productivity Surges 2.3%, Beating Forecasts Output was up sharply in the second quarter, with the rise in goods produced far exceeding the increase in hours worked.
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Jobless claims jump to nearly one-year high of 249,000 -- but it's not as bad as it looks The number of Americans who applied for unemployment benefits last week jumped to a nearly one-year high of 249,000, but the part of the increase was tied to annual auto-plant shutdowns and the details of the report were...
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Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom MetaDAO, a Solana experiment in governance by "futarchy," raised a total of $2.2 million to fund operations.
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Bitcoin miner Riot Platforms miss estimates with wider Q2 loss Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin.
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While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run.
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Carvana expects 2024 to be a record year for the used-car retailer, including adjusted EBITDA of between $1 billion and $1.2 billion.
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Coinbase warns of 'modest headwinds' ahead, as it pursues mainstream adoption Coinbase Global Inc. on Thursday reported second-quarter sales that beat Wall Street's expectations, but the cryptocurrency exchange warned of "modest headwinds" in the third quarter
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Sports streaming bundle Venu will cost $43 a month as it woos younger viewers The sports bundle will offer live sports coverage from 14 different channels.
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Amazon Shares Slide as Spending Surges and Revenue Outlook Disappoints The company projected weaker-than-expected revenue growth and said it would continue to ratchet up spending to meet anticipated demand for artificial-intelligence services.
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Disney Closes Upfront With Sports and Streaming Driving Growth 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. ...
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Intel will say goodbye to 15,000 employees, cut capital expenditures and forgo a fourth-quarter dividend following weak results and quarterly guidance.
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Beyond fun and interesting demos and experiments, will it make ChatGPT more useful or appealing to a wider audience?
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Roku benefits from 'focus on value' as it narrows quarterly loss Roku said that the number of its streaming households rose 14% to 83.6 million, and the number of streaming hours was up 20% to 30.1 billion hours in the quarter.
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To develop Whisper-Medusa speech recognition model, aiOla modified Whisper's architecture to add a multi-head attention mechanism.
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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.
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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,...
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