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Walmart pulls quarterly operating income forecast, citing Trump’s tariffs

Walmart pulls quarterly operating income forecast, citing Trump’s tariffs

Business News

A Walmart Supercenter in Burbank, California, on Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images DALLAS, Texas — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across […]

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Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast

Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast

Business News

Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Delta Air Lines won’t expand flying in the second half of the year because of disappointing bookings amid President Donald Trump’s shifting trade policies, which CEO Ed Bastian called “the wrong approach.”

Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast Read More »

U.S. financial regulator says email hack exposed sensitive data on banks

U.S. financial regulator says email hack exposed sensitive data on banks

Business News

A pedestrian passes the seal of the Office of the Comptroller of the Currency (OCC) displayed outside the organization’s headquarters in Washington, D.C., U.S., on Wednesday, March 20, 2019. Andrew Harrer | Bloomberg | Getty Images The Office of the Comptroller of the Currency on Tuesday said that a February hack of its email systems

U.S. financial regulator says email hack exposed sensitive data on banks Read More »

Walmart is facing tariffs and recession fears. It may have a secret weapon to keep growing

Walmart is facing tariffs and recession fears. It may have a secret weapon to keep growing

Business News

Shoppers at the Walmart Supercenter in Burbank during Walmart’s multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images As tariffs roil the U.S. economy, Walmart may find safety in a new part of its business that’s driving more store traffic and online sales:

Walmart is facing tariffs and recession fears. It may have a secret weapon to keep growing Read More »

‘Minecraft’ box office jolt offers hope for the summer slate

‘Minecraft’ box office jolt offers hope for the summer slate

Business News

Jack Black, Jason Momoa, and Sebastian Hansen as seen in Warner Bros. and Legendary Entertainment’s “A Minecraft Movie.” Warner Bros. Warner Bros.’ struck gold over the weekend. “A Minecraft Movie,” the studio’s co-production with Legendary Entertainment, snapped up $163 million at the domestic box office during its debut. The movie not only set a record

‘Minecraft’ box office jolt offers hope for the summer slate Read More »

Walgreens tops estimates as drugstore chain cuts costs, prepares to go private

Walgreens tops estimates as drugstore chain cuts costs, prepares to go private

Business News

A sign for US drugstore chain Walgreens is displayed outside its store in New York City on March 7, 2025. Angela Weiss | AFP | Getty Images Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private. The company

Walgreens tops estimates as drugstore chain cuts costs, prepares to go private Read More »

Fake job seekers are flooding U.S. companies that are hiring for remote positions, tech CEOs say

Fake job seekers are flooding U.S. companies that are hiring for remote positions, tech CEOs say

Business News

An image provided by Pindrop Security shows a fake job candidate the company dubbed “Ivan X,” a scammer using deepfake AI technology to mask his face, according to Pindrop CEO Vijay Balasubramaniyan. Courtesy: Pindrop Security When voice authentication startup Pindrop Security posted a recent job opening, one candidate stood out from hundreds of others. The

Fake job seekers are flooding U.S. companies that are hiring for remote positions, tech CEOs say Read More »

GM reveals Corvette EV concept car as it reconfirms commitment to Europe

GM reveals Corvette EV concept car as it reconfirms commitment to Europe

Business News

An angle view of the new Chevrolet Corvette concept car. GM DETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England. The car features a sleek, aerodynamic exterior that resembles a futuristic IMSA race car more than a traditional Corvette, but

GM reveals Corvette EV concept car as it reconfirms commitment to Europe Read More »

Restaurant stocks fall as investors fear recession, sales slowdown

Restaurant stocks fall as investors fear recession, sales slowdown

Business News

Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike Blake Mike Blake | Reuters Restaurant stocks fell in morning trading Monday, fueled by investors’ fears that a recession is coming. U.S. stocks have tumbled for three consecutive days after President Donald Trump shocked the markets with high

Restaurant stocks fall as investors fear recession, sales slowdown Read More »

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