Walmart Inc
Cruise is in danger of becoming GM's latest trendy venture that doesn't pay off
DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone […]
Read More
LinkedIn shelved planned go to Microsoft Azure, opting to hold actual physical data centers
Microsoft CEO Satya Nadella arrives at federal courtroom in Washington on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Illustrations or photos LinkedIn has established apart an energy to relocate its data center technology out of its physical facilities and into Microsoft’s Azure cloud, in accordance to people familiar with the make a difference. […]
Read More
Here are the 3 top risks facing McDonald's heading into 2024
The Ronald McDonald balloon floats down Central Park West during the Macy’s Thanksgiving Day Parade on November 23, 2023, in New York City. Gary Hershorn | Corbis News | Getty Images McDonald’s executives painted a rosy portrait of the fast-food giant’s strength and ability to achieve long-term goals at its investor day, but the company […]
Read More
Walmart's hiring and wage pressures have eased, CEO says
A worker stocks the shelves at a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Joe Raedle | Getty Images News | Getty Images After pandemic-fueled higher turnover and […]
Read More
Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show
Doug McMillon, chief executive officer of Walmart Inc., during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. Stefan Wermuth | Bloomberg | Getty Images Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict […]
Read More
How major retailers and Covid-era nostalgia helped revive the vinyl records industry
A stack of freshly pressed gold vinyl records at United Record Pressing. CNBC This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Once considered a dying industry, the vinyl record business […]
Read More
Dow climbs 100 details as hope grows Fed is finished raising premiums: Are living updates
Traders perform on the trading floor at the New York Stock Exchange (NYSE) in New York Metropolis, U.S., November 22, 2023. Brendan Mcdermid | Reuters Stocks rose Tuesday, resuming their November rally, as remarks from a Federal Reserve formal raised hope that the central lender might not want to raise interest rates even further. The […]
Read More
Black Friday weekend shopping turnout soars to a record, as consumers seek bargains
Shoppers browse for dresses during the Black Friday sale at the Vivo Activewear women’s clothing store in downtown Nairobi, Kenya November 24, 2023. Thomas Mukoya | Reuters Shoppers kicked off the holiday season with a bang, as a record 200.4 million people hit stores and searched websites for gifts from Thanksgiving Day through Cyber Monday, […]
Read More
Dow closes 100 details higher Friday as major averages increase for a 4th straight week: Stay updates
Traders operate on the floor at the New York Inventory Trade (NYSE) in New York Town, U.S., October 26, 2023. Brendan Mcdermid | Reuters The Dow Jones Industrial Average rose on Friday, as the big averages notched a four-7 days profitable streak. The 30-stock Dow rose 117.12 points, or .33%, to 35,390.15. Meanwhile, the S&P […]
Read More
American Dream mall in N.J. briefly evacuated on Black Friday over bomb threat
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic. Timothy A. Clary | AFP | Getty Images New Jersey’s American Dream Mall – the second largest mall in the country – was briefly evacuated on […]
Read More