Weekly News Update Featuring the “Skinny Repeal”, Goldman Sachs, Starbucks and more…

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Happy Friday! You know what time it is:

It’s time to learn about all the latest news trends in the leading industries such as healthcare, retail, financial services, marketing and security & enterprise.

Let’s kick this Friday off with healthcare leading the way, due to it being so prevalent in the news today.

HEALTHCARE

John Mccain Finalizes Vote on “Skinny Repeal”

John Mccain finalized his vote against a “skinny repeal” toward Obamacare.

Republican lawmakers were committed to repealing Obamacare, as was President Trump during his campaign.

This means that Obamacare will not be repealed.

Amazon and… Healthcare?

Amazon announced that it will be secretly developing healthcare technology.

The program is going to be called “1492”

Amazon is testing out virtual doctor visits as well as electronic health records, with efforts to implement Amazon’s tools such as Amazon Echo and Dash Wand into the healthcare industry.

This move is being done under “special projects” and is very hush-hush as of now.

SECURITY & ENTERPRISE

Twitter’s Downfall

Twitter announced a very disappointing round of quarterly numbers yesterday. The company’s followers have not increased since this year’s first quarter.

Because of this news, Twitter’s stocks plummeted yesterday.

The company also reported a revenue drop of 8%.

Starbucks and China

Starbucks announced that the coffee enterprise will acquire the remaining 50% share of its East China business from joint venture partners, Uni-President Enterprises Corporation and President Chain Store Corporation.

This is the second biggest acquisition in the company’s history, putting $1.3 billion in cash upfront.

CEO of Starbucks, Kevin Johnson, stated that he hopes to grow Starbucks from 2,800 stores to 5,000 stores.

Uber Looking for CEO

After Travis Kalanick resigned in June from CEO position, Uber is now on the hunt to replace him.

After rumors that Meg Whitman, CEO of Hewlett Packard Enterprise will become the replacement, she quickly announced she is not interested in this position, via Twitter.

MARKETING

Lyft and Taco Bell Partner

Taco Bell is partnering with Lyft in hopes drivers will entice customers to go through Taco Bell drive throughs on the way home from a night out.

“Taco mode” is a market test that will be offered through the Lyft app in California by the end of summer.

Sephora Thinks Tiny

With businesses constantly thinking big, Sephora is thinking small.

The beauty enterprise announced the opening of its first 2,000 square foot store in Boston.

This store is different than the usual 11,000-foot square Sephora stores because it will offer augmented reality tools, personal services, and digital experiences.

Allstate Broadens Audience

Allstate Insurance has created a new campaign in order to connect with Hispanic audiences, through soccer.

The campaign is called #MalaSuertePrometo and is built around 2017 World Cup, featuring the Mala Suerte character that fans are known to love.

Coca-Cola: Brand Repositioning

Coca-Cola is looking to rebrand its image, as it released Coca-Cola No Sugar into U.S. stores.

The brand is looking to expand growth and to “keep people within the brand.”

RETAIL

Neiman Marcus Lay Offs Employees

Neiman Marcus, the luxury department store, has been trying making an effort of reorganization after accumulating $5 billion in debt.

The store is now cutting 225 jobs in efforts to save the store.

eBay Leverages Images

eBay has announced new features that enable users to discover photos through search engines, similar to what is seen on social media.

“Find it on eBay” and “Image Search” are two new tools that give customers access to sharing photos in order to find local listings.

Walmart Gets Convenient

Walmart is continuing to implement new tools with efforts to fight Amazon back.

“Easy recorder” provides customer’s shopping history in-store and online through the mobile app.

This gives users a convenient and accessible tool that pushes them to continue to purchase past products if satisfied.

FINANCIAL SERVICES

Mastercard

Mastercard Inc. reported stronger-than-expected earnings and revenue for the second quarter as consumers boosted their spending.

Citigroup

Citigroup is hosting a day-long conference for investors for the first time since the 2007-2009 financial crisis, after receiving three government handouts.

This conference will host 250 investors in hopes to gain the extra capital that it lost since the crisis.

Goldman Sachs: the Next Google of Wall Street?

That’s what the financial giant’s goal is, according to Business Insider.

The bank is looking to hire engineers to work in Marquee, which handles customers data, bank analytics, and content.

8 job postings have already been announced.

To read further about financial services recruiting IT professionals, click here.

ABOUT FSI TRANSFORMATION ASSEMBLYFSI Transformation Assembly

Application to attend FSI Transformation Assembly taking place September 14-15, 2017 at Four Seasons Resort in Palm Beach, FL is now open.

Join experts from North America’s major financial services and insurance organizations like Keynote Speaker Scott Dillon, EVP, CTO and Head of Technology Infrastructure Services at Wells Fargo and Company. Scott will be providing unique insight into how his team provides availability, security, and global interconnectivity for the more than 70 million customers who interact 12 billion times a year in person through the company’s 9,000 stores and 12,000 ATMs, on the phone, or online at www.wellsfargo.com.

For information about the limited sponsorship opportunities remaining, please download the Sponsorship Prospectus >

C-level IT leaders in the financial services and insurance sectors are dealing with many challenges as digital transformation becomes an imperative. Understanding not only the convergence of Mobile, Social, and Cloud but also the possible implications of Artificial Intelligence, Machine Learning and Blockchain is vital to stay ahead of the competition.

With digital enhancement comes a massive explosion in data, which is creating unprecedented manageability issues for firms around the world that can be linked to the following factors: expanding customer touch points, emerging types of structured and unstructured data, new customer engagement and social media platforms, rising data security, and controlling the overall data volume.

This is not just another “Financial Services” event. Spaces are reserved for the best in the business. Apply to attend here!

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