Retailers report modest gains for April Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
Sears Didn't Move Fast Enough, CEO Says Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting. More
J.C. Penney ad apologizes to customers The ad comes after the Plano, Texas-based company last month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor Mike Ullman. Johnson's ambitious changes included getting rid of most sales and bringing in new, hip brands. More
Discover Pushes PayPal Payments; First Data Holds Out Discover makes headway in bringing eBay's online-payments service to physical retailers, but First Data, one of the country's largest merchant processors, has opted not to support the service. More
J.C. Penney launches new plan to save customers up to $500 million J.C. Penney is also revamping its credit card program; cardholders will now earn 1.5 CashPass points for every $1 spent at the store, earn a $10 CashPass Reward when they spend $133, and new ... 04/20/2024 - 5:29 am | View Link
Why J.C. Penney’s loyalty program is the next step in its $1B turnaround plan Chief Customer Officer Katie Mullen explains how the retailer's revamped program will deliver value to consumers and boost first-party data reserves. 04/16/2024 - 10:53 pm | View Link
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TikTok’s Beijing-based owner ByteDance tightened its grip over its US operations over the past two years, according to company insiders, even as momentum to ban the short-video app grew in Washington.
The US government passed legislation this week aimed at forcing TikTok to divest from its parent or face a countrywide ban, but prising the viral video app from its $268 billion parent company would present a formidable challenge.
More than two dozen current and former employees told the Financial Times that TikTok has only become more deeply interwoven with ByteDance as tensions over the app’s ownership escalated.
Enlarge / The author tries not to crash a lunar rover. (credit: Eric Berger)
As a SpaceX engineer working on the Starship program about five years ago, Jaret Matthews could see the future of spaceflight quite clearly and began to imagine the possibilities.
For decades everything that went to space had to be carefully measured, optimized for mass, and serve an extremely specialized purpose.
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Qualcomm’s Snapdragon X series of chips promises to be the company’s first that can go toe-to-toe with Apple Silicon, and the PC ecosystem is reacting accordingly. Microsoft reportedly plans for the Arm version of its next Surface tablet to be the flagship, and major apps like Chrome and Dropbox have recently released Arm-native Windows versions for the first time.
Ahead of the chips' launch late this year, Qualcomm announced a new lower-end model destined for cheaper devices.
Colorado lawmakers have passed new legislation in a years-long effort to curb foreclosures by homeowners associations and metropolitan districts that are based on unpaid fines and fees.
The reform bills — including one for metro districts that’s already been signed into law — have aimed to create new regulations for HOAs and metro districts by restricting foreclosure filings of the kind that hit thousands of homeowners in recent years.
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“Gadgets aren’t fun anymore,” sighed my wife, watching me tap away on my Palm Zire 72 as she sat on the couch with her MacBook Air, an iPhone, and an Apple Watch.
And it’s true: The smartphone has all but eliminated entire classes of gadgets, from point-and-shoot cameras to MP3 players, GPS maps, and even flashlights.
By WYATTE GRANTHAM-PHILIPS (AP Business Writer)
NEW YORK (AP) — Legislation forcing TikTok’s parent company to sell the video-sharing platform or face a ban in the U. S. received President Joe Biden’s official signoff Wednesday. But the newly minted law could be in for an uphill battle in court.
Critics of the sell-or-be-banned ultimatum argue it violates TikTok users’ First Amendment rights.