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At stake is the role of a wide spectrum of players, from fintech firms to card companies and established banks. Walmart's Fintech startup One is now offering BNPL loans in Secaucus, New Jersey. Buy now, pay later has gained popularity with consumers for everyday items as well as larger purchases. A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Meanwhile, Walmart said last year when its lawsuit became public that it would soon announce a new credit card option with "meaningful benefits and rewards."

Persons: Joe Raedle, Goldman Sachs, Omer Ismail, Hugh Son, BNPL, Jason Mikula, Amazon's, Karma, John Furner, John David Rainey, Dot, " Rainey, Rainey, Morgan Stanley, Walmart's, Yichuan Cao Organizations: Walmart, Getty, CNBC, New Jersey Walmart, Apple, Electronics, Adobe Analytics, Bank of Walmart, Robinhood, Walmart U.S, Coastal Community Bank, Capital, PayPal Locations: Hallandale Beach , Florida, Bentonville , Arkansas, Manhattan, Secaucus , New Jersey, New Jersey, U.S, Mountain View , California, United States

☆ ‘Drive to Survive’ or Ride to Thrive? MotoGP looks to break out of F1’s shadow after $4.2 billion deal
▼ + stars: | 2024-04-17 | by ( Jonathan Hawkins | ) edition.cnn.com time to read: +9 min

One thing that MotoGP has in its favor is its frequently raucous unpredictability, a far cry from the sometimes-processional nature of F1. Reigning double world champion Pecco Bagnaia agreed. What that documentary series delivered in spades was human drama, making household names out of F1’s competitors and their teams. Mirco Lazzari gp/Getty ImagesThree-time MotoGP world champion Wayne Rainey now runs the MotoAmerica series, which nurtures US motorcycle track talent, as well as King of the Baggers. We need entertainment, and now Baggers are here at MotoGP, strictly to help build the crowd, build the excitement, and in the end it’s about entertainment.”Wayne Rainey is a three-time MotoGP world champion.

Persons: COTA, ” Carlos Ezpeleta, Pecco Bagnaia, “, ”, Dan Rossomondo, doesn’t, Rossomondo, ’, ’ ”, Marc Marquez, ” Marquez, Valentino, Rossi, Dani, Pedrosa, Jorge, Lorenzo, Casey, Stoner, Roland Sands, Jonathan Hawkins, Harley Davidson, Sands, “ You’ve, who’s, ” Sands, Viñales, ” Rossomondo, Lionel Messi, Valentino Rossi, Mirco Lazzari, Wayne Rainey, King, Wayne, Rainey, ” Wayne Rainey, Natalie Cardenas, Christopher, Silas, Jack, “ We’ve, Natalie, ” Christopher, Maverick Viñales, Pedro Acosta’s, Bastianini, you’ve, it’s Organizations: Texas CNN, Formula, Liberty Media, MotoGP, Liberty, CNN, One, Premier League, “, Sprint, CNN Sport, Ducati, Maverick, Aprilia, MotoGP’s Locations: Austin, Texas, Austin , Texas, Americas, California, America, Italian, States, Spain, COTA

☆ US Army general says the 'future is not bright' for towed artillery, like the M777s America gave Ukraine to fight the Russians
▼ + stars: | 2024-03-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewA US Army general said the age of the towed artillery cannon may be coming to an end and suggested the prioritization of other, more mobile options. The general's comments on towed artillery, systems like the M777 howitzer, come as these weapons are being used in the war in Ukraine. Related stories"I personally believe that we have witnessed the end of the effectiveness of towed artillery: The future is not bright for towed artillery," Rainey said, according to Breaking Defense. US soldiers fire a M777 towed 155 mm howitzer during an exercise at Vilseck, Germany on Feb. 13, 2024. Drones, for instance, have dominated the skies and have easily targeted artillery systems and denied troops mobility and access to safely move pieces to new positions.

Persons: —, James Rainey, Rainey, William Kuang, Charlie Battery, Savannah Smith, it's Organizations: Service, Army, Artillery, Business, Association of, United States Army's Global Force, US Army Futures Command, Breaking Defense, Spc, US Army, Defense, Cannon Artillery, Arkansas National Guard, 1st Battalion, 206th Field Artillery Regiment, Fort Chaffee, 119th Mobile Public Affairs, Kyiv Locations: Ukraine, Kyiv, Vilseck, Germany, Russia

LOS ANGELES (AP) — There is a whole other show that happens offscreen at the Oscars that the home audience doesn't see on television. “It’s not OK, it’s bad, I’m going home.”GRETA GERWIG AND THE COSTUME DESIGNERSOut in the lobby Gerwig had a fan who wanted to talk to her about something very specific: Ann Roth’s ‘Barbie’ cameo. During the performance, the Dolby Theatre took on the feel of a Taylor Swift concert, with everyone in the room standing and breaking into spontaneous, joyous dance. And the biggest fan in the room was Gerwig, who was given her own personal Ken right up in her face. During the commercial break Mark Ronson found his way to Gerwig, Robbie and a crowd of admirers.

Persons: Martin Scorsese, Margot Robbie, Ryan Gosling, Carey Mulligan, Jimmy Kimmel’s, Marcus Mumford, Emma Stone, Jennifer Lawrence, Greta Gerwig beelined, Robbie, Joy Randolph, Mulligan, Mumford, EMMA, ”, attentively, Florence Pugh, Pugh, John Cena, “, Stone, GRETA GERWIG, Gerwig, Ann Roth’s ‘ Barbie, Eduardo Castro, who’s, Roth, “ Barbie, Kimmel, She’s, Ma, ” Castro, Betty ”, ” Gerwig, Greta, Noah Baumbach, Gosling, Taylor, Ken, Mark Ronson, Ronson, Downey, Emily Blunt, chatted, Ball, Cord Jefferson, Kate McKinnon, Marlee Matlin, Steven Spielberg, Barbie ”, I’m Organizations: ANGELES, Associated Press, America, Dolby Theatre Locations: Gerwig

☆ Grocers are trying to get orders to your door faster than ever — here's why
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning. With same-day deliveries, the three retailers are not only trying to outmatch one another on convenience. With Target's announcement this week, Walmart, Target and Kroger will all have paid membership programs with home deliveries as one of the benefits. Kroger has used online delivery to break into new regions of the country, including Florida, without opening a single grocery store. Walmart and Target both beat Wall Street's sales expectations for the holiday quarter, but said shoppers are still very value-focused.

Persons: Kroger, Michael Baker, Davidson, Davidson's Baker, John David Rainey, Rodney McMullen, That's, McMullen, We've Organizations: Target, Walmart, D.A, Kroger, Costco, Albertsons, FTC, Wall Locations: U.S, Florida

☆ Target launches paid membership program as it chases new revenue streams
▼ + stars: | 2024-03-05 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon and Walmart . The paid membership tier will launch in early April and initially cost $49 per year, Sylvester said. Customers who have a Target Circle credit card will be able to pay the lower price of $49 per year beyond that. The retailer will also relaunch its free Target Circle loyalty program, which debuted in 2019, to make it easier to use and more personalized. It costs $98 per year or $12.95 per month, with perks like free shipping, free grocery deliveries for orders of at least $35 and gas discounts.

Persons: riffing, Cara Sylvester, Sylvester, Jeff Bezos, Doug McMillon, John David Rainey Organizations: Amazon, Walmart, CNBC PRO Locations: New York City

Go beyond financial literacy"Gone are the days that we can hide behind the illusion that more financial literacy is enough," says Rahkim Sabree, AFC, financial therapist and counselor. Currently, 25 states require financial literacy education for students; however, rarely, if ever, does financial literacy address larger systemic issues that exist. Black students owe an average of 188% more than what white students borrowed by the fourth year after graduation. One 2016 study found that if current trends continue, closing the wealth gap would take more than 200 years. AdvertisementYounger Black Americans have now become the fastest-growing demographic of new investors in the stock market.

Persons: —, Martin Luther King, Jr, Moritz Kuhn, Moritz Schularick, Ulrike I, Rahkim Sabree, We've, Kristin Afelumo, Lazetta Rainey Braxton, Braxton Organizations: Service, Business, Federal Reserve Bank of Minneapolis, Black, National Bureau of Economic Research, Economic Policy Institute, AFC, Bureau of Labor Statistics, Netflix, Lazetta, Associates Locations: America, Evanston , Illinois, Black

Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.

Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California

☆ Walmart's average customer is a suburban baby boomer who spent $3,578 there last year
▼ + stars: | 2024-02-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

4,600 locations in the US The company also has among the highest customer loyalty for leading retail brands. Walmart's average customer is a white baby boomer who owns her home and earns less than $80K per year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Because of the retail giant's scale, the average Walmart customer has a lot in common with the average US shopper, according to data from the consumer analytics firm Numerator. Roughly 95% of the shoppers in Numerator's survey visited Walmart two or more times in the past year.

Persons: —, John David Rainey Organizations: Walmart, Service

☆ It looks like high-income shoppers are becoming increasingly loyal to Walmart
▼ + stars: | 2024-02-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Walmart is cutting prices on essentials like eggs and breadInflation has cooled in recent months after soaring during the pandemic. "Some of this is the result of customer acquisition becoming more modest, and some is because of the continued financial pressure on core Walmart shoppers which is seeing them cut back on non-essential spending," he wrote. Saunders noted that lower levels of inflation would make it harder for Walmart to acquire new customers. "This essentially puts Walmart in the position of having to work far harder and more creatively to generate growth," he wrote.

Persons: Walmart's, —, John David Rainey, Rainey, Neil Saunders, Saunders, Doug McMillon, McMillon, John Furner, Furner Organizations: Walmart, Service, GlobalData, Bureau of Labor Statistics, Shoppers

☆ Walmart beats Wall Street’s holiday expectations as e-commerce sales soar
▼ + stars: | 2024-02-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

In this article WMT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowWalmart said Tuesday that quarterly revenue rose 6%, as shoppers turned to the big-box retailer throughout the holiday season and the company's global e-commerce sales grew by double digits. Yet, he said even after the holiday rush, Walmart saw continued sales strength. Walmart said it expects consolidated net sales to rise 4% to 5% in its fiscal first quarter. Comparable sales, an industry metric also known as same-store sales, rose 4% for Walmart U.S. At Sam's Club, comparable sales increased 1.9%, including fuel. Global e-commerce sales jumped 23% year over year, topping $100 billion in total.

Persons: John David Rainey, Rainey, Walmart's, Doug McMillon, McMillon Organizations: Walmart, CNBC, Electronics, LSEG, Walmart U.S, Sam's Club, Global, Home Locations: U.S

☆ Walmart Reports Rising Holiday Sales as Shoppers Seek Value
▼ + stars: | 2024-02-20 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +2 min

The NumbersWalmart said its comparable store sales were up 4 percent in the three months that ended in late January compared with the year before. In addition to its same-store sales, Walmart said its U.S. e-commerce business increased 17 percent. At the same time, many retailers, including Walmart, focused on value last year as the economy cooled and shoppers became more selective. The Road AheadAnalysts expect retail sales to continue to moderate this year after a surge in consumer spending during the early stages of the pandemic. U.S. retail sales fell 0.8 percent in January from a month earlier, according to data released from the Commerce Department last week.

Persons: John David Rainey Organizations: Walmart, Target, Kroger, National Retail Federation, Analysts, Commerce Department Locations: U.S

☆ Kansas City shooting: Police investigating what motivated shooter at a Chiefs Super Bowl celebration
▼ + stars: | 2024-02-14 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +10 min

Andrew Caballero-Reynolds/AFP/Getty Images In pictures: Shooting in Kansas City after Chiefs celebration Prev NextThe celebration started with Chiefs players on double-decker buses, including Super Bowl MVP Patrick Mahomes, waving to fans as they rolled through the city. He said he immediately picked up his daughter and sheltered in a nearby restaurant with Kansas City Chiefs players, owners, family members and Chiefs head coach Andy Reid. The Kansas City Chiefs said its players, coaches and staff are all accounted for and safe. Kansas City Chiefs star tight end Travis Kelce expressed anguish over the shooting. “For this joy to be turned to tragedy today in Kansas City cuts deep in the American soul.

Persons: Stacey Graves, “, Graves, ”, Lisa Lopez, Galvan, ” Kelly Dougherty, Lisa Augustine, Quinton Lucas, CNN Paul Contreras, Contreras, CNN’s Erin Burnett, ” Contreras, ” Graves, ‘, Andrew Caballero, Reynolds, Charlie Riedel, Jamie Squire, Reed Hoffmann, David Rainey, Kirby Lee, David Eulitt, Patrick Mahomes, Manny Abarca, CNN’s Laura Coates, ” Abarca, Andy Reid, Abarca, ” Madison Anderes, He’s, ” Anderes, Anderes, Mayor Lucas, ” Lucas, Travis Kelce, ” Kelce, Joe Biden Organizations: CNN — Police, Kansas City Chiefs, Bowl, Chiefs, Kansas City Police, CNN, Kansas City, ” Police, FBI, Alcohol, Tobacco, Firearms, Explosives, Justice, Police, KC, Authorities, Mercy Hospital, Lisa Augustine . Kansas City, Wednesday, Getty, Law, USA, Sports, Reuters Police, Reuters Law, Super, Kansas City Public School Board, Union Station, Station Locations: Kansas City , Missouri, United States, Kansas, Kansas City, KKFI, Lisa Augustine . Kansas, AFP

☆ What Walmart’s new focus on employee stock could mean for the wealth of the average American household
▼ + stars: | 2024-02-03 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."

Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S

☆ With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend
▼ + stars: | 2023-11-24 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

And a steady drip of Black Friday deals, started early in November at many retailers, has also delayed the rush, as some shoppers bet that the best deals are still coming. Holiday shoppers spent 7% less in dollars and 6% less in units from mid-October to mid-November compared with the year-ago period, Circana found. Mario Tama | Getty Images News | Getty ImagesBlack Friday state of mindAmong the biggest themes this holiday season: shoppers are hungry for deals and willing to wait for them. "We're going to have a sustained drumbeat of great offers for the entire holiday season, starting this week," he said on a call with CNBC. Some retailers, such as Best Buy, are trying to rush shoppers to hit the "buy" button by dangling short-term sales.

Persons: Melissa Repko, Mario, Luigi, Nintendo's, Lowe's, Marshal Cohen, Circana, " Cohen, You've, you've, Barbie, Mario Tama, John David Rainey, Rainey, Steve Madden, Edward Rosenfeld, Marvin Ellison, Ellison, Corie Barry, Macy's Organizations: CNBC, National Retail Federation, Walmart, Nordstrom, Target, Dick's Sporting, Amazon's, NPD, Consumers, Getty, nab, Footwear, Shoppers, Disney Locations: New York City, Manhattan, Dallas, Los Angeles, Burbank , California

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

NEW YORK (AP) — Colman Domingo has a commanding physical presence, an expressive face and soulful eyes. His performance in George C. Wolfe's “Rustin" — Domingo's first time atop the call sheet — has made the 53-year-old journeyman actor a favorite for a best actor Oscar nomination. Though celebrated — Colman shared in an Obie award for ensemble — once the play closed, Domingo found himself bartending again. “I would be talking with Mark Rickler the production designer, ‘Oh, Colman could do that.’ Part of my brain would go, ‘Oh, Colman could do that,’' recalls Wolfe. “And she clutches her heart and says, ‘Oh, Colman.’ And then we started hiking again.”___Follow AP Film Writer Jake Coyle at: http://twitter.com/jakecoyleAP

Persons: — Colman Domingo, Bravo’s “ Zola, Bayard Rustin, “ Rustin, ”, Steven Spielberg’s “, Domingo, isn’t, ” Domingo, “, There’s, George C, Wolfe's “ Rustin, —, Oscar, It’s, I’ve, “ Rustin ”, Michelle Obama, Domingo’s, he’s, wasn’t, I’m, Blitz Bazawule, “ Colman, Bogart, Daniel, Colman, Rustin, Martin Luther King Jr, Rachelle Horowitz, ‘, ’ ” Domingo, — Colman, bartending, Donna Summer, Oprah Winfrey, Oprah, Tony, Victor Strand, Barry Jenkins, Beale, “ Zola ”, ‘ Zola, ’, Janicza Bravo, ’ Wolfe, “ Ma, Viola Davis, Chadwick Boseman, Cutler, Mark Rickler, ‘ Oh, Oh, Wolfe, Winfrey, Ava DuVernay’s, “ Selma ”, Jake Coyle Organizations: Productions, Temple University, Netflix, Public Theater, Broadway, Scottsboro Boys, Bravo, Hollywood Locations: “, Steven Spielberg’s “ Lincoln, Philadelphia, wasn’t, Washington, Manhattan, Central, Los Angeles, San Francisco, Domingo, Hawaii

☆ Walmart and Target signal more cracks in consumer spending
▼ + stars: | 2023-11-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

A day earlier, Target noted that shoppers continue to curb spending and delay purchases. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Walmart, which has previously appeared almost immune from the decline in consumer spending affecting other retailers, said Thursday that it saw an unexpected softness in October sales. "This year, we've seen more and more consumers delaying their spending until the last moment," Cornell said.

Persons: —, John David Rainey, Rainey, Brian Cornell, we've, Cornell, That's Organizations: Walmart, Service

☆ Deflation could be coming this holiday season, Walmart CEO says
▼ + stars: | 2023-11-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. Shoppers may get an early present this holiday season: falling prices in many gift-giving categories. On Thursday, Walmart CEO Doug McMillon said deflation could be coming as general merchandise and key grocery items, such as eggs, chicken and seafood get cheaper. Across most categories, Americans are still spending more on the same items, according to the latest CPI numbers. Walmart's McMillon said some stubborn food prices continue to be a concern.

Persons: Barbie, Doug McMillon, it's, Richard McPhail, John David Rainey, Rainey, Walmart's McMillon Organizations: Walmart, Shoppers, Labor Department, CPI, Home, American Farm Bureau Federation, Wall, CNBC Locations: Burbank , California, U.S

☆ Stocks making the biggest moves midday: Sonos, Cisco Systems, Alibaba, Walmart and more
▼ + stars: | 2023-11-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Cisco Systems — Shares dropped 11.3% after the company's earnings guidance for the current quarter came out below analyst estimates, driven by a slowdown in new product orders. Children's Place — Shares of Children's Place plunged 25.8% after retailer quarterly adjusted earnings of $3.22, trailing the FactSet consensus estimate of $3.49. Walmart — Shares dropped more than 7% after the big box retailer gave disappointing guidance . Walmart said it expects adjusted earnings per share of $6.40 to $6.48 for the year, slightly lower than analysts were anticipating. Advance Auto Parts — The auto parts retailer tumbled 4% after Bank of America downgraded the stock to underperform from neutral.

Persons: Patrick Spence, Macy's, Alibaba, Williams, Children's, Piper Sandler, John David Rainey, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Pia Singh Organizations: General Motors — General Motors, United Auto Workers, Sonoma, Cisco Systems —, Cisco, Alto Networks, Palo Alto Networks, billings, Walmart, CNBC, Bank of America, Citi Locations: U.S, Sonoma

Activity picked up again this month, he said, as shoppers turned out for special promotions. Two-thirds of toys in its stores will be priced at less than $25, the company said. Target expects sales to continue falling in the final months of the year, subject to a “wide range” that reflects the uncertainty about holiday spending. The U.S. Commerce Department reported that retail sales nationwide nudged down 0.1 percent in October from the previous month, the first drop since March. The decline, which is not adjusted for inflation, was driven by weakness in big-ticket categories like furniture and cars, which may be weighed down by the higher interest rates consumers face when buying on credit.

Persons: “, ” Mr, Rainey, Brian C Organizations: Target, Cornell, U.S . Commerce Department

☆ Walmart shares hit all-time high, as retailer's value focus attracts shoppers and investors
▼ + stars: | 2023-11-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

The big-box retailer's stock hit a peak of $166.30 earlier in the day. That marks the highest since Walmart first began trading on the New York Stock Exchange in August 1972. Shares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. That business has helped Walmart draw foot traffic, even as other retailers like Macy's and Target give cautious outlooks and see weaker results. "It really shows that the value proposition for Walmart is much more than just low prices or value.

Persons: —, John David Rainey, Rainey, Walmart's, — CNBC's Christopher Hayes Organizations: Walmart, New York Stock Exchange, CNBC, Target

☆ For 250 years, US troops could tow their cannons around the battlefield. The war in Ukraine shows they won't have that luxury in the future.
▼ + stars: | 2023-10-31 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

That raises questions for the US military about whether towed guns can stay ahead of the enemy. AdvertisementAdvertisementAs the Ukraine war has proven, the effectiveness of artillery rests on more than its range or the destructive power of its shells. Rolyn KropfThe Ukraine war has featured an array of towed and self-propelled artillery in a variety of calibers and manufactured by numerous nations. Advocates of self-propelled howitzers point to their superior protection and their ability to rapidly displace after firing. However, the US Army's next-generation Extended Range Cannon Artillery will essentially be an upgraded M109A7 Paladin with a more powerful gun.

Persons: —, James Rainey, Tom, Vyacheslav Madiyevskyy, Caesar, Rainey, Michael Peck Organizations: Service, US Army, US Army Futures Command, Association of, United, Washington DC, Spc, British L119, Getty, Publishing, Cannon Artillery, US Army Yuma, US, Artillery, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, United States, Washington, Germany, Russian, British, Sicily, Kharkiv Region, Yuma, Forbes

☆ After watching Russia's and Ukraine's electronic warriors battle it out, the US military wants to 'dial up' up its own 'jamming power'
▼ + stars: | 2023-10-30 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

That's why the US Air Force is eager to deploy a new generation of electronic-warfare aircraft and drones. In September, the Air Force received its first test EC-37B Compass Call. AdvertisementAdvertisementMilitaries have been investing in the secretive world of electronic warfare since World War II. Naturally, the Air Force wants to extensively test the E-37B before deploying it. A US Air Force EC-130H at Davis-Monthan Air Force Base in August 2021.

Persons: —, Mark Kelly, Denis Abramov, James Rainey, Doug Bush, Bush, Felicia Jagdatt, Kelly, Alex Miller, Michael Peck Organizations: Service, US Air Force, Air Force, Gulfstream G550, Air Combat Command, Air and Space Forces Association, Russian Defense Ministry, Mil.ru, US Army Futures Command, Association of, United, Army, US Army, Air and Space Forces, US Air Force EC, Davis, Monthan Air Force Base, Air, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Vietnam, Russian, Mil.ru Ukraine, Russia, United States, Bliss, Texas, Forbes

NEW YORK (AP) — To appeal to a new generation of philanthropists, the Brooklyn Community Foundation is ditching the word “foundation” and establishing itself with a new name: Brooklyn Org. “The point isn’t lost on Rainey, who says that no matter what people call it, Brooklyn Org is still a foundation. But she said the new name reflects different practices the foundation has put in place that let residents steer the course of the institution. All of the foundation’s discretionary grantmaking, Rainey says, uses a participatory approach, where residents research and pick nonprofits to receive grants. The AP and the Chronicle receive support from the Lilly Endowment for coverage of philanthropy and nonprofits and are solely responsible for this content.

Persons: Jocelynne Rainey, grantmakers, ’ ”, ”, Edelman, Sruthi Sadhujan, Sadhujan, ” Sadhujan, isn’t, Rainey, Alex Daniels Organizations: Brooklyn Community Foundation, Brooklyn Org, Brooklyn Museum, Brooklyn Academy of Music, Independent Sector, Edelman Data, Intelligence, Ford Foundation, Associated Press, The, AP Locations: Brooklyn

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