Here is a rundown of Cheddar News' top trending market stories of the day.
TWITTER CANNABIS ADS
Cannabis ads are coming to Twitter. The social media platform said it will start allowing ads featuring cannabis in states where the drug is legal. While Reddit currently allows ads for CBD products, Twitter will be the first social media app to allow advertising of products with THC content. The company said in a blog post announcing the change that it would create opportunities for “responsible cannabis marketing.”
FASTER INSTACART SHOPPING
Instacart is rolling out a new tool that aims to save "shoppers" (which in company parlance means workers) time and money. Called the "Queued Batches" feature, it allows users to accept a second order before they are finished with the first one. The company said this will cut down significantly on the amount of time shoppers spend in the store.
WORKER BURNOUT
A new study has shown that burnout is not only real but stronger than it was at the height of the COVID-19 pandemic. A survey by Future Forum found that more than 40 percent of people who work office jobs feel burnt out. Many experts are attributing this frustration to higher inflation, economic uncertainty, and fears of being laid off. The end of work from home policies may also be a factor.
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented.
CEO and founder of Pinstripes Dale Schwartz shares his thoughts on taking the company public, why they're set for growth this year, and why he's not concerned about inflation weighing on the restaurant sector.
With hype continuing to build for A.I. projects, expert insight on what companies seem poised to benefit, plus how it will impact the lives of everyday consumers.
Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth. The automaker said about 1,400 workers will be impacted by the move.
