Rite Aid emerges from bankruptcy and appoints Matt Schroeder as CEO
Rite Aid has announced a change in leadership as it turns out from Chapter 11 bankruptcy. Jeffrey S. Stein has resigned as CEO and Chief Restructuring Officerwhile the Company’s Executive Vice President and Chief Financial Officer, Matt Schroederwas appointed CEO,…
Visa launches advisory service for money transfer industry
Visa has launched a service to help customers navigate the $200 trillion money movement sector. The payments giant’s Money Movement Advisory Practice – announced on Tuesday (August 27) for customers in the US and Canada – is a value-added service…
Meta finishes work on a premium mixed reality headset
Meta has reportedly stopped working on developing a premium mixed reality headset after Apple struggled to sell its own expensive offering in the category. After Meta planned to launch a new product to compete with Apple’s Vision Pro, the company…
Amazon expands grocery delivery subscription to include annual plan
Amazon has expanded its grocery delivery subscription service by adding an annual plan for Prime members and extending its discounted subscription to all Prime Access members. These new offerings build on the success of the grocery subscription since its launch…
GM streamlines software and service division and lays off 1,000 employees
General Motors laid off over 1,000 employees in the software and services division, which specializes in infotainment, OnStarSubscriptions and other new features. The employees affected by the layoffs were notified on Monday (August 19), CNBC reportedciting unnamed sources. GM confirmed…
Recession appears less likely according to labor market/sales reports
Economists at Goldman Sachs have reduced the likelihood of a recession in the United States. As Bloomberg News reported On Saturday (August 17), the banking giant estimated that an economic downturn could occur based on the latest data on retail…
8 months after 2024, 132,000 layoffs will be made in the tech industry
This year promises to be a painful year for people working in the technology industry. As Seeking Alpha noted in a report on Sunday (August 18), layoffs in the technology sector have accelerated this month. Cisco And Intel Announcement of…
Worldcoin’s iris scanning technology faces resistance worldwide
“Once someone has your specific iris image, you will never have the opportunity to remain anonymous.” That is Michael WillHead of the Bavarian Data Protection Authority, spoke to the Wall Street Journal (WSJ) on Sunday (18 August) about concerns about…
Successful startups work in offices
Former Google CEO and Managing Director Chair Eric Schmidt is reportedly not a fan of remote work. In a speech to students at Stanford University, Schmidt said Google’s remote work offering had caused the company to fall behind in the…
Apple gives third parties access to tap-and-go payment technology
Apple says it will give developers access to its Near Field Communication (NFC) technology. “Starting with iOS 18.1, developers can offer contactless NFC transactions using the Secure Element within their own apps on iPhone, separate from Apple Pay and Apple…
