SECAUCUS, N.J. — Here, shoppers can browse engagement rings, tennis bracelets and pendant necklaces displayed behind glass. Then, they can walk a few yards to grab milk, cereal or socks. Welcome to Walmart. During recent inflation, the world’s largest retailer attracted new and higher-income shoppers with cheaper groceries. Now, it’s trying to cater to that … Read more
(NewsNation) — Houthi attacks in the Red Sea have caused some of the world’s biggest shipping companies to reroute their ships from the Suez Canal, impacting the global supply chain. Defense Secretary Lloyd Austin is urging other countries to join the U.S. in establishing a task force to fight terrorism in the Red Sea, saying … Read more
National Australia Bank will close five branches next year, the bank has confirmed. NAB retail executive Krissie Jones said the branches to be closed on March 7, 2024 are Tuggeranong in ACT, Scone in NSW, Emerald in Greater Melbourne, Runaway Bay on the Gold Coast and Balmain in Sydney. She said the closures were a … Read more
Israeli Prime Minister Benjamin Netanyahu has reiterated Israel’s aim of achieving “total victory” against Hamas, stating that the war is not just Israel’s but also the US’s, as it is also a battle against the “Iranian axis.” He said that the Iranian axis of terror is threatening to close the maritime strait of Bab el-Mandeb … Read more
Ella Clark didn’t have much time to goof around after she graduated from high school in June. The 18-year-old had to prepare for a federal hearing in San Francisco where she would square off with corporate lawyers representing the biggest coffee chain in the world. Clark believed Starbucks had violated her rights as she tried … Read more
Cruise, General Motors’ self-driving development subsidiary, will lay off almost a quarter of its workforce—about 900 employees—the company announced Thursday. The cuts are part of a broader restructuring to focus the robotaxi unit on a narrower path to commercialization. Instead of expanding its commercial robotaxi service to multiple US cities, the company will relaunch its … Read more
A Vans store is seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Shares of The North Face and Vans owner VF Corp. tumbled Monday after the company reported that a hack had affected its ability to fulfill some orders ahead of the holidays. The company said hackers encrypted “some” systems and made … Read more
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The combined company will be among the top three steel-producing companies in … Read more
Buy now pay later business Openpay has been put into voluntary liquidation nine months after halting services to customers. A notice has been issued for a virtual meeting of creditors on December 5 with Simon Cathro appointed as administrator, according to ASIC. The collapse of Openpay began in February when the company announced customers could … Read more
British Prime Minister Rishi Sunak is expected to call a general election at some point in 2024, but exactly when is becoming a source of increasingly fevered speculation among political observers. When is the vote due? The maximum term of a UK parliament is five years. The last nationwide vote took place on December 12, … Read more
