Costco Wholesale Corp.’s financial chief assured analysts late Tuesday that theft hasn’t been a problem over the past year, after the membership warehouse chain reported quarterly results that topped Wall Street expectations….
Tag: Political/General News
Can a Luddite rebellion rise against Big Tech? A new book argues it can.
The term “Luddite” has been used as a pejorative term for centuries, as a way to suggest someone is fearful or ignorant of technology. Brian Merchant wants that to end. He would…
Amid talk about rising retail theft, new report finds a key metric hasn’t risen much
Retail executives over the past year have talked a lot about “shrink” — or the losses they take due to theft, fraud or employee error — amid a flood of headlines about…
Costco CFO says inventory ‘in good shape,’ thefts have not ‘dramatically’ increased as earnings top estimates
Costco Wholesale Corp.’s financial chief assured analysts late Tuesday that theft hasn’t been a problem over the past year, after the membership warehouse chain reported quarterly results that topped Wall Street expectations….
Stocks Slump Further, With Amazon Lawsuit Adding to Recent Pressure
Worries about rising bond yields and strengthening dollar weigh on Wall Street. Source link
OpenAI Seeks New Valuation of Up To $90 Billion in Sale of Existing Shares
Startup was valued at about $29 billion in share sale earlier this year. Source link
Biden tells UAW picket line to ‘stick with it,’ appears to endorse 40% raise
President Joe Biden offered praise and encouragement Tuesday to striking members of the United Auto Workers union, as he took the unprecedented step of joining them at a picket line in Belleville, Mich. “Stick…
FTC Sues Amazon, Alleging Illegal Online-Marketplace Monopoly
High-stakes case pits the e-commerce giant against agency chair Lina Khan’s aggressive antitrust stance. Source link
Here’s how the Republican presidential candidates say they’ll whip inflation
Inflation remains a top concern among Americans, so what do the Republicans seeking President Joe Biden’s job say they’ll do about it? MarketWatch asked the 2024 GOP White House hopefuls to give…
Amazon sued by FTC, which says the company is ‘exploiting its monopoly power’
The Federal Trade Commission filed an antitrust lawsuit against Amazon.com Inc. Tuesday, making for the highest-profile case yet in the agency’s attempt to rein in Big Tech. “Our complaint lays out how…