Fed: 15 Banks Pass Stress Test; Citi, 3 More Fail

Between Thanksgiving and New Year’s Eve, delivery companies will handle nearly 2.2 billion deliveries and returns. The weak demand bedeviling package delivery companies like United Parcel Service and FedEx promises to be great news for online U. S. shoppers who want quick, on-time holiday gift delivery.

Adobe Analytics, an online shopping tracker, expects consumers to spend a record $13.2 billion on Monday. Consumers in the United States are scouring the internet for online deals as they look to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday. Even though e-commerce is now part and parcel of many people’s regular routines and the holiday shopping season, Cyber Monday—a term coined in 2005 by the National Retail Federation—has become the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it.

The European Search Perspective project faces serious obstacles, but the U. S. government’s proposed search-antitrust settlement with Google could lend it a hand. Google’s dominance of web search—consistently above 85% of the market in the U. S.—is an unmissable fact of online life. But a key source of that power is much less obvious: the exhaustive index of web pages that Google has created and maintains, and which is so comprehensive that even alternative search engines often have to rent it out.

Design isn’t dead, but it is evolving. Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning.

Intel CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus named as interim co-CEOs. Gelsinger, whose career has spanned more than 40 years, also stepped down from the company’s board. He started at Intel in 1979 at Intel and was its first chief technology officer. He returned to Intel as chief executive in 2021. [time-brightcove not-tgx=”true”] Intel said Monday that it will conduct a search for a new CEO. Read More: Intel’s CEO on Turning Skeptics Into Believers Zinsner is executive vice president and chief financial officer at Intel.

A scrappy nonprofit that has provided bikes to thousands of homeless people, young children and others in need across the metro area is ready to open its doors in Denver. Second Chance Bicycle Shop was founded in 2006 by retired police officer Ernie Clark, who kept the wheels on with a small team of volunteers, fixing up bikes and distributing them for free until his death in 2022. The shop rotated through several locations in Aurora during Clark’s lifetime before moving to a storefront in Centennial when his daughter, Betty, stepped in to continue her father’s legacy. Second Chance Bicycle Shop owner Betty Clark placed the original banner of the shop at her new office in Denver on Wednesday, Oct.