LoanDepot’s earnings showed growth in loan originations as interest rates fell, homebuyers looked to refinance, and the housing market has entered what management termed a more normalized environment. The company returned to profitability for the first time since the fourth quarter of 2022 and introduced...
The mall, once seen as a relic of a bygone retail era, is once again gaining relevance — especially as younger consumers rediscover its value, according to David Simon, CEO of real estate investment trust Simon Property Group. “The mall continues to be a unique gathering...
In its Q3 earnings call on Tuesday (Nov. 5), Yum! Brands pointed to the more than 2 million orders through voice AI at its Taco Bell restaurants as an example of how its brands use tech to reach consumers. Yum! Brands is the parent company...
Digital transformation holds promise for banks, but it could also give them pause. The traditional route, upgrading legacy systems and on-premise technology — going it alone, so to speak — is rife with friction and heavy upfront investment. There’s a long runway in tailoring online...
October 31, 2024
Apple outlined its artificial intelligence (AI) strategy during Thursday’s earnings call, announcing December plans for ChatGPT integration and expanded language support for its recently launched Apple Intelligence system. The company reported $94.9 billion in quarterly revenue. The announcements follow Monday’s release of Apple Intelligence, which introduced AI-powered writing tools and photo features. CEO Tim Cook […]
October 31, 2024
In the auto parts and retail industry, companies face unique challenges and opportunities as they respond to changing consumer preferences and economic pressures. Recent third-quarter financial results from CarParts.com and...
October 30, 2024
The old saying is you’ve got to spend money to make money. For Meta, notching a third quarter earnings report with record revenues, the fact remains that the long-term artificial...
October 29, 2024
With its transaction growth rates slowing and less-than-expected revenue guidance for the balance of the year, PayPal focused on its repositioning from a peer-to-peer pioneer to a two-sided payments technology...
November 05, 2024
Card issuing platform Marqeta touted its upcoming collaborations — including a launch with VisaFlex Credential this week — during its third-quarter earnings call on Monday (Nov. 4). The company missed analysts’ expectations, and Wall Street punished its stock, dropping the price almost 32% in trading throughout the day. Despite the earnings miss, company officials told […]
November 04, 2024
The New York Times has reportedly seen digital subscriptions slow amid weakened consumer spending. The media company added 260,000 digital-only subscribers during its third quarter, down from 300,000 in the...
November 01, 2024
Apple shares dipped early Friday (Nov. 1) as investors remained uncertain about the prospects for the company’s rollout of artificial intelligence features. Apple gave guidance Thursday (Oct. 31) for low-...
October 31, 2024
Microsoft’s artificial intelligence (AI) initiatives are delivering unprecedented growth, with the company announcing its AI business is on track to surpass $10 billion in annual revenue run rate next quarter,...
