Economy

Economy
Economy

T-Mobile pushes back on SpaceX’s bid to take its customers

T-Mobile Chief Technology Officer John Saw is weighing in on SpaceX’s latest move to turn its satellite-to-mobile service, Starlink Mobile, into a major wireless carrier. On Oct. 8, SpaceX announced in a press release an agreement to acquire nationwide low-band spectrum licenses covering up to 14 megahertz of paired spectrum in the 800 MHz band.

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Economy

Getty Images prepares to file for Chapter 11 bankruptcy

Founded in Seattle in 1995 by Jonathan Klein and Mark Getty, what would eventually grow into the visual media platform Getty Images was at the front lines of moving the photo industry almost entirely online. By rapidly acquiring various photo archives and agencies, Getty Images became the most accessible platform for the millions of media

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Economy

Walmart’s billion-dollar robot push runs into trouble

Walmart has invested billions of dollars in warehouse automation, hoping robots will help move merchandise faster, improve product availability, and reduce operating costs. But as the retail giant expands the technology across its supply chain, technical failures and rising expenses are complicating the transition. The challenge is significant for a company that relies on a

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Economy

eBay doubles down on surging customer behavior to drive holiday shopping

I’ve written about eBay Inc. (EBAY) a lot this year, mostly about the rejected bid from GameStop Corp. (GME) to buy it. The bigger eBay story was unfolding inside its app. If you’ve opened eBay lately, you may have noticed livestreams are easier to find. In July, eBay dropped the invite-only rule for eBay Live,

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Economy

Harvey Nichols closes more stores as others are rebranded

After years of financial losses, Harvey Nichols has a new owner promising to turn around the struggling luxury retailer. But the takeover has not stopped more store closures and rebranding plans. Several locations are now set to shut down or be converted to another retail brand as the new owner reshapes the business. Founded in

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Economy

Levi’s CEO admits the company missed the biggest jeans trend of the year

Fashion runs in cycles. The hard part, for shoppers and for the companies selling to them, is guessing when what’s old becomes new again. For most of the past decade, high-waisted jeans owned the denim aisle. The low-rise jean, a fixture of early-2000s style, spent those years as a punchline. That changed quickly this year.

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Economy

Grocery Cart Price Check: How Publix, Walmart, and Aldi compare

Americans have changed how they shop for groceries because of higher prices at the supermarket, along with rising gas prices and other climbing costs. “Price pressure has fundamentally altered consumer behavior and eroded traditional brand loyalty. Instead of simply absorbing higher costs, shoppers are comparing stores, seeking promotions, and reconsidering purchases to stretch household budgets,”

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Economy

Travel company serving American Airlines will shut down, liquidate after 15 years

As technology continues to decrease the need for secondary travel booking services and economic fluctuations cause many people to watch their spending more carefully, the travel agency business faces real challenges. The United Kingdom, a country that once had a very high number of travel agencies due to a strong travel culture and a national

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Economy

Best Buy takes the fight to Amazon and Walmart

A lot of the items I used to buy at Best Buy either no longer require a trip to the store or can be purchased from Amazon with next-day shipping. I used to, for example, visit the electronics giant to browse for video games. They had all the latest games on display, and even had

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Economy

AI Is Deciding What You Pay for Groceries — And It Knows You

Is artificial intelligence quietly deciding what you pay for groceries? In this episode, we sit down with Dr. Sylvain Charlebois — Professor and Director of the Agri-Food Analytics Lab at Dalhousie University, widely known as “The Food Professor” — to unpack the rise of surveillance pricing. Transcript: Jeffrey Snyder, Broadcast Retirement Network Well, Dr. Charlebois,

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