Tag Archives: Commerce

Omicron, the latest variant of COVID-19, has hit certain sectors of the economy hard, causing labor shortages and child care issues and making some Americans wary again of dining out. But in a new interview with Yahoo Finance this week, Commerce Secretary Gina Raimondo offered hopeful news from business leaders she’s spoken with recently amid all of this uncertainty. “They see [the problem] as short term,” said Raimondo, who sat down in Washington, DC for an upcoming episode of Influencers… Source link

Walmart and Yahoo are continuing their holiday shopping-related partnership, leaning into new augmented reality (AR) and digital opportunities, Retail Dive reported Monday (Dec. 6). The companies have added a new game, “Play for Joy,” on Instagram, letting users play a claw machine and grab as many virtual Walmart gifts as they can before a timer is up, according to the report. In addition, there is a video series with lifestyle influencer Taryn Newton, which will allow shopping through… Source link

(Bloomberg) — Alibaba Group Holding Ltd. is replacing its long-standing chief financial officer and reshuffling the leaders of its commerce businesses, the most notable management changes since the Chinese firm survived a bruising antitrust investigation. Most Read from Bloomberg Toby Xu will succeed Maggie Wu as CFO from April 1, the company said in a statement late Sunday. Wu will remain in the Alibaba Partnership and serve as executive director on the internet giant’s board, according to… Source link

Don’t expect the semiconductor shortage to be solved anytime soon. “The semiconductor situation is going to take a long time to fix,” Secretary of Commerce Gina Raimondo said at the Milken Institute Global Conference this week. “This is one I feel confident saying it’s not going to be fixed in a month or two, or six, or 12 months.” Raimondo has been at the center of the government’s efforts to help semiconductor companies work through their bottlenecks, hosting multiple gatherings… Source link

Corporate tax increases are necessary for the U.S. to better compete globally, U.S. Commerce Secretary Gina Raimondo told Yahoo Finance Live in an interview. House Democrats are out with a proposal to raise the tax rate on companies with income of at least $5 million to 26.5%.  “If American business is going to compete, we need these investments,” Raimondo said. “And then the question is, how do you pay for them. I don’t know any business leader who thinks that it would be… Source link

This morning In the Know, a Yahoo title geared toward Gen Z and millennial audiences, announced the debut of its third section, In the Know Style, a fashion and beauty vertical that will feature original shoppable content. … Source link

They sit parked in megalots all across North America — next to a big stone quarry in Troy, Missouri, by an auto assembly plant in Silao, Mexico, and filling the vast parking areas outside the Kentucky Motor Speedway near Owensboro. Tens of thousands of bright, shiny, never-been-driven Ford (F) and GM (GM) trucks and SUVs. They appear to be ride ready, but they aren’t. Buyers are lined up to buy them, but they can’t. The problem, as you might have guessed, is the vehicles have no… Source link

Progressive activists are calling on Ford, Target, Google, Bank of America and other major companies that have pledged to support voting rights to cut ties with the US Chamber of Commerce, CNN Business has learned. At issue is the Chamber of Commerce’s fierce opposition to the Democrats’ sweeping voting bill known as the For the People Act, which advocates say would counter efforts by Georgia and other states to impose new voting restrictions. The Chamber of Commerce has Source link

What you need to know: Yahoo Shops will be the first digital media marketplace to feature native commerce capabilities and launch with a commitment to diversity, pledging at least 15% of merchants will be Black-owned businesses Shoppable video, personalized features, and XR tools will be hallmarks of Yahoo Shops With the scale of Verizon Media’s audience and advertising platforms, Yahoo Shops offers brands a seamless connection to consumers, from discovery to transaction NEW YORK, NY – Today,… Source link

NEW YORK — When asked about Google, Bryan Clayton voices a familiar lament among small business owners. “You keep getting squeezed further and further down the search results page,” says Clayton, CEO of GreenPal, a company that operates an app to help homeowners find lawn care. “As a startup, you don’t have a million-dollar advertising budget.” The Justice Department sued Google on Oct. 20 for anticompetitive behavior, saying the company’s dominance in online search… Source link