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News
As retail stagnates, ad dollars help Walmart stay the course
1+ hour, 41+ min ago (614+ words) By Nicholas P. Brown and Juveria Tabassum Aug 18 (Reuters) – As Walmart’s same-store sales growth has leveled off and a cautious annual outlook dented its stock, investors are increasingly looking to the retailer’s advertising business to support profits. Walmart Connect has helped…...
Rise of AI shopping pushes merchants to protect loyalty, Adyen says
5+ day, 2+ hour ago (336+ words) By Leo Marchandon and Gianluca Lo Nostro Aug 13 (Reuters) – The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more direct customer relationships over fears of losing their loyalty and repeated purchases, payments firm Adyen said…...
Trading platform eToro beats profit estimates, targets US growth with TradeZero buy
6+ day, 23+ hour ago (309+ words) Aug 11 (Reuters) – Trading platform eToro beat Wall Street estimates for second-quarter profit on Tuesday and said it would buy rival TradeZero in a cash-and-stock deal worth up to $231 million, as it looks to accelerate its expansion in the U.S....
GameStop weighing withdrawal of eBay bid, Bloomberg News reports
1+ week, 23+ hour ago (95+ words) Aug 10 (Reuters) - GameStop CEO Ryan Cohen is considering withdrawing the company's $56 billion bid for eBay, Bloomberg News reported on Monday, citing people familiar with the matter. GameStop did not immediately respond to a Reuters re... GameStop weighing withdrawal of eBay…...
Retailers tap AI shopping traffic but fight to keep customer data
1+ week, 4+ day ago (633+ words) NEW YORK, Aug 7 (Reuters) – As shoppers increasingly turn to ChatGPT and Google’s Gemini for product recommendations, retailers are racing to appear in chatbot results while resisting efforts to cede customer data that underpin online sales. Growing online traffic from AI…...
MercadoLibre’s net profit beats estimates despite third straight decline
1+ week, 5+ day ago (404+ words) SAO PAULO, Aug 5 (Reuters) – MercadoLibre on Wednesday posted an about-11% fall in its second-quarter net profit from a year earlier, hit by free shipping investments, but above estimates given record revenue and growth of customers who simultaneously use its two…...
Etsy lays off 12% of worker as part of restructuring plan
1+ week, 5+ day ago (274+ words) NEW YORK, NY, Aug 5 (Reuters) – Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12% of its workforce, as part of a restructuring plan it hopes will “improve coordination and speed of decision-making,” the company said in a U.S....
Canada’s Shopify forecasts revenue above estimates, shares surge
1+ week, 5+ day ago (342+ words) Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services, sending its U.S.-listed shares up 26% premarket. The company’s solid outlook…...
Pinterest expects slower quarterly revenue growth as ad competition heats up
1+ week, 6+ day ago (290+ words) Aug 4 (Reuters) – Image-sharing platform Pinterest forecast slower revenue growth for the third quarter on Tuesday, signaling tough competition for digital advertising from bigger players including Meta’s Instagram, sending its shares down 6% in extended trading. Pinterest has been expanding Performance+, its…...
South Korea fines KT Corp $37.4 million for personal data leak, panel says | Conservative Talk - Freedom 95.9
2+ week, 5+ day ago (142+ words) SEOUL, July 30 (Reuters) – South Korea’s Personal Information Protection Commission has fined telecoms company KT Corp 54 billion won ($37.43 million) for a leak of customer personal information, the commission said on Thursday. Hackers stole more than 16,600 KT mobile service customers’ personal data…...