Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart.Even though affluent shoppers helped drive the retailer's latest beat on ...
Tag: business news
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla's massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it's cutting ...
China consumption slows as retail sales and investment data disappoint
Pictured here is a BYD factory producing new energy-powered trucks in Huai'an, China, on February 21, 2024.Nurphoto | Nurphoto | ...
Frontier Airlines does away with change fees in budget airline pricing overhaul
A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Feb. 27, 2020.Elizabeth Page Brumley | ...
OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it
OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced ...
Chinese EV maker Xpeng aims to deliver its first flying car in 2026
Xpeng's "Land Aircraft Carrier" vehicle has a flying passenger drone hidden inside the truck. The drone can detach.XPENG AEROHTXpeng AeroHT, ...
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on ...
India ‘very favorable’ for IPOs, Peak XV says, as economy and investor sentiment stay strong
Shailendra Singh, managing director of Peak XV Partners.Lionel Ng | Bloomberg | Getty ImagesIndia offers a "very favorable" environment for ...
The NBA is picking its TV partners — and a deal hinges on Warner Bros. Discovery’s next move
NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at ...
Canada Goose jumps 16% after the company reports growth surge in China
Chris So | Toronto Star | Getty ImagesShares of Canada Goose surged 16% on Thursday after the company reported earnings ...
