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Featuring Danielle Guizio, Owner and Designer, Guizio; Kat Hantas, Cofounder, 21Seeds Infused Tequila and Stacey Tank, CEO, Bespoke Beauty Brands (owner of KimChi Chic Beauty and Jason Wu Beauty). Moderated by Yasmin Gagne, Staff Editor, Fast Company What separates companies that scale from those that stall? These founders and CEOs may have the answer. In this panel, you’ll gain insight into the strategies, decisions, and challenges behind building high-growth businesses, from knowing when an acquisition or retail expansion is the right move to capitalizing on buzzy products.
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E-Commerce
U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as widespread tariffs threaten to send prices higher.The consumer price index increased 2.8% in February from a year ago, Wednesday’s report from the Labor Department showed, down from 3% the previous month. Core prices, which exclude the volatile food and energy categories, rose 3.1% from a year earlier, down from 3.3% in January. The core figure is the lowest since April 2021.The declines were larger than economists expected, according to a survey by data provider FactSet. Yet they remain higher than the Federal Reserve’s 2% target. And most economists still expect inflation will remain elevated this year as Trump’s tariffs kick in.“Today’s cooler-than-expected reading was a breath of fresh air,” Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management, said. Yet she cautioned that the Fed is likely to keep its key rate unchanged for now until it sees further evidence of how the White House’s trade and immigration policies affect the economy.On a monthly basis, inflation also came in much lower than expected. Consumer prices rose 0.2% in February from the previous month, down from a big 0.5% jump in January. And core prices rose just 0.2%, below the 0.4% increase in January. Economists watch core prices because they are typically a better guide to inflation’s future path.A sharp drop in air fares, which fell 4% just in February from the previous month, helped bring down overall inflation. Rental price increases also slowed. And the price of new cars fell last month compared with January.Grocery prices were unchanged last month from January, bringing some relief to consumers grappling with a 25% jump in grocery prices from four years ago. The cost of eggs, however, jumped 10.4% in February from the previous month and are nearly 60% more expensive than a year ago.Avian flu has forced farmers to slaughter more than 160 million birds, including 30 million in January. Average egg prices hit $5.90 a dozen nationwide in February, a record high. The price had consistently been below $2 a dozen for decades before the disease struck.And with Trump imposingor threatening to imposea wide range of tariffs on imports from Canada, Mexico, China, Europe, and India, most economists forecast price growth will likely remain elevated this year.The duties have roiled financial markets and could sharply slow the economy, with some analysts raising the odds of a recession. Many economists expect inflation would fall this year without the import taxes, but with tariffs imposed, they forecast inflation will stay elevated through the end of this year.Trump has pledged to impose reciprocal tariffs on any country with duties on U.S. exports on April 2. Economists at the Yale Budget Lab calculate that those duties, by themselves, could boost the average U.S. tariff rate to its highest level since 1937, and cost the average household as much as $3,400.Wednesday’s update is likely to encourage the inflation-fighters at the Federal Reserve. Fed Chair Jerome Powell said in January that rate cuts were on hold and another reduction is highly unlikely at the Fed’s meeting next week.The biggest wild card for the Fedand the economy as a wholeare the tariffs and Trump’s threats to impose more. Since his inauguration in January, Trump has imposed 20% taxes on all imports from China, and 25% duties on imports from Canada and Mexico, though most of those tariffs have been suspended for a month.On Wednesday, the administration increased tariffs on all steel and aluminum imports to 25%, promising that the taxes would help create U.S. factory jobs at a time when Trump’s seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown.The European Union responded in kind almost immediately announcing retaliatory trade action with new duties on U.S. industrial and farm products.Trump has promised reciprocal duties on countries that tariff exports from the United States, including Europe, India, and South Korea on April 2. AP Writers Josh Boak and Paul Wiseman in Washington, and Lorne Cook and David McHugh in Europe, contributed to this report. Christopher Rugaber, AP Economics Writer
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E-Commerce
Apple has successfully blocked its opponents in India, Tinder-owner Match and a group of startups, from accessing its commercially sensitive information which was part of antitrust findings against the U.S. firm, a confidential order shows. An investigation by the Competition Commission of India (CCI) last year found Apple exploited its dominant position in the market for app stores on its iOS operating system to the detriment of app developers, users and other payment processors. Apple has denied wrongdoing and said it is a small player in India where phones using Google’s operating system are dominant. The investigation process has concluded but CCI’s senior members are yet to review the findings and pass a final ruling, which could force Apple to pay fines and even change its practices if the company is confirmed to have indulged in wrongdoing. Apple’s opposing parties in the caseMatch and startup group Alliance of Digital India Foundation (ADIF)asked the CCI to allow access to certain confidential information which include developer payouts and details of total billings, but were redacted when investigation reports were shared with parties. Match argued Apple had been “claiming excessive and unwarranted redactions in its submissions” across the world “to hinder effective scrutiny of its practices”, but the CCI did not agree and ruled in favour of Apple, according to a 13-page confidential order issued on March 3 and seen by Reuters. The order noted Apple’s comments, saying “the very fact that Match is involved in similar antitrust proceedings” with the company elsewhere will cause Apple harm if its commercially sensitive information is provided to Match. “The Commission notes that disclosure of such redacted information at this stage to ADIF and Match is neither necessary nor expedient . . . and disclosure of the same could potentially cause harm to the interests of Apple and other third parties,” the CCI noted. The CCI, Apple, Match and ADIF did not respond to Reuters queries. The Indian case was first filed by a little-known, nonprofit group called “Together We Fight Society” which argued Apple’s in-app fee of up to 30% hurts competition by raising costs for app developers and customers. Apple’s iOS powered about 4% of 712 million smartphones in India as of 2024 end, with the rest using Google’s Android, according to Counterpoint Research. Apple’s smartphone base in the country has grown five times in the last five years. Apple can still oppose findings of the CCI investigation and watchdog’s senior members are expected to issue a final ruling in coming weeks. In 2022, the CCI imposed a $113 million fine on Google and said it must allow the use of third-party billing and stop forcing developers to use its in-app payment system that charges commission of 15%-30%. Google has denied wrongdoing. Aditya Kalra, Reuters
Category:
E-Commerce
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