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With tariffs threatening to raise prices, creditors that lend to the retail space are reportedly worried.
That’s according to a report Saturday (May 3) from Bloomberg News, which cited the example of Saks Global Enterprises.
That department store chain’s creditors were already concerned, even before Saks announced plans to raise more debt, as its notes that mature in 2029 had dropped by 40% in...
Skype, the blue bubble that once connected continents and conference rooms with a single click, will fall silent for good on Monday (May 5). For millions who remember the iconic ringtone and the thrill of seeing a loved one’s pixelated face appear on screen, the news lands with a bittersweet pang: after more than two decades, Microsoft is retiring Skype, the original king of internet calls.
The...
Amazon has rolled out Alexa+, the new version of its voice assistant, to more than 100,000 users so far, Amazon CEO Andy Jassy said Thursday (May 1) during the company’s quarterly earnings call.
Alexa+ will be made available to more users in the coming months, Jassy said. It is now starting to roll out in the U.S. and will be expanded to other countries later this year.
The new version of the...
Apple and Anthropic have reportedly partnered to create a platform that will use artificial intelligence (AI) to write, edit and test code for programmers.
Apple has started rolling out the coding software to its own engineers, Bloomberg reported Friday (May 2). The company hasn’t decided whether to make it available to third-party app developers.
The tool generates code or alterations in...
Temu has reportedly stopped shipping products from China directly to U.S. consumers due to the elimination of the de minimis exemption that had shielded small packages from U.S. tariffs.
“This shift is part of Temu’s ongoing adjustments to improve service levels,” a Temu spokesperson told the Wall Street Journal (WSJ) in a report posted Friday (May 2).
This marks a “dramatic shift” in the company...
For several years, Apple has been leveraging its hardware and services to forge an ecosystem, as phones, tablets and computers are an on-ramp to higher margin subscriptions, streaming and apps.
This week, the company posted earnings that showed headwinds to its top-line growth (to 5% on a consolidated basis). The services businesses grew by 11.6%, to $26.6 billion, outpacing the 2.6% gains seen...
The efforts of third-party sellers on platforms like Amazon to stock up on goods to avoid the cost of tariffs will reportedly work for only a limited time.
Because shoppers are also buying ahead to avoid the impact of tariffs, merchants will eventually sell down their inventory, place new orders, and be faced with the challenge of trying to avoid price increases, Reuters reported Friday (May 2)....
The first publicly traded bitcoin financial services company rang the Nasdaq opening bell on Friday (May 2).
The invitation given to Fold Holdings Inc. is just one signal among many, that, in a span of just a few months, cryptocurrency has entered a new phase of mainstream financial adoption.
And it’s just scratching the surface of a week that also saw the Arizona State Legislature move to the...
Acquired.com joined 30 other organizations in a collective effort to create a new company that will work to establish and serve as a central operator for commercial variable recurring payments in the United Kingdom.
Commercial variable recurring payments are a new payment method that enables customers to authorize third-party providers to initiate payments of varying amounts from their bank...
Spotify said Friday (May 2) that Apple approved a U.S. app update that Spotify submitted Thursday (May 1) after a court ruling in the lawsuit Epic Games brought against Apple.
“After nearly a decade, this will finally allow us to freely show clear pricing information and links to purchase, fostering transparency and choice for U.S. consumers,” Spotify News said in a Friday post on social platform...