Walmart's position as America's top retailer is in jeopardy following the announcement of significant layoffs and the mandate for remote employees to return to the office, signaling potential internal struggles and increased competition.
Industry
Tesla Shareholder Votes Against Elon Musk’s $55 Billion Pay Package, Says 'Tyrant CEO' Abandons EV Maker for His Other Firms
Billionaire Leo Koguan, the biggest retail shareholder of Tesla, has reportedly voted against reinstating the $55 billion compensation package of Elon Musk.
China's Nio Unveils First Car of New Brand 'Onvo' That'll Be About $4,000 Cheaper Than Tesla's Best-Selling Model Y
China's EV maker Nio has introduced the first vehicle from its new budget brand, Onvo, to compete with Tesla's best-selling Model Y car.
Visa to Change Credit, Debit Card Operations in US
Visa has implemented sweeping changes on how its credit and debit cards are used in the United States through the introduction of a single physical card that could be connected to multiple bank accounts.
Paramount, Amazon Initiate Talks on Expanding Media Partnership
Paramount has been reported to be talking with Amazon to expand its media partnership, including the bundled sales of channels and advertising measures.
Latest News
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
Tesco CEO Ken Murphy's pay jumps to £10M, doubling from last year due to stellar company performance.
Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.
AMC Entertainment successfully concluded a $250 million stock sale on Monday, thanks to the resurgence of the meme stock craze, which saw shares skyrocket by 90%.
OpenAI executives revealed how the newest ChatGPT can translate live conversations, read bedtime stories in multiple voices, and even teach math.
Elon Musk's Tesla has settled a lawsuit filed by a former factory worker who claimed she was dismissed after reporting sexual harassment incidents.
The OpenAI Startup Fund has successfully raised an additional $5 million. The OpenAI Startup Fund has successfully raised an additional $5 million, according to a filing with the US Securities and Exchange Commission (SEC).
President Joe Biden has signed a bipartisan bill that bans imports of enriched uranium from Russia. Uranium is the fuel most used by nuclear power plants.
Union leaders and lawmakers on Monday strongly criticized Boeing for locking out its unionized firefighters and urged the company to reach a fair contract agreement.
