Walmart offers discounted membership package as inflation weighs on shoppers
Jharonne Marti, head of consumer research at LSEG, discusses the consumer mindset and Walmart’s overreaction to the idea of ”Making Money.” Walmart announced Tuesday the launch of a new membership plan that gives shoppers access to…
PSA trading cards stolen during delivery truck heist
Thanks to the popularity of card games like Pokémon, the trading card industry has become booming. multi-billion dollar industry – and the criminals want a piece of the action. For example, collectors who sent their valuable trading cards to PSA, or…
Walmart launches joint Walmart+ and Sam’s Club Plus membership
Walmart announced a new joint membership Tuesday combining its namesake chain and subsidiary Sam’s Club, as the retailer leans more into convenience and value to woo cash-strapped shoppers. The membership, which combines Walmart+ and Sam’s…
US bans DeepSeek from government agency systems
The Trump administration has banned Chinese AI startup DeepSeek from US civilian government agencies, citing security concerns. The Department of Homeland Security released the order Monday requiring federal civilian agencies to remove DeepSeek-related…
United Airlines CEO: ‘We should have a national wealth tax’
United Airlines CEO Scott Kirby gave an in-depth and often provocative interview to the New York Times, defending fees for aisle and window seats and opposing rising airfares by saying that “flying on airplanes is expensive.” “There are…
Asian stocks slump as AI jitters hit Korean chipmakers ahead of tech profits By Investing.com
Investing.com — Asian stocks fell Tuesday as renewed concerns over financing and profitability of the artificial intelligence boom weighed on technology stocks ahead of a busy week of corporate earnings. South Korea led the regional losses, falling…
Meet buyers completely unmoved by 7% mortgage rates
By Aarthi Swaminathan Individual investors and second home buyers accounted for 1 in 5 home purchases in September – the highest share in just over a year. While mortgage rates above 7% are prompting everyday house hunters to exit the market, data…
South Korean data center maker falls 32% in trading debut
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Shares of a South Korean data center builder fell by almost a third on their first day of trading, reinforcing growing…
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US sanctions five Chinese entities for stealing trade secrets from former Google engineer
THE US Department of State announced Monday that it was imposing drastic sanctions under the United States Intellectual Property Protection Act (PAIPA) on five Chinese entities suspected of stealing trade secrets from American companies. Targets include…