Walmart bets inflation will push customers to join subscription service

Walmart launched its subscription service, Walmart + in 2020. It has added perks, including deeper gas discounts and free access to Paramount +. Walmart Americans have tons of subscriptions. Even with inflation, Walmart thinks they’re willing to pay for one more. Walmart’s subscription service is Walmart +. The program includes benefits such as free shipping … Read more

Unions could face obstacle in 2023 if economy falls into recession

Hannah Whitbeck (C) of Ann Arbor, Michigan, speaks as Alydia Claypool (L) of Overland Park, Kansas, and Michael Vestigo (R) of Kansas City, Kansas, all of whom say they were fired by Starbucks, listen during the ” Fight Starbucks’ Union Busting “rally and march in Seattle, Washington, on April 23, 2022. Jason Redmond | AFP … Read more

Facebook scrambles to escape death spiral as users flee, sales drop

Facebook CEO Mark Zuckerberg testifies before the US House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capitol Hill in Washington on Oct. 23, 2019. Xinhua News Agency | Getty Images A year ago, before Facebook had turned Meta, the social media company … Read more

How to make the most of Amazon’s ‘Prime Day’ and Target’s ‘Deal Days’

Holiday shoppers are getting a head start on the season, and a few big-name retailers are paving the way. Amazon recently announced a two-day “Prime Early Access Sale” kicking off on Oct. 11, and Target is running its own “Deal Days” starting Oct. 6. “It’s just an arms race,” said Jeffrey Galak, an associate professor … Read more

Amazon’s $ 999 dog-like robot is getting smarter

CNN – Amazon on Wednesday unveiled a collection of product updates that tie together its vast suite of services and help ensure it remains at the center of peoples’ lives and homes. Nearly a year after Amazon (AMZN) was met with criticism over its controversial vision for the future of home security, the company is … Read more

Kindle Scribe, Halo Rise, new Echos announced

Amazon unveils new smart TV, the Fire TV Omni QLED Series Amazon Fire TV Omni Series in QLED Amazon Amazon just announced a new TV: The Amazon Fire TV Omni Series in QLED. Aside from its QLED display, the TV has Dolby Vision IQ and HDR10 + Adaptive for the first time. Its adaptive brightness … Read more

Lionsgate leans toward spinning off studio business instead of Starz

Michael Burns Michael Newberg | CNBC Lionsgate is leaning toward spinning off its studio division rather than its Starz cable and streaming unit, according to people familiar with the matter. Shares of the company jumped about 4% in premarket trading. This would be a change in strategy for the media and entertainment company, which said … Read more

5 things to know before the stock market opens Monday, September 26

Raphael Bostic at Jackson Hole, Wyoming David A. Grogan | CNBC Here are the most important news items that investors need to start their trading day: 1. Bad start for stocks Stocks are still in a funk. The three major indices were down Monday, indicating that last week’s troubles would continue. On Friday, the Dow … Read more

What Kroger, Walmart, Target learned from China about grocery’s future

Now going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn’t looking back. Kroger has adopted an omnichannel strategy, integration of offline or in-store sales with online orders and logistics. It’s a concept that originated in China in 2016 when founder Jack … Read more

Tech stocks worst two-week stretch since the start of pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged … Read more