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Asian Stocks Rise After Wall St Slips Closer to Bear Market

Retailers and other companies that rely on direct consumer spending mostly rose.

Sony Readies for Metaverse Revolution with Cross-Platform Push

Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds.

Tesla Recalls Nearly 130K Vehicles Due To Overheating Infotainment System

Tesla has issued seven recalls this year for the 2022 Model 3 and six for the 2022 Model Y, all of which have been addressed with over-the-air software updates.

Coinbase Launches NFT Marketplace In Hopes Of Appealing To Crypto And Mainstream Users

It might be a good morning — or perhaps “gm” — for the hundreds of thousands of NFT community members who will now get another marketplace to trade their digital collectibles. Six months ago, Coinbase, the largest crypto exchange in the U.S. by volume, announced that it was launching an NFT marketplace, but provided few […]

How Generation Z Feels About Credit Cards

Generation Z is rather cautious about using credit facilities offered by financial institutions and banks. The fear of spending money they do not have drives their hesitancy.  Trendy schemes like Buy Now Pay Later do not appeal to them much, because they rather only buy something if they know they can afford it.  That debt-wary […]

Gas Prices Are Creeping Higher Again

Prices at the pump have stopped falling from their recent highs — and some forecasters are warning of another uptick as the summer driving season looms and the war in Ukraine continues. After a slow-but-steady decline, the national average price for regular gasoline bottomed out at $4.07 a gallon last week, according to AAA. Since […]

Bank Of America CEO Says Spending Is Healthy Despite Roaring Inflation

Bank of America CEO Brian Moynihan told CNBC’s Jim Cramer on Tuesday that Americans are spending heartily, even as inflation continues to roil the economy. “In March ’22 versus March ’21, the consumer … spent about 13% more than they did last year,” Moynihan said Tuesday in an interview on “Mad Money.” “But importantly, in […]

Netflix Shares Crater 25% After Company Reports It Lost Subscribers For The First Time In More Than 10 Years

Netflix on Tuesday reported a loss of 200,000 subscribers during the first quarter — its first decline in paid users in more than a decade — and warned of deepening trouble ahead. The company’s shares cratered more than 25% in extended hours after the report on more than a full day’s worth of trading volume. […]

3⁄4 Of Businesses Manage Manual Accounting Across eCommerce Platforms

With the proliferation of new payment and sales apps, the lack of data standards, and the ongoing labor shortage, the accounting industry is at a tipping point. Three-quarters of businesses in a new quantitative analysis report that eCommerce platforms have created additional manual bookkeeping work, with firms estimating that these extra processing steps cost them […]

China’s Economy Had A Good First Quarter. Lockdowns Leave It ‘In Distress’

China’s economy made a solid start to the year, recording first-quarter growth that surpassed expectations. But a recent slump in consumer spending and rising unemployment suggest much tougher months ahead with dozens of cities still under COVID-19 lockdowns. China’s gross domestic product grew 4.8% in the three months to March 31, compared with the same […]

Market Will Break Out Of Slump Due To Peaking Inflation, Evercore ISI Predicts

The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell together: 1994. “The market just sort of digested it, and there was a lot of sideways […]

5 Strategies To Optimize Financial And Operating Models

Organizations of all sizes and across all industries are looking to disrupt their markets with non-traditional digital, subscription, project, and service-based business models.  With the introduction of service-based business models, companies can create renewable and predictable revenue. These new models can build loyal, long-term relationships with customers by engaging customers in new ways.  Microsoft Dynamics […]