As Americans struggle with the cost of living, many are turning to Walmart to save. The discount retailer said it’s especially seeing growth among higher-income shoppers. “The majority of our share gains came from households making more than $100,000,” John Furner, who took over as CEO at the start of February, said Thursday morning on…
Who will Warner Bros. Discovery employees welcome as their new overlords? The feeling among the rank-and-file has changed over the last several months: Most WBD staffers are now supportive of Netflix‘s deal to acquire Warner Bros.’s studios and HBO Max rather than having WBD subsumed in its entirety by David Ellison’s Paramount Skydance, sources tell…
The U.S. federal agency that enforces workplace civil rights is suing a regional Coca-Cola bottler for sex discrimination, alleging the company discriminated against male employees by only inviting women to a company-sponsored networking event. The U.S. Equal Employment Opportunity Commission filed the lawsuit on behalf of a male employee of Coca-Cola Beverages Northeast who complained…
In a significant moment for activists advocating for Palestinian rights, twelve members of the Palestine Action group were recently released on bail after facing charges related to their protest actions against a UK defense firm associated with the Israeli military. This development comes amidst ongoing legal battles concerning the group’s designation by the British government,…
The discourse surrounding the Middle East remains deeply complex and multifaceted, particularly as figures like Mike Huckabee share perspectives that intertwine religious beliefs and geopolitical aspirations. These discussions often illuminate the broader narrative of territorial claims and conflicts, shedding light on the region’s diverse historical and cultural contexts. As nations grapple with their identities and…
David Ellison’s heated battle with Netflix for ownership of Warner Bros. Discovery could wind up playing out prominently in Brussels, where regulatory officials are expected to formally open an antitrust probe as part of their approval procedure, once a deal with one of the two contenders is sealed in the U.S. But even before a…
The grandson of the inventor of Reese’s Peanut Butter Cups has lashed out at The Hershey Co., accusing the candy company of hurting the Reese’s brand by shifting to cheaper ingredients in many products. Hershey acknowledges some recipe changes but said Wednesday that it was trying to meet consumer demand for innovation. High cocoa prices…
NEW DELHI (AP) — Indian Prime Minister Narendra Modi on Thursday invited leaders of some of the top artificial intelligence companies to gather on stage as part of a commitment to build more “inclusive and multilingual” AI around the world. And they did. But what caught some of the audience’s attention, and later went viral…
A California judge admonished members of Mark Zuckerberg’s team for wearing Ray Ban-Meta AI glasses, which are equipped with a camera, as they entered a Los Angeles courtroom on Wednesday for a landmark trial over the impact of social media on children. “The judge upbraided the Meta team and said if you guys have recorded…
The sell-off is the latest to rock the fast-growing private credit market that has minted new power players on Wall Street © Michael Nagle/Bloomberg Shares of the biggest private investment managers on Wall Street tumbled on Thursday after Blue Owl permanently restricted investors from exiting a debt fund for retail investors, sending shivers through the industry….
In a significant decision, the United States Supreme Court has declared that former President Donald Trump’s implementation of global tariffs was unlawful, raising critical questions about the extent of presidential powers under the International Emergency Economic Powers Act (IEEPA). The 6–3 ruling emphasizes the court’s interpretation of the law, indicating that while the President can…
The recent ruling by the United States Supreme Court regarding the legality of President Donald Trump’s global tariffs underscores a significant shift in the landscape of trade policy and executive authority. As the court scrutinizes the president’s use of emergency powers, the implications of this decision reverberate not just through businesses but also raise critical…
OpenAI has partnered with India’s Tata Group to secure 100 megawatts of AI-ready data center capacity in the country, with plans to scale to 1 gigawatt. The move is part of a broader push to deepen the company’s enterprise and infrastructure footprint in one of its fastest-growing markets. OpenAI announced on Thursday that the partnership…
Nowadays the major airlines in the United States earn much of their profits from their loyalty programs, and in particular, their co-branded credit card businesses. Even though the “big three” carriers are already raking in billions per year from these programs, they still see a lot of upside. As a result, a lot of the…
Tensions remain high in the region as violence continues to escalate, particularly with recent incidents involving Israeli strikes on Lebanese territory, impacting Palestinian communities. The complexities of the Israeli-Lebanese relationship, shaped by historical grievances and the presence of armed groups, often lead to tragic consequences, including civilian casualties. Understanding the broader context of repeated hostilities…
In a significant legal development, the U.S. Supreme Court has invalidated former President Donald Trump’s controversial use of a national emergency declaration, which he employed to implement extensive global tariffs. This ruling not only underscores the balance of power within the federal government but also emphasizes the court’s role in protecting domestic and international trade…
NEW DELHI, Feb 19 (Reuters) – OpenAI will become the first customer of India’s Tata Consultancy Services’ data centre business, beginning with 100 megawatts of capacity, part of the global AI infrastructure initiative Stargate, the companies said. Stargate is a $500 billion multi-year initiative to build AI data centres for training and inference, backed by…
I was secretary of labor 30 years ago when the U.S. economy was producing an average of 200,000 new jobs a month. I remember holding news conferences on “jobs days” each month. I felt confident about the strength of the economy. What worried me then was that the new jobs didn’t pay well. (A disgruntled…
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FUNDAMENTAL OVERVIEW The Nasdaq failed to rally on the slightly soft US CPI report last Friday and continued to range. We now have another major risk for the market as a potential US-Iran war could trigger a big selloff. In fact, we got a report from Axios yesterday suggesting that a war between the U.S….
Walmart’s stock has more than doubled in the past two years, driving its market capitalisation above $1tn © Reuters Walmart has lost its crown as the world’s largest company by sales to Amazon despite reporting record annual revenues. The US retailer reported sales of $190.7bn in its fourth quarter, up 5.6 per cent year on…
In recent events unfolding in Venezuela, the struggle for political freedom remains a precarious journey, even following the release of prominent opposition figures. The challenges faced by former political prisoners like Jesus Armas and Juan Pablo Guanipa spotlight an enduring climate of fear and repression, raising questions about the government’s true commitment to reform. As…
Blue Owl’s announcement came as part of a $1.4bn sale of credit assets across three of its funds © FT montage/Dreamstime Private credit group Blue Owl will permanently restrict investors from withdrawing their cash from its inaugural private retail debt fund, backtracking from an earlier plan to reopen to redemptions this quarter. The New York…
Bitcoin trading remained volatile on Thursday, rising to around $67,000 after briefly dipping near $65,900, as traders weighed a new message from U.S. President Donald Trump claiming the nation’s trade deficit has been cut by 78% thanks to tariffs and could turn positive later this year. “The United States trade deficit has been reduced by…
US President Donald Trump, centre, has increasingly sought to present the ‘Board of Peace’ as an alternative to the UN © Jonathan Ernst/Reuters JPMorgan Chase is in talks to provide banking services to the “Board of Peace”, the US-led institution tasked with rebuilding Gaza that Donald Trump is seeking to position as a rival to…
WASHINGTON (AP) — Tariffs paid by midsize U.S. businesses tripled over the course of past year, new research tied to one of America’s leading banks showed on Thursday — more evidence that President Donald Trump ‘s push to charge higher taxes on imports is causing economic disruption. The additional taxes have meant that companies that…
In a pivotal moment for international sports, the decision by the International Paralympic Committee (IPC) to allocate ten slots for athletes from Russia and Belarus has ignited controversy, particularly in the context of ongoing tensions arising from the conflict in Ukraine. This decision, allowing athletes to compete under their national flags at the upcoming Milano…
The recent news surrounding former British prince Andrew Mountbatten-Windsor highlights the complex interplay of public scrutiny, scandal, and legacy within royal families. As he becomes the first British royal in over three centuries to face arrest, this situation reignites discussions regarding accountability and the evolving expectations of historical institutions in a modern context. This arrest…
Federal Reserve Governor Michael S. Barr issued a stark warning on Tuesday regarding the potential trajectory of artificial intelligence, outlining a scenario where rapid technological advancement will create a “jobless boom” that leaves a significant portion of the population “essentially unemployable.” Speaking before the New York Association for Business Economics on Feb. 17, Barr discussed…
Parent Current By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (50 U.S.C. 4501 et seq.) (the “Act”), and section 301 of title 3, United States Code, it is hereby ordered: Section 1. Policy and…
President Donald Trump speaks with reporters aboard Air Force One, Monday, Feb. 16, 2026, en route to Washington from West Palm Beach, Fla. (AP Photo/Matt Rourke) President Donald Trump’s Commodity Futures Trading Commission Chairman Brian Selig elicited a stern reply from Utah Governor Spencer Cox (R) this week when he promised to stop state governments…
787 Dreamliner operator places first Boeing single-aisle order as part of its growth strategy Versatile 737-8 jets will expand Vietnam’s short- and medium-haul network amid rising travel demand WASHINGTON, Feb. 18, 2026 /PRNewswire/ — Boeing [NYSE: BA] and Vietnam Airlines announced today the Vietnamese flag carrier finalized its first Boeing single-aisle order for 50 737…
Traders work on the floor of the New York Stock Exchange at the opening bell, Feb. 18, 2026. Angela Weiss | Afp | Getty Images Stocks fell on Thursday, leaving the S&P 500 near the flat line for the year, as investors shifted away from financials and monitored simmering tensions between the U.S. and Iran….