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☆ Tucker Carlson has now parted ways with 3 major cable news networks
▼ + stars: | 2023-04-25 | by ( Chris Kaye | ) www.businessinsider.com time to read: +5 min

Tucker Carlson has parted ways with Fox News, the media network announced Monday. Tucker Carlson is out at Fox News and no definitive reason has been given by him or his former employer. "FOX News Media and Tucker Carlson have agreed to part ways," the network said in a Monday statement. The New York Times reported on Monday that Grossberg's legal team would depose Carlson "in the very near term." "I'm not defending it as the smartest choice, but I think it's the most interesting," Carlson told the Washington Post at the time.

☆ Reddit, Airbnb and 8 more companies that let you work from home permanently and are hiring now
▼ + stars: | 2023-04-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

While some companies are pulling back on flexibility, others, like Airbnb and Pinterest, are celebrating one year since permanently switching to remote or hybrid work. That being said, the remote job market has gotten more competitive. Recent remote job openings: Corporate account executive, product designerRedditIndustry: Social media Remote work plans: Reddit switched to a permanent hybrid model in October 2020 where employees have the flexibility to work wherever they want, with options for in-office work. Recent remote job openings: Global category development officer, partnership leadAirbnbIndustry: Travel Remote work plans: Under Airbnb's "live and work anywhere" model, which began in April 2022, employees can work remotely or from one of Airbnb's offices. Recent remote job openings: User operations associate, partner account executiveVerizon

☆ Walmart says its CEO earned 933 times its median employee's pay last year
▼ + stars: | 2023-04-21 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Walmart CEO and President Doug McMillon received total compensation of $25.3 million in the last fiscal year. In other words, McMillon got roughly 933 times the median compensation of a Walmart employee. The increase was met with mixed reactions from Walmart employees, as many said they were already making above $14 per hour. Though the pay difference between McMillon and his employees is above that average, Walmart hasn't cracked the top 20 for biggest pay gaps between CEOs and workers. Are you a Walmart worker?

☆ Walmart sells plus-size clothing brand Eloquii, offloading its third digital brand this year
▼ + stars: | 2023-04-21 | by ( Courtney Reagan | ) www.cnbc.com time to read: +3 min

Walmart is selling online apparel brand Eloquii to FullBeauty Brands, marking the retailer's third divestiture of a direct-to-consumer brand this year. The retailer bought Eloquii in 2018 for a reported $100 million, one of numerous digital apparel brands with niche and loyal consumer bases. Fogarty plans for Eloquii to be an anchor in what he calls FullBeauty Brands' "digital mall." After acquiring Eloquii, Walmart created a new brand of inclusive-sized apparel, which the retailer will continue to sell after the divestiture. Walmart's online sales now make up 13% of total annual sales, as of its most recent fiscal year-end, up from 5% in 2019.

☆ There's no such thing as a dumb question ... unless you're interviewing someone for a job
▼ + stars: | 2023-04-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Hiring is never easy, but it's particularly difficult on Wall Street. Emmalyse's story is worth a read not only for Smart's advice but his candidness, a dying trait on Wall Street. These cloud tools are proving to be game changers. Fidelity and State Street are rolling out annuity options within their 401(k) products, The Wall Street Journal reports. As the weather starts to warm up, plenty of people are making the switch to iced coffee.

[1/2] A man charges an electric vehicle (EV) at the charging hub of Indian ride-hailing BluSmart Electric Mobility in Gurugram, India, December 9, 2022. SCALING UPIndia's ride-hailing market is currently worth $13.4 billion - a tenth of China's - and penetration is just 7%, according to Statista, making the country of 1.4 billion a lucrative opportunity. BluSmart, which operates in just two cities with 5,000 vehicles, says it commands 9% market share of Delhi's ride-hailing market. In February, Uber's India chief Singh dismissed concerns about BluSmart, saying Uber still offered more diverse ride options, including scooters and autorickshaws. "In a way it (BluSmart) has forced Uber to reimagine how it wants to play in India," WEF's Khurana said.

Bharadwaj, a former India managing director of Sequoia Capital who now leads venture capital firm A91 Partners. Indian VC firm Blume Ventures said in an April report consumption outside the top 30 million Indian households dropped sharply, and is driven by a "tiny superuser set". "Indian startups are not catering to a billion consumers. And only 271 Indian startups raised funding in Q1 2023, compared with 561 last year, according to CB Insights. It invested $3 billion in Indian companies in 2021 and another $500 million in 2022, by April that year, Reuters calculations show.

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☆ The talent whisperer for Citadel, Blackstone, other firms breaks down the 4 biggest hiring mistakes and how to avoid them
▼ + stars: | 2023-04-19 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +10 min

About 40% of Smart's clients are in the financial services industry, which is keenly aware of the importance of attracting and maintaining talent. But not all financial services companies are getting it right, Smart said. While he directed his advice to financial services companies, his tips are broad-based and could be used by hiring managers in many different industries. Smart said most leaders recognize the importance of hiring and talent decisions but aren't dedicating enough time to it. "Five percent of your time as a senior leader in financial services is not enough," he said.

☆ Walmart could expand into consulting and website design for other businesses as it continues to look beyond traditional retail, trademark filing suggests
▼ + stars: | 2023-04-18 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

The application says the business will provide consulting, website design, and more "for others." Walmart did not comment on the trademark application, saying it is "testing new ideas all the time." A Walmart spokesperson did not answer Insider's questions about the trademark filing, instead saying the company is "testing new ideas all the time." While we can't comment on this trademark filing specifically, sometimes we file trademark ideas as a routine part of the innovation process." This trademark indicates that Walmart is continuing its trend of side hustles, or businesses outside of its traditional retail, to garner profits.

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

☆ Walmart US merchandising chief Redfield to step down
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

April 14 (Reuters) - Walmart Inc (WMT.N) U.S. chief merchandising officer Charles Redfield is stepping down after just over a year in the role, according to an internal memo seen by Reuters on Friday, at a time the retailer is navigating a tightening spending environment. Redfield will assume an advisory role supporting the U.S. business effective May 1, Walmart U.S. CEO John Furner wrote in a memo to US-based associates on Friday, without naming a successor. Data from the Commerce Department on Friday also showed U.S. retail sales fell more than expected in March. Redfield started his Walmart career as a cashier at Sam's Club and has been with the company for 32 years. He had led the U.S. food and grocery business since 2015 prior to taking up his role as chief merchandising officer.

☆ Walmart's chief merchandising officer to depart as retailer navigates tough sales environment
▼ + stars: | 2023-04-14 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: 1 min

Walmart Chief Merchandising Officer Charles Redfield is stepping down next month. Walmart U.S. CEO John Furner said in an employee memo on Friday that Redfield will leave the role on May 1. He will stay on as an advisor for the business. The Wall Street Journal first reported Redfield's departure. Redfield's replacement has not yet been announced, a company spokesman said.

☆ Cyclone Ilsa hits Australia's northwest, misses iron ore export hub
▼ + stars: | 2023-04-13 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

SYDNEY, April 14 (Reuters) - A tropical cyclone smashed into Australia's northwest coast as a category 5 storm, setting new wind speed records, but has largely spared populated regions including the world's largest iron ore export hub at Port Hedland, authorities said on Friday. "Port Hedland ... escaped the brunt of the cyclone at this stage. "As it moves inland and the sun comes up, we can expect it to still be a severe tropical cyclone," the weather bureau's hazard response manager Shenagh Gamble said. Ilsa is expected to weaken to a tropical low overnight and move into the southern parts of the Northern Territory. Destructive winds could hit the remote inland mining town of Telfer, where Newcrest Mining (NCM.AX) operates a fly-in-fly-out gold and copper mine.

☆ Australia's northwest braces for strongest cyclone in a decade
▼ + stars: | 2023-04-13 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

Cyclone Ilsa, located about 300 km (186 miles) off Australia's coast in the Indian Ocean, was on Thursday morning upgraded to a category four storm - one rung below the strongest category five. Port Hedland is the world's biggest export point for iron ore and is used by BHP Group (BHP.AX), Fortescue (FMG.AX) and billionaire Gina Rinehart's Hancock Prospecting. Rio Tinto (RIO.AX) exports out of Port of Dampier, which lies to the west of Port Hedland. It will be the strongest system to hit the country's far northwest region since Cyclone Christine crossed the coast in December 2013, weather bureau forecaster Jessica Lingard said. BHP in an emailed response said it was closely tracking the cyclone but its mining and rail operations were continuing.

☆ Walmart's plan to abruptly close 4 Chicago stores slammed as 'unethical' and 'unceremoniously abandoning these neighborhoods'
▼ + stars: | 2023-04-12 | by ( Ben Tobin | Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Walmart announced this week that it is closing four stores in Chicago in a matter of days. Elected officials said that the decision to close the stores "worsens food deserts" in the area. In a rare press release on April 11 announcing store closures, Walmart said bluntly that these stores "have not been profitable since we opened the first one nearly 17 years ago." "Walmart's decision to close four stores in predominantly Black and Brown communities not only worsens food deserts, but will also increase grocery costs for families." The four Walmart stores closing in Chicago

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, UPS, Netflix, WW, Disney & more
▼ + stars: | 2023-04-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley names UnitedHealth a top pick Morgan Stanley says the healthcare company is best positioned in a recession. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley said Netflix is the "streaming winner" but that it's "priced as such." Morgan Stanley downgrades Nasdaq to equal weight from overweight Morgan Stanley said that it has growth concerns for the exchange operator. JPMorgan upgrades Federated Hermes to overweight from underweight JPMorgan said the rate environment makes the capital market company's stock more attractive. Morgan Stanley upgrades AstraZeneca to overweight from equal weight Morgan Stanley said the pharmaceutical company is "leading the race" to outsmart cancer.

☆ The psychologists who sit between you and your dream job on Wall Street
▼ + stars: | 2023-04-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Nabbing your dream job might just amount to getting approved by a handful of psychologists and business strategists. Click here to read more about ghSmart, the leadership advisory firm that plays a key role in Wall Street's hiring process. Generative AI startups on the rise. PE firms big bet on food companies isn't paying off. Private-equity firms bought up the companies behind some of your favorite brands of food, but rising interest rates have ruined those investments, The Wall Street Journal reports.

☆ Walmart chases higher profits powered by warehouse robots and automated claws
▼ + stars: | 2023-04-11 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Tasks are powered by giant automated claws and rolling robots, instead of people. The company took investors on a tour of an approximately 1.4 million-square-foot facility in Brooksville, Florida — the first automated distribution center for packaged foods and other shelf-stable household items. By the end of January, roughly a third of stores will get distribution from the automated facilities, the company said. He declined to share specific turnover numbers, but said the first year after the Brooksville facility became automated, no employees left the job. With the automation, Molina watches the robots unload the truck and intervenes if they run into a problem, he said.

☆ Inside the 5-hour psychological interview that can make or break your career at Citadel, Blackstone, and other finance titans
▼ + stars: | 2023-04-10 | by ( Emmalyse Brownstein | Alex Morrell | ) www.businessinsider.com time to read: +16 min

ghSmartThe company's unusual but rigorous approach to screening job candidates has won it the trust of some of the finance industry's most competitive and coveted workplaces, as well as other blue-chip corporations. "That became the kernel for ghSmart," Smart recounted in a podcast interview. That means the ghSmart interview isn't something you can necessarily prepare for in the same way you might, for example, read up on certain stocks or industry trends. The company's team of psychologists spends hours drilling into each candidate's job and life experiences. Unlike some executive-search firms, ghSmart disconnects its fee from whether it fills the role.

☆ Starbucks new CEO wants senior leaders to work in stores. Every leader should follow suit.
▼ + stars: | 2023-04-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. Others went through management-training programs operated by department stores. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ Gavin Newsom says Ron DeSantis will get 'thumped' if he runs against Trump: 'I'd tell him to pack up and wait a few years'
▼ + stars: | 2023-04-10 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Gavin Newsom has advice for Ron DeSantis: Don't run against Trump. Newsom added that DeSantis should "pack up and wait a few years," and not run in 2024. In July, DeSantis attacked Newsom after Newsom put up an ad in the Sunshine State enticing Floridians to move to California. Disney has in recent weeks outplayed DeSantis and found a loophole to keep power over the land around Walt Disney World in Orlando in perpetuity. DeSantis now says he's considering new taxes and tolls to punish Disney World for the power play.

☆ Top Wall Street analysts expect these five stocks to fetch attractive returns
▼ + stars: | 2023-04-09 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Meta PlatformsWeakness in digital ad spending due to macro pressures has hit social media giant Meta Platforms (META) over the recent quarters. SoFi TechnologiesNext on our list is fintech firm SoFi Technologies (SOFI), which offers digital financial services to over 5.2 million members. The acquisition is expected to drive SoFi's mortgage growth and operational efficiencies and broaden its mortgage product offerings. (See SoFi Insider Trading Activity on TipRanks)PVHApparel company PVH (PVH), which owns popular brands like Calvin Klein and Tommy Hilfiger, delivered better-than-expected results for the fourth quarter of fiscal 2022. The analyst sees "an attractive risk reward profile" in PVH stock based on the company's earnings growth potential and current valuation.

☆ Even Walmart needs a side hustle. Here are 4 other ways the store chain makes its money – besides selling merchandise.
▼ + stars: | 2023-04-09 | by ( Ben Tobin | ) www.businessinsider.com time to read: +5 min

WalmartLike Walmart Connect, Walmart Luminate — a data monetization platform — has grown in spades since its launch in October 2021. Walmart has been working hard to increase its number of sellers on Walmart Marketplace. Walmart GoLocal launched in 2021. By the end of 2022, Walmart GoLocal delivered from more than 5,000 business and retail locations. "Through Walmart GoLocal, any merchant from national retailers to small town shops can use Walmart's growing delivery platform to power their local delivery efforts.

☆ Walmart's US CEO tells workers not to worry about their jobs despite announcing a major push into store automation
▼ + stars: | 2023-04-07 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

More specifically, one area where Walmart is seeking to increase investment is in market fulfillment centers (MFCs), which are automated fulfillment centers built within, or added to, a store. Walmart piloted this concept at a store in Salem, New Jersey, in 2019, using automated robot technology from Alert Innovation — a robotics company Walmart acquired in October 2022. Those include "manual MFCs," where associates pick items for online orders but in a separate area from the sales floor. Walmart will still need at least the same level of workers to help in stores even as automation picks up, company leaders say. Still, Walmart is laying off workers at fulfillment centers nationwide.

NEW YORK, April 6 (Reuters) - Walmart Inc (WMT.N) plans to have its own network of electric vehicle charging stations by 2030 to tap into the growing adoption of EVs in the United States. Walmart's more than 5,000 stores and Sam's Club warehouses are located within 10 miles of about 90% of Americans. As EV charging infrastructure ramps up in the U.S., there are widespread concerns over uptime, performance, ease of use and high installation costs of the machines. Owning its chargers, instead of partnering with a network operator, will help Walmart address reliability and cost issues, Kapadia said. Walmart's plan comes as U.S. President Joe Biden has committed to building a network of 500,000 public EV chargers by 2030.

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