Walmart said on Wednesday that it expects stubborn inflation to continue weighing on its business this year as it prepares to lay off thousands of employees. “We’re assuming that this year is going to be somewhat anomalous,” Chief Financial Officer John David Rainey said at the company’s investor meeting, according […]
FOX Business News
Devasting tornadoes hit US: Tips for staying safe after storms
The Consumer Product Safety Commission (CPSC) is offering safety tips – including how to avoid carbon monoxide poisoning – after devastating storms slammed parts of the U.S. this week. “With another round of severe weather, including possible tornadoes, threatening multiple states this week, CPSC is urging consumers to take steps […]
Catan board game creator Klaus Teuber dead at 70
The creator of the popular settlement-building board game Catan has died at 70 following a brief illness, his family announced Wednesday. Klaus Teuber’s game, which launched as The Settlers of Catan in 1995, has gone on to sell more than 40 million copies worldwide, its website says. “It is with […]
California residents need to make this much money to be happy, research says
To be happy living in California, the most populous U.S. state, residents need to make a minimum annual salary of $145,635, according to a new report. In research shared in March, GOBankingRates.com estimated how much money a person might need in every state to be happy or have “emotional well-being.” […]
Good news: This week’s private student loan interest rates lower for 5-year loans
During the week of Mar 27, 2023, average private student loan rates rose for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year variable-rate loans and lowered for 5-year variable-rate loans. Through Credible, you can compare private student loan rates from multiple […]
Cash App founder Bob Lee murder: Business world ‘in shock’
Friends and former colleagues in the tech world mourned the death of Cash App founder Bob Lee on Wednesday, just hours after the CEO was stabbed to death in an apparently random attack. Lee, 43, was killed early Tuesday morning in San Francisco, and his attacker has yet to be […]
Amazon shutting down its global online bookseller
Amazon – which has been trimming costs amid the uncertain economy – is now getting rid of its global online bookseller, The Book Depository. The online book retailer posted a note on its website this week that it will be closing on April 26 after operating for nearly two decades. […]
ChatGPT AI lists jobs it can do better than humans as millions could be put out of work
OpenAI’s wildly popular chatbot, ChatGPT, is expected to replace 4.8 million U.S. jobs, according to a new report. Outplacement and executive coaching firm Challenger, Gray & Christmas recently asked ChatGPT’s bot a series of questions, including “What jobs can ChatGPT replace?” and what fields the bot would be most capable […]
Celebrity real estate agent says LA market taking ‘slow’ turn as mansion tax goes into effect
After “extraordinary” buyer and seller frenzies during the month of March, one of the biggest names in Los Angeles real estate has warned the market has already taken a turn for the worst in the early days of L.A.’s “mansion tax.” “Over the last month, two months, we’ve been looking […]
Banking crisis may lead to recession: Fannie Mae
Due to recent bank closures and the Federal Reserve’s ongoing tightening of monetary policy to cool off inflation, experts now expect a recession to emerge in the second half of 2023, according to analysis by Fannie Mae’s Economic and Strategic Research (ESR) Group. Prior to the pressure on the banking […]