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☆ Instacart grew sales, but has lost ground to Costco and Sam's Club's in-house delivery options as more grocers go at e-commerce alone, report finds
▼ + stars: | 2022-10-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Instacart's sales grew slower than those of delivery options offered by retailers it works with. Instacart's grocery-delivery sales grew over the past year, but not as fast as sales through in-house options at some of the retailers it works with. E-commerce sales through Walmart's Sam's Club grew by 5.5%. Such sales grew by 80.7% at Costco and by 9.3% at the Texas-based chain HEB. "They have brands that they like, and if they offer that delivery service, they're very likely to go to that brand."

☆ Think mortgage rates are high now? Homebuyers in the 1980s were paying 19%
▼ + stars: | 2022-09-29 | by ( Anna Bahney | ) edition.cnn.com time to read: +6 min

Think mortgage rates are high now? The average mortgage rate is based on a survey of conventional home purchase loans for borrowers who put 20% down and have excellent credit. By the mid-1980s though, mortgage rates had fallen somewhat, making financing more affordable, even with rates near 10%. That secondary market makes it profitable for lenders to give loans to many more people, and at lower interest rates. “I remember when interest rates went to single digits and saying, ‘I thought that would never happen.’”

☆ Tensions rise in West Coast port labor battles, with unions and management trading accusations
▼ + stars: | 2022-09-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Tensions are rising in West Coast port labor battles as unions and port management trade accusations about worker productivity and the awarding of job assignments. Jerome Roberts, GVP of marketing at supply chain consulting company Blume Global, told CNBC the one shift protest had no lasting productivity impact. Logistics companies fear the latest round of accusations will only increase tensions for a supply chain and national port infrastructure already dealing with multiple labor concerns. Project44, which also collects and analyzes port productivity for the CNBC Supply Chain Heat Map, has tracked some recent issues at Seattle operations. Container dwell times at the Port of Oakland have been improving over the month of September, according to Josh Brazil, vice president of supply chain insights at Project44.

☆ A new wave of UK port labor strikes begins, with 'massive impact' for Christmas supply chain
▼ + stars: | 2022-09-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. The shop stewards who represent union workers accepted Peel Ports request for a meeting at the union office on Tuesday. Supply chain impact from second round of U.K. strikesThe latest development comes amid mounting labor issues linked to inflation at U.K. ports, with workers at the nation's largest port, Felixstowe, beginning another strike this week after one in August. "Unite made it clear that until they have reached their goals these waves of strikes will continue which will have a massive impact on the Christmas business and supply." The CNBC Supply Chain Heat Map shows the present situation at the ports.

☆ How AI service startup Aisera is helping companies embrace machine learning to automate tasks
▼ + stars: | 2022-09-27 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

His startup, Aisera, uses machine learning and natural language processing to resolve customer service, IT, sales, and operations problems by integrating with a host of enterprise applications like Zendesk, Salesforce, Amazon Web Services, and ServiceNow. The startup also offers a conversational AI service, or a chat service, in multiple languages that is meant to quickly resolve certain issues. Funding for AI, machine learning, and data analysis grew to $115 billion in 2021, according to PitchBook data. For example, Dave uses Aisera's conversational AI for its around-the-clock customer service, allowing the startup to resolve customer questions before handing off to a human if the question is more complicated. "Thanks to Shelly, Chegg's global service desk technicians can better focus on solving complex issues and proactive support."

☆ Rents Drop for First Time in Two Years After Climbing to Records
▼ + stars: | 2022-09-26 | by ( Will Parker | ) www.wsj.com time to read: 1 min

Apartment rents are falling from record highs across the U.S. for the first time in nearly two years, offering the prospect of relief to millions of tenants who have seen steep increases during the pandemic. August apartment asking rents nationally fell 0.1% from July, according to a report from property data company CoStar Group. It was the first monthly decline in rent since December 2020, the company said.

☆ New York is now the nation's busiest port in a historic tipping point for U.S.-bound trade
▼ + stars: | 2022-09-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

This comes as the flow of trade continues to move away from the West Coast with logistics managers worried about a labor strike or lockout. More East Coast trade, and more port congestionThe CNBC Supply Chain Heat Map for the U.S. shows how the continued increase in trade has East Coast ports and Gulf port as the winners in this movement of freight. Maritime prices fallingThe flow of trade away from the West Coast has decreased the demand for vessel space, leading Far East to West Coast maritime freight prices to fall. "Shippers are still bringing in a lot of containers, on the East Coast and West Coast and Gulf Coast as well." Shippers are still hesitant to return re-routed cargo to the U.S. West coast, Sand said.

☆ Stocks making the biggest moves midday: Novavax, Darden Restaurants, Eli Lilly and more
▼ + stars: | 2022-09-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Darden Restaurants — Shares of Olive Garden's parent company fell more than 4% after Darden's fiscal first-quarter results showed lighter-than-expected revenue. The company reported $1.56 in earnings per share on $2.45 billion of revenue. Eli Lilly — The pharmaceutical stock climbed 4.2% after UBS upgraded Eli Lilly to buy from neutral. KB Home – Shares of homebuilder KB Home slipped 4% after the company reported earnings that disappointed Wall Street's revenue expectations. The company reported $3.13 in adjusted earnings per share, below the $3.20 anticipated by analysts, according to Refinitiv.

☆ Here's an exclusive look at the 10-slide pitch deck commerce startup Fermat used to raise a $12 million supergiant seed round from Greylock
▼ + stars: | 2022-09-19 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +4 min

Fermat raised a $12 million seed round, led by Greylock and QED with participation from Courtside. With Fermat, brands can collaborate with influencers to embed shopping experiences directly into influencer content on any social media platform. However, with Fermat, influencers can access analytics to understand what types of content drives the most engagement and sales. Fermat's recent $12 million funding round is an example of a "supergiant" seed round, in which startups raise more than $10 million. Here's an exclusive look at the 10-slide pitch deck that influencer-driven commerce startup Fermat used to raise $12 million in seed funding from Greylock and QED.

☆ An Adderall shortage is forcing some people with ADHD to reduce their work responsibilities, report says
▼ + stars: | 2022-09-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Some retailers including Walgreens are facing problems getting enough Adderall, Bloomberg reported. The shortage has forced some people with ADHD to pare back their duties at work. "There are supply chain challenges with this drug," Walgreens spokesperson Rebekah Pajak told Bloomberg. Anthony Anderson told Bloomberg he too was struggling to maintain his productivity at work. Another person called Kyle told BuzzFeed he was concerned about how his work performance would be affected without Adderall.

☆ The US cities where home values are most likely to plummet in a recession
▼ + stars: | 2022-09-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

The report — published on Wednesday — is based on data from nearly 600 counties in the US. Nine counties around New York City were included in the top 50 most vulnerable. ATTOM spokesperson says a recession seems 'more likely' than getting inflation under control. On Wednesday, real estate data company, ATTOM Data Solutions, published its Special Housing Risk Report for the second quarter of 2022. The report listed nearly 600 US counties vulnerable to value decline, based on "home affordability, underwater mortgages, foreclosures and unemployment," the report says.

☆ TikTok is copying Facebook a year after Facebook copied TikTok
▼ + stars: | 2021-08-04 | by ( Katie Canales | ) www.businessinsider.com time to read: +2 min

TikTok is rolling out a Stories feature where users' videos will disappear after 24 hours. TikTok Stories shows how the largest tech platforms swipe ideas from each other, even amid scrutiny. They said TikTok is "experimenting with ways to give creators additional formats to bring their creative ideas to life for the TikTok community." Facebook took note — in August 2020, it debuted a TikTok copycat on Instagram, which it owns. Instagram Reels was the company's plan to compete with the ultra-popular app.

☆ The founder of $2.8 billion Getir explains why investors hope to find the next Uber among 10-minute grocery apps
▼ + stars: | 2021-05-01 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +10 min

Turkey's Getir recently hit an eye-watering $2.8 billion valuation for its grocery delivery service. The hot new consumer trend for venture capital investors is grocery apps that promise deliveries in as little as 10 minutes. Turkish grocery delivery app Getir bills itself as the original gangster. The amounts of cash flooding into the sector and the accompanying valuations are puzzling, given that grocery delivery is famously low margin. Insider: Running a grocery business is quite different to ride hailing.

☆ ОПРОС: Четыре партии проходят в парламент, если в ближайшее воскресенье состоятся досрочные выборы – Цензура МД
▼ + stars: | 2020-12-17 | by ( ) cenzura.md time to read: +1 min

Политика ОПРОС: Четыре партии проходят в парламент, если в ближайшее воскресенье состоятся досрочные выборыЧетыре партии проходят в парламент, если в ближайшее воскресенье состоятся досрочные выборы – это показывают данные опроса, проведенного и представленного Intelligent Data Company. При проведении досрочных выборов парламент состоял бы из 4 политформирований, а именно:Партия действия и солидарности – 37,4%ПСРМ – 32,8%Партия «Шор» – 13,3%Наша партия – 8%Остальные партии не смогут преодолеть избирательный порог. Авторы опроса отмечают, что среди упоминаний респондентов значилась и партия «PACE», которую возглавляет бывший полицейский Георгий Кавчалюк. В опросе приняли участие 1043 человека, которые были опрошены в период со 2 по 13 декабря. Погрешность при опросе составляет +/- 3%.

Persons: Георгий Кавчалюк Organizations: Data Company, PACE, выборыЧетыре партия, ПСРМ, Шор, воскресеньеПроцент

☆ Trump's most important 2016 donor is sitting out 2020
▼ + stars: | 2020-07-24 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +20 min

Robert and Rebekah Mercer ranked among President Donald Trump's most influential backers in 2016. A representative for Priorities USA Action, a leading pro-Biden super PAC, said the organization wasn't underestimating Trump's reelection forces, Mercers or no Mercers. (Bossie, like former Trump campaign manager Corey Lewandowski and many others, has recently found himself back in Trump's favor.) The Cambridge Analytica data that the Trump campaign paid for was "so stupidly wrong" and a "complete joke," Spicer added. But sources familiar with the Mercers' political spending said they have no evidence that the Mercers are doing so.

☆ The definitive story of how a controversial Florida businessman blew up MoviePass and burned hundreds of millions
▼ + stars: | 2019-09-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +28 min

In 2017, he became the CEO of data company Helios & Matheson Analytics. At that price MoviePass would start losing money when a subscriber used the service more than once a month. MoviePass CEO Mitch Lowe and Helios & Matheson CEO Ted Farnsworth after the company hit 1 million subscribers. The same day MoviePass reached 1 million subscribers, a milestone it hit faster than Netflix and Hulu. Related storiesTo draw a crowd, MoviePass blasted out an invitation to the Big Boi show to its then 2 million subscribers.

Persons: John Travolta, He'd, " Gotti, John Gotti, Travolta, Ted Farnsworth, Mitch Lowe, who'd, he'd, Farnsworth, Lowe, Gotti, Dave Kotinsky, Samantha Lee, Stacy Spikes, Spikes, Spikes wasn't, MoviePass, —, Ava DuVernay, Malcolm D, Lee, Hulu, Hamet Watt, Chance Yeh, He's balding, He's, Ted I, La Toya Jackson, couldn't, Matheson, Watt, Helios, Mitch, Ted, MoviePass swag, Dennis Rodman, Jerry Media, hite, Boi, ann u, abi l, tim e, red tha, ord, ul, hal, ove, flo, ann o, bec, lon, Jen, liv, dre Organizations: HBO, Manhattan's SVA, Helios, Matheson Analytics, Netflix, Matheson, MoviePass, SEC, Sony, Miramax, Loews Cineplex, Spotify, Pandora, AOL, True Ventures, Business, Ventures, AMC, Federal Communications Commission, Matheson's, Reuters, Hulu, Coachella Valley Music, Arts Festival, Jerry, acc, pla Locations: Manhattan's, MoviePass, Houston , Texas, San Francisco, America, New York, Florida, India, New, Palm Springs , California, Coachella, fes, ord, pla, Mo

☆ E-Commerce retailers are losing their customers because of this one critical mistake
▼ + stars: | 2016-03-16 | by ( Andrew Meola | ) www.businessinsider.com time to read: +5 min

E-commerce retailers are losing potential customers at one critical juncture. This shows that e-commerce retailers are coming up short with regard to the checkout process. Technology that helps retailers collect and leverage online shopping cart data is likely to be a worthwhile investment. Proposes a list of solutions that are proven to reduce shopping cart abandonment for online retailers. Forecasts where this trend is going and how shopping cart abandonment will affect retailers — bricks-and-mortars and e-commerce companies alike — in the future.

Persons: Cooper Smith, they've Organizations: Commerce, Business, Insider Intelligence, BI Intelligence, Technology Locations: U.S, SeeWhy

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