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Off-price retailer Ross Stores saw “robust” comparable store sales growth in the fourth quarter, crediting the expansion in part to its success in drawing shoppers away from mainstream retailers.
The company’s comparable store sales were up 9% for the quarter ended Jan. 31, on top of a 3% gain during the same period the previous year, and its total sales rose 12%, according to a...
The manufacturing sector saw more economic activity in February, marking the second consecutive month of growth and only the third month of growth in the past 40 months, the Institute for Supply Management (ISM) said Tuesday (March 3).
The ISM Manufacturing PMI was gauged at 52.4% in February after reaching 52.6% in January, ISM said in a Tuesday press release.
A Manufacturing PMI...
Meta is building a new applied artificial intelligence engineering organization that will partner with the company’s Superintelligence Lab to make AI models faster, The Wall Street Journal reported Tuesday (March 3).
The new organization will include a team responsible for building interfaces and tooling, and another team focused on executing tasks, generating data and providing...
The federal government’s annual accounting of artificial intelligence use cases reflects a steady acceleration in adoption. Agencies across Washington have cataloged more than 2,500 AI applications, a sharp increase from prior inventories, as AI shifts from limited pilot programs into operational systems embedded in day-to-day government work.
The most recent consolidated federal...
The most consequential customer a brand will acquire in 2026 may never read a promotional email, react to a banner ad or feel the emotional pull of a well-crafted rewards tier.
It will be an artificial intelligence (AI) agent, querying product catalogs, comparing subscription value and executing purchases on behalf of a human who has already delegated the decision.
That structural...
Nvidia and a coalition of global telecom operators and infrastructure vendors announced a strategic commitment at the Mobile World Congress to build the next generation of wireless networks, 6G, on platforms that are open, secure and AI-native, signaling a shift in how future connectivity will be architected and deployed worldwide.
The initiative brings together major players including...
Tax season is turning up the heat on stablecoins, the only digital assets currently regulated in the U.S.
Tax season, after all, exposes weak recordkeeping and inconsistent classification. In the stablecoin context, it also forces clarity on income recognition, custody arrangements and asset segregation.
Even Tether, which has had past difficulties in securing and maintaining...
The Commodity Futures Trading Commission (CFTC) plans to allow perpetual futures contracts for cryptocurrencies within weeks, Bloomberg reported Tuesday (March 3).
The CFTC is doing so to help the United States recapture liquidity that has moved to platforms in Asia, Europe and the Bahamas, CFTC Chairman Michael Selig said Tuesday at the Milken Institute’s Future of Finance conference...
Amazon will soon begin rolling out a 15-minute delivery service for select goods in Brazil, saying the country is one of its top priorities, Reuters reported Tuesday (March 3).
The service, Amazon Now, was launched in Sao Paulo on Tuesday, will expand to seven other Brazilian cities by Monday (March 9), and will later expand to more cities, according to the report.
Amazon Now delivers...
Google highlighted an agentic artificial intelligence feature that will soon be added to its Gemini app Tuesday (March 3) when outlining new features of its Pixel smartphones.
In a Tuesday blog post announcing the latest features, Michal Levin, director, product management, wrote: “Let Gemini handle your busy work. From ordering groceries to booking a rideshare service to reordering...