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AdvertisementThe AI company Anthropic recently announced it had hired a researcher to think about the "welfare" of the AI itself. "AI welfare" is emerging as a serious field of study, and it's already grappling with a lot of thorny questions. When it comes to such questions, the pioneers of AI rights believe the clock is ticking. "But I think we have the capacity to think about AI welfare while doing more on those other issues." Skeptics of AI welfare are also posing another interesting question: If AI has rights, shouldn't we also talk about its obligations?
Persons: chatbot, it's, Anthropic, Kyle Fish's, , There's, Jeff Sebo, neuroscientists, Fish, Elon Musk, Mildred Cho, Lisa Messeri, Sebo, Cho, Adam Rogers Organizations: Stanford, Oxford, Center for Mind, New York University . Fish, Centre, AIs, Stanford Center for Biomedical, Yale, Business
CNN —Buy now, Pay Later services had their best day yet on Cyber Monday, with consumers spending a record-breaking $991.2 million, according to Adobe Analytics. BNPL shoppers are more likely to be unable to pay some or any bills and to be concerned about making ends meet in the next year. While consumers perceive BNPL services to be a safer alternative to credit cards, experts warn that they carry risks. Young people are not only more likely to use BNPL services but are more likely to encounter issues when they do. While most traditional BNPL services require interest-free payments, some include interest or late fees that consumers may not be aware of.
Persons: Dionysius Ang, , ” Ang, BNPL, Ted Rossman, Lisa L, Gill, Baby Boomer, Z, Rossman Organizations: CNN, Adobe Analytics, Consumers, University of Leeds, Federal Reserve Bank of Philadelphia, Boomers, Consumer, Consumer Financial Locations: United States, England
British pubs are worried they’ll run out of Guinness
  + stars: | 2024-12-15 | by ( John Towfighi | ) edition.cnn.com   time to read: +7 min
CNN —At the Sheephaven Bay pub in London, tucked just behind Camden High Street, Guinness accounts for more than 50% of draft beer sales. Yet across the same period, sales of beer increased by 23.2% for Diageo, which owns the Guinness brand. People drink Guinness beer at the Devonshire pub in London on October 10. But yes, I would say in the last couple of years, Guinness sales are up,” he said. In Europe, Guinness 0.0, a nonalcoholic version of stout, saw net sales double in fiscal year 2024, according to Diageo.
Persons: Pat Logue, Guinness, Logue, influencers, it’s, ” Logue, he’s, Hollie Adams, Diageo’s Guinness, Verushka Shetty, Jason Momoa, Shetty, Gen, Debra Crew, Diageo “, , Diageo’s Crew, Aonghus Leydon, they’ve, “ Guinness, , ” Leydon, Harry Evans, Leydon, isn’t, Jack McGarry, he’d, Daniel Leal, McGarry, Stella Artois, ” McGarry, Victor Boyd, It’s, Boyd, ” Boyd, CNN’s Maisie Linford Organizations: CNN, Camden High Street, Guinness, Diageo, Nielsen, Social, , distillers, Morningstar, Crew, Premier League and Six Nations Rugby, US, Getty Locations: London, kegs, Great Britain, London’s Stoke Newington, Roscommon, Ireland, London’s Shoreditch, Europe, Manhattan, Belfast, Northern Ireland, Austin , Texas, Iona Bar, Williamsburg , Brooklyn, Dublin, New York
Hegseth’s book is an odd mix of slogans and unsupported assertions about the purportedly “Marxist” and “woke” US military. CNN asked the Trump transition for comment on the claims made in Hegseth’s book. In his book, Hegseth is very exercised about the role of women in combat because he says women are less effective fighters. There could also be a battle over the question of “Who lost Afghanistan?” — which Hegseth squarely blames the generals for. In his book, Hegseth is silent on the big issues that a future secretary of defense might have to face, such as the Chinese possibly invading Taiwan.
Persons: Pete Hegseth, Donald Trump’s, Jim Mattis, Lloyd Austin, Leon Panetta, Robert Gates, Hegseth, , , it’s, Charles “, ” Brown, Brown, Mark Milley, Trump, Biden, Joe Biden, Trump’s, Xi Jinping Organizations: CNN, Washington, Fox News, Pentagon, RAND, Joint Chiefs of Staff, US, Joint Chiefs, US Special Forces, State Department, National Guard, Associated Press Locations: United States, Afghanistan, Iraq, Bear Stearns, New York City, Jerusalem, Washington ,, Taiwan
Over the past decade, Xi has overseen an ambitious transformation of the PLA into a “world class” fighting force that can rival the US military. Miao Hua, a longtime protege of Chinese leader Xi Jinping and a member of the Central Military Commission, has been suspended and placed under investigation. Miao’s military career took off soon after Xi came to power. As the chief political commissar of the PLA, Miao is tasked with ensuring its loyalty to the ruling Communist Party. “We must ensure the troops remain absolutely loyal, absolutely pure and absolutely reliable,” Xi told an audience of note-taking officers.
Persons: Xi, Adm, Miao Hua, Miao, , Joel Wuthnow, Mao Zedong, Xi Jinping, Cha Song, James Char, ” Char, Zhang Yang, Victor Shih, Shih, ” Xi, ” Shih, Wang Houbin, Dong Jun, Dong, Wuthnow, , Li Shangfu, Joseph Stalin, Mao, , , Mao’s, Lin Biao, keener Organizations: Hong Kong CNN —, People’s Liberation Army, PLA, Central Military Commission, Defense Ministry, Xi, Pentagon, National Defense University, , 31st Group Army, Rajaratnam, of International Studies, PLA Navy, Ground Force, CMC, Rocket Force, Navy, Defense, Communist Party, University of San, Financial Times, The Defense Ministry, Force Locations: Hong Kong, Fujian, China, Taiwan, Beijing, , Singapore, United States, University of San Diego
TikTok Shop is now a more popular online retailer than Shein and Sephora among Americans. TikTok Shop has surpassed retail giants Shein and Sephora in the online battle for US shoppers. The consumer trends report said 45% of surveyed Americans purchased "fashion, clothing, and accessories" from TikTok Shop. AdvertisementAhead of the potential ban, TikTok launched a "limited-time offer " promotion this week, allowing users to earn $50 in TikTok Shop credits to recruit a new user. Representatives for TikTok, Shein, Sephora, and Qurate did not respond to a request for comment from Business Insider.
Persons: Dan Frommer, Gen Alpha, Sephora, Shein, TikTok, Qurate Organizations: TikTok, Capital, Qurate Retail Group, QVC, LVMH, Financial, Foreign, Lawmakers, Business Locations: United States, North America, China, TikTok
A majority — or 53% — of Gen X parents who are worried their child may need financial support well into adulthood, according to a U.S. Bank survey of around 2,500 adults released earlier this year. Gen X is a "sandwich" generation, facing the financial pressures of simultaneously supporting parents in retirement and kids as they come of age. Instead, he's noticed a mindset among Gen X of being ready to roll with any unexpected punches. "It's not just all doom and gloom for Gen X," he said. Gen X parents aren't necessarily concerned that they'll be in the hook for their kids' poor financial choices.
Persons: Natalia Gdovskaia, Adinah Caro, Greene, she's, Caro, Greene isn't, Gen X, Gen, Tom Thiegs, they've, Thiegs, he's, It's, There's, we'll, aren't Organizations: Business, U.S . Bank, Private Capital Management, Social Security, Medicare
Dozens of unidentified aircraft have been spotted over cities in the eastern United States. AdvertisementWhere have residents reported unidentified aircraft? Residents and officials have reported spotting unidentified aircraft, believed to be drones, flying above New Jersey, New York, Connecticut, Maryland, Massachusetts, and Pennsylvania in recent weeks. There have also been reports of suspected drones following a US Coast Guard vessel, as well as local police statements on the presence of unidentified aircraft near critical infrastructure. Singh said that the Pentagon has no evidence that the reported drone sightings are the work of a foreign adversary.
Persons: Phil Murphy, we've, Murphy, State Sen, Tony Hwang, Donald Trump, Jeff Van Drew, Sabrina Singh, Singh, Van Drew's, John Kirby, Kirby, Kathy Hochul, Hochul, it's, Mark Kelly, Yinpiao Zhou, Zhou, Fengyun Shi Organizations: FBI, Federal Bureau of Investigation, Department of Homeland Security, New, New Jersey Gov, US Coast Guard, Newsday, Getty Images, Northern Command, Arsenal, Naval Weapons Station, State, Fox News, Pentagon, White, National Security Council, United, New York Gov, Stewart International Airport, Federal Aviation, Gov, Street, Energy Department's, Security, US Air Force, Air Combat Command, Langley Air Force Base, Department, Space Force Base, Police, San Francisco International Airport, Navy, University of Minnesota Locations: United States, New Jersey, New Jersey , New York , Connecticut, Maryland , Massachusetts, Pennsylvania, New York, , New York, Connecticut, Iranian, East Coast, Iran, Orange County, North Carolina, China, Virginia, Energy Department's Nevada, California, Santa Barbara County
Montana contractors are struggling to hire due to a construction labor shortage. Many contractors say they are actively recruiting Gen Z to get more young people into trades. Contractors say that although demand for construction in Montana is strong, they can't hire enough people to keep up with all the potential work. AdvertisementContractors are raising wages to attract workersThe construction labor shortage is not just hitting Montana, putting added pressure on contractors trying to hire. David Smith, executive director of the Montana Contractors' Association, said companies are also evolving their culture to meet Gen Z workers where they're at.
Persons: Sarah Swanson, Zers, Bill Ryan, Dick Anderson, Brian Turmail, Ken Simonson, Turmail, there's, Ian Baylon, Noah Clayton, , Ryan, Michelle Cohens, they've, Cohens, David Smith, You've Organizations: Montana Department of Labor, Industry, Contractors, Montana, Associated, Contractors of America, AGC, Getty, Employees, Montana Contractors ' Association Locations: Montana, Florida, America, . Montana, California, Sletten
CNN —Aakaanksh Autade was iffy on TikTok Shop, TikTok’s in-app shopping feature, when it launched last year. Aakaanksh Autade (left) promoted gadgets like the Nintendo Switch via TikTok Live on Cyber Monday. TikTok Shop raked in $100 million in single-day sales this Black Friday — that’s triple the number from 2023, according to the company. “It’s hard to ignore how much it means to its users.”What makes TikTok Shop tick? “TikTok shop just seemed like a natural place for those dollars to be spent.”What would a TikTok ban mean for other social media retail platforms?
Persons: Aakaanksh Autade, , ” Autade, , TikTok, hashtags, Keenya Kelly, “ You’ve, Carrie Berk, Keenya Kelly “, Autade, SOCi, Gen, Jen Jones, Commercetools, Jones, Ezra Acayan, ” Kelly, Kelly, ” Berk, she’s, it’s, “ I’m, I’m Organizations: CNN, Nintendo, Facebook, YouTube Locations: TikTok, Manila, Philippines
In recent years, remote work and affordable housing drove young Americans to move to rural areas. AdvertisementHis new home, Dawson County, is one of the fastest-growing counties in the US for young people, amid a wave of movers into rural areas that's reversing a decadeslong trend toward cities. Chase VossIn recent years, younger professionals have been bucking a longtime trend of their age group: moving to cities. That trend was expected to continue — until the pandemic and the rise of remote work. Since 2020, Lombard found, rural areas and smaller cities have attracted that younger workforce at the highest rate in nearly a century.
Persons: Chase Voss, Voss, , Hamilton Lombard, That's, Lombard, Jeannie Steele, Townsend, Steele, Arrott Smith, Smith, Peregrine Coffee, Jed Kolko, Kolko, she's, Miles, gainfully Organizations: University of Virginia, Voss, jkaplan Locations: Dawson County , Georgia, Hawaii, Georgia, Dawson County, . Voss, Dawsonville, Atlanta, America, Northern Georgia, New England, Hays County , Texas, Austin, Musselshell County, Townsend , Montana, Broadwater County, Helena, Bozeman, Three, Washington , California, Minnesota, Custer County , Colorado, Montana, Chicago, Indiana, Illinois
The Nex Playground is a gaming console similar to the old Nintendo Wii — with active-movement games. The Nex Playground might remind you of the old Nintendo Wii — with games played by body movements, like jumping, flapping your arms, and dancing. You might call it a video game system for parents who don't want their kids playing video games all day. Nex Playground fits into this idea. The Nex Playground device is about the size of a baseball and attaches to your TV.
Persons: Mark Cuban, it's, David Lee, Nex, Lee, Jonathan Haidt's, , It's, Conz Preti, Emily Greenwald, Greenwald Organizations: Nintendo, Alpha, Cuban, NBA, Facebook
A U.S. airman stationed in Japan was sentenced to five years in prison Friday after being convicted of kidnapping and sexually assaulting a minor. U.S. service members in Japan, which hosts more than 50,000 American troops, have been involved in a series of sexual assault and other criminal cases dating back decades. The 18th Wing, the host unit at Kadena Air Base, said it worked closely with local authorities throughout the case. “Sexual assault is reprehensible, and we share the local community’s outrage over this case,” it said in a statement Friday. “All U.S. service members are expected to always uphold the highest standards of conduct.”Brig.
Persons: Brennon, Prosecutors, Judge Tetsuro Sato, Washington, Washington “, Brig, Nicholas Evans, , Organizations: U.S, Kadena Air Base, Kyodo, Wing, U.S . Alliance Locations: Japan, Okinawa, Naha, Washington, Gen, U.S
That impending doom people feel when watching, reading or listening to the gloomier news of the day is a frequent occurrence nowadays. Discussions of climate change on social media and in mainstream media often focus on warnings with little emphasis on solutions. Not only does this information overload elevate feelings of uncertainty or in this case doom, but it can cause negative emotions and depressive symptoms. Making Sense of Media Reporting on Climate Change.”Social media messaging and gloomy news coverage can cause feelings of doom, according to a 2008 study. So, it’s important to remember that not everyone’s use of doomer slang contributes to negative feelings.
Persons: , Chan Hellman, fixating, , Norma Mendoza, ” Hellman, we’ve, Maxwell Boykoff’s, ” “, ” Mendoza, Denton, , Hellman, It’s, they’ve Organizations: CNN, rumination, Hope Research, University of Oklahoma, UCLA Locations: Denton, Covid, Mendoza,
More than $100 trillion in household wealth is expected to be passed down as part of the Great Wealth Transfer, the largest in U.S. history, according to a new report. Put another way, of the $2.5 trillion being passed down every year, about $1 trillion is going to Gen Xers. Cerulli’s previous estimate for the Great Wealth Transfer, in 2021, forecast a total of $84 trillion being passed down over 25 years. Horton said the $84 trillion adjusted for inflation would be $100 trillion today. While it’s spread out over 25 years, the Great Wealth Transfer will create tectonic shifts in the wealth economy.
Persons: Robert Frank, , , Chayce Horton, Zers, X, Xers, Millennials, Gen Z, Horton, ” Horton, it’s Organizations: Cerulli Associates, Consumer Finance, Creative, Istock, Getty Locations: Cerulli, U.S
A "location closed" sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Here are the winners and losers of the restaurant industry in 2024:WINNER: ValueValue became restaurant CEOs' new favorite word this year as they sought to reverse falling sales and appeal to inflation-weary consumers. The privately held chain, known for its chicken tenders, is the fourth-largest chicken chain in the U.S., with a market share of 7.8%, according to Barclays. The chain could soon overtake KFC, the rare chicken chain that's struggled to resonate with U.S. consumers this year. Scott Olson | Getty ImagesThose chicken chains are stealing market share from burgers.
Persons: Patrick T, Fallon, Jennifer Jennings, RJ Hottovy, McDonald's, David Portalatin, Circana, Michael Zuccaro, Hottovy, Mookie Betts, Phillip Faraone, Scott Olson, Burger, Gordon Haskett, Burger King, Josh Kobza, Wendy's, Spongebob, Patty, Taco Bell, Paul Weaver, Yum, Selena Gomez's, Brian Niccol, Circana's, Roti, John Bringardner, Chipotle's, Chipotle, Scott Boatwright, Niccol, Piper Sandler, BTIG, Wingstop, They've, Circana's Portalatin, Chili's, Brinker, Kevin Hochman, Applebee's, Olive Organizations: AFP, Getty, Labor, Intelligence, Debtwire, CNBC, Yum Brands, Bell, LA Dodgers, Barclays, KFC, Rivals, for Disease Control, Prevention, Gordon Haskett Research, Burger King, Restaurant, Burger King's, Wolfe Research, Taco Bell, Taco, Starbucks, Street, Niccol, Dine Brands, Olive Garden, Darden, Brinker International, Triple Locations: Torrance , California, Tulsa , Oklahoma, Cane’s, Alhambra , California, U.S, Effingham , Illinois, Burger King's U.S, San Diego, Niccol, Wall, Texas, Olive
Here are the biggest calls on Wall Street on Friday: Goldman Sachs initiates TechnipFMC as buy Goldman says the offshore company has "idiosyncratic growth." Goldman Sachs upgrades Patterson-UTI Energy to buy from neutral The firm says it sees shareholder returns for the energy company. Needham upgrades Upstart to buy from hold Needham says it likes the AI lending platform company's balance sheet following earnings. Mizuho reiterates Salesforce, Microsoft and Adobe as outperform The firm says the Salesforce, Microsoft and Adobe are top ideas in 2025. JPMorgan upgrades Penn to overweight from neutral The firm says Penn is too attractive to ignore right now.
Persons: Goldman Sachs, Goldman, Patterson, DA Davidson, Davidson, Needham, UPST, Morgan Stanley, Apple, it's, Uber, Mizuho, Wolfe, Horton, DraftKings, Mills, Penn, sightline Organizations: UTI Energy, America, Titan International, Bank of America, of America, Broadcom, COTY, Apple Intelligence, UBS, Energy, OPEC, Salesforce, Microsoft, Adobe, Cloud, BMO, O'Reilly, O'Reilly Automotive, Therapeutics, Meta, Mizuho, Canadian, JPMorgan, Barclays, Norwegian Cruise, MKS, Gaming, Retail, North American Service Providers, Nvidia, Costco Locations: America, Texas, Norwegian, Buffalo, 2H25
Anduril and Archer are partnering to develop military vertical takeoff and landing aircraft. Tech entrepreneur Palmer Luckey's Anduril is teaming up with Archer Aviation to create a new generation of vertical takeoff aircraft it hopes to sell to the US military. VTOL aircraft include helicopters, as well as jets and tiltrotor aircraft that have the advantage of faster airspeeds. AdvertisementArcher is an aviation company that generally makes electric tiltrotor aircraft for urban use. In November 2023, a V-22 Osprey crashed off the coast of Japan, killing eight airmen.
Persons: Archer, Palmer Luckey's, Luckey, Aduril, Adam Goldstein, Goldstein, Lockheed Martin's, Bell's, Bell, Anduril, Shae Arnoult Organizations: Tech, Archer Aviation, Defense Department, Meta, Archer Defense, United Airlines, Marine Corps, Lockheed, US Army, UH, Blackhawk, Sikorsky, US Locations: Japan
AdvertisementDuring the 5-year period from 2013 to 2017, colon cancer rates in young people went up in 27 of 50 countries Sung's team examined worldwide. And it shows colon cancer rates spiking in young people living in countries like Turkey, Ecuador, and Chile. "Fundamentally, our diet is changed"AdvertisementHalade's own colon cancer research, published earlier this week, identified how ultra-processed foods can fuel colon cancer, wreaking havoc on the immune system, and worsening inflammation. Related storiesWhy colon cancer is striking younger people in richer countriesIt still seems to be the case that the richer a country gets, the more young people are at risk of developing colon cancer. It's clear that a family history of colon cancer, as well as the unique dance your genetics and your environment play, have key roles in your personal level of colon cancer risk.
Persons: Colon, Hyuna Sung, Ganesh Halade, Halade, Gen Organizations: USF Heart Health Institute, Getty Locations: North America, Europe, South America, Asia, Africa, Uganda, Turkey, Ecuador, Chile, Italy, Spain, Latvia, Australia, New Zealand, South Korea, Japan, Canada, Israel
CNN —A US serviceman was sentenced to five years in prison for kidnapping and raping an underage girl last year, an official from Naha District Court on the southern Japanese island of Okinawa told CNN. “The girl’s testimony that she told her age by gestures and other means is sufficiently credible from the security camera footage,” the judge said. The US military handed the 25-year-old serviceman over to Japanese authorities on the same day. It could exacerbate tensions with residents who have long opposed the presence of American troops and weaponry on the island. In another crime involving US personnel in Japan, a US Navy officer killed two Japanese nationals while driving down Mount Fuji in 2021.
Persons: Judge Tetsuro Sato, , , Brennon, Nicholas Evans, Denny Tamaki, Alvin G, Nelson III, ” Nelson, CNN’s Edward Szekeres, Himari, Rinka Tonsho, Lex Harvey Organizations: CNN, NHK, US Air Force, US, ” Air Force, Kadena Air Base, US Navy, Mount, Okinawa Gov, Washington, Kadena Locations: Naha District Court, Okinawa, Naha, . Washington, Kadena, Gen, curfews, Japan
"It would be silly for me to say that we didn't see generative AI as a potential threat," Orgeron said. He recalled attending CES in 2023 and said that many creative professionals there were unaware of generative AI and the impact it could have on the industry. However, the move toward generative AI was preceded by earlier acquisitions. Paul Hennessy, the CEO of Shutterstock, said in June the company earned $104 million in annual revenue from AI licensing agreements in 2023. While it doesn't offer an AI video-generation service yet, Orgeron said Shutterstock plans to launch a service soon.
Persons: Shutterstock, Dade Orgeron, Orgeron, TK, Dade Orgeron Shutterstock, Shutterstock.AI, Paul Hennessy, We're Organizations: Meta, Apple, Nvidia, Business, Service, Dade, CES, Key, Shutterstock.AI, Enterprise, HP Locations: New York, Reka, Silicon Valley, Shutterstock
Phone companies maintain records like which phone numbers participated in calls and when those calls happened and potentially the locations of the cell towers their phones connected to. Alan Butler, the executive director and president of the nonprofit Electronic Privacy Information Center, said having one’s phone metadata exposed is a clear violation of privacy. The hacking campaign accessed the metadata of more than a million people, an industry source briefed on the matter said. While some consider phone metadata to be less sensitive than the contents of communications, it can still provide enormous value to intelligence services. That would not typically fall to CISA or the FBI,” the FBI official said.
Persons: Donald Trump, Kamala Harris, Chuck Schumer, Alan Butler, ” Butler, Verizon’s, , Michael Hayden, , Dakota Cary, ” Cary, China’s, CISA, Jeff Simon, Simon Organizations: FBI, Verizon, NBC News, D.C, Privacy, Federal Communications Commission, White, Embassy, CIA, National Security Agency, Sentinel, National Capital, intel, White House, Infrastructure Security Agency, Typhoon, Charter Communications, Mobile, Salt Locations: U.S, Washington, Australia, Canada, New Zealand, China, Western, CISA, Louisiana, Salt
Newly captured satellite imagery shows that Iran's drone carriers are off its southern coast, thousands of miles away from the eastern United States. Satellite image ©2024 Maxar TechnologiesIran's drone ships aren't anywhere near the US. AdvertisementWhite House National Security Council spokesperson John Kirby said the US has "no evidence" that the reported drone sightings are a national security or public safety threat. Iranian drone carriersIran has turned several container ships into militarized drone carriers in recent years. The military's drone problemThe reported New Jersey incidents are not a new phenomenon.
Persons: There's, Naval Weapons Station Earle, John Kirby, Jeff Van Drew, they've, Shahid Bagheri, Van Drew's, Shahid, Van Drews, Gregory Guillot, Pv2 James Newsome Organizations: Maxar Technologies, Business, Command, Arsenal, Naval Weapons Station, US Coast Guard, Pentagon, National Security, New Jersey Rep, Republican, Fox News, Langley Air Force Base, RAF Lakenheath, American, North American Aerospace Defense Command, Army, Vandenberg Space Force Locations: New Jersey, Iran, United States, Jersey, Persian, The, Iranian, United States of America, China, Virginia, California
As spending with retail media networks (RMNs) continues to grow — predicted to hit $166B in 2025 — retail media evolves daily. Because of the vast array of 1P-connected tactics it powers, Inmar Intelligence is constantly collaborating with retailers across the maturity scale within retail media. Those investments should be priced and measured appropriately as experiential marketing versus eCPMs and iROAS," Leah Logan, vice president and general manager of retail media at Inmar Intelligence, said. Overall, the retail media landscape will continue changing more rapidly than anyone can possibly predict. Skai x P2PI State of Retail Media Survey, December 2023To see how to create the consumer's ideal shopping experience, download Inmar's report, Retail Media Networks: Areas to Watch.
Persons: Read, , Leah Logan, Z, Matthew Fantazier, Logan Organizations: Intelligence, Inmar Intelligence, CTV, Retail Media Survey, Retail Media Networks, Insider Studios Locations: Kenvue, P2PI
A watchdog in China told Temu's parent company to rethink its refund policy. In July, hundreds of merchants stormed Temu's office in China to protest the refund policy. A top Chinese markets watchdog has called out PDD Holdings — the parent company of low-cost Chinese marketplace Temu — over a controversial customer-first refund policy. The watchdog told the company's executives the practice has strained profit margins for small merchants, sources told Bloomberg. AdvertisementThe regulators asked PDD Holdings to fix the refund policy issue but did not provide specific suggestions, the outlet reported.
Persons: Temu, Gen, Gen Zers, Donald Trump's, Temu's, Trump Organizations: PDD Holdings, State Administration, Ministry of Commerce, Bloomberg, South China Morning Post, Amazon, Seoul Metropolitan Government Locations: China, Guangzhou, Seoul
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