Costco Reports Rise in Discretionary Item Sales
Costco sees rise in discretionary item sales as inflation stabilizes. eCommerce sales increased by 20.7%, driving overall growth. Kirkland Signature…
Nike Layoffs Impact Archives Department
Nike lays off archival team members amid restructuring. Layoffs part of a plan to cut 2% of global workforce. Nike…
TikTok Denies Developing US-Only Algorithm
TikTok has refuted claims regarding the creation of a separate recommendation algorithm for its U.S. users, responding directly to a…
Walmart Hosts Exclusive Walmart+ Week Event
Walmart+ Week scheduled for June 17 to 23. Exclusive offers include discounts on fuel and travel-related purchases. Event strategically timed…
Coinbase Adapts to Market Changes by Diversifying Revenue
Digital assets are moving toward mainstream acceptance. Coinbase's trading volumes have seen a significant decline. The company diversifies revenue to…
Wyden Demands Investigation of UnitedHealth Cyberattack
Sen. Wyden urges investigation into UnitedHealth Group cyberattack. Lack of multifactor authentication cited as a preventable factor. Legislation introduced to…
Bank of America CEO Warns of Spending Slowdown
Moynihan reports reduced consumer and business spending. Consumer spending growth dropped to 3.5% this year. Businesses are cautious with investments…
Costco Surpasses Revenue Expectations
Costco exceeds third-quarter revenue expectations. Value-driven consumers propel strong sales growth. Foot traffic and online sales see significant increases.
Nordstrom Boosts Loyalty with In-Person Events
Nordstrom enhances loyalty with personalized in-person events. Digital sales show continuous improvement, accounting for 34% of total sales. Nordstrom Rack's…
Tech Companies Report Strong Q1 2024 Earnings Amid AI Demand
Tech firms report strong Q1 2024 earnings due to AI demand. C3.ai, HP, and nCino standout with impressive growth metrics.…
