DIRS.INFO The most relevant business & tech news

☆ Accel, Tiger Global mull exiting India's Flipkart in $1.5 bln stake sale - ET
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

The stake, which collectively amounts to about 5%, would raise Walmart's ownership in the e-commerce giant, the newspaper reported citing people familiar with the matter. "They (Accel and Tiger) want to sell and exit now fully. The discussions are moving ahead and the transaction will close in due time," a person familiar with the matter told ET. Accel owns a little over 1% of Flipkart, while Tiger Global holds about 4% of the company, the report said. Flipkart, Walmart and Tiger Global did not immediately respond to Reuters' requests for comment.

☆ Even with a bump to $14 an hour, Walmart workers won't make nearly as much as some activists say they should
▼ + stars: | 2023-01-25 | by ( Dominick Reuter | Ben Tobin | ) www.businessinsider.com time to read: +3 min

Walmart on Tuesday said it would raise its minimum wage to $14, affecting thousands of US workers. Activists have been pushing for a $15 minimum wage for over a decade, and now say at least $20 is needed. The federal minimum wage has been $7.25 since 2009, even as the cost of living has soared. Up until the middle of last decade, Walmart's minimum wage had matched the federal level at $7.25. One year later, Target also announced it would be raising its minimum wage to $15 per hour.

Walmart said Tuesday it would raise the average hourly wage of its associates to more than $17.50 an hour — up from about $17 an hour. A Walmart representative also told CNBC Tuesday that its overall minimum wage would climb to $14 an hour, a roughly 17% jump for workers who stock shelves and serve customers. The range of salaries for store employees will also climb to between $14 and $19 an hour, from $12 and $18 an hour. About 340,000 store employees will get a raise, representing 21% of Walmart’s 1.6 million U.S. employees. "The labor market for most workers cooled somewhat over 2022, but it’s still hot," he said.

☆ Walmart to raise minimum wage for U.S. hourly workers to $14
▼ + stars: | 2023-01-24 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Walmart Inc (WMT.N) on Tuesday said it will raise average hourly wages for its U.S. store workers starting next month, as it seeks to attract and retain employees in a tight domestic labor market. Walmart's new wage hikes lift its average hourly wage pay to $17.50 from the current $17 an hour and will reflect in March 2 paychecks, the company said. Data from earlier this month showed average hourly earnings growth for U.S. workers slowed to 0.3% in December, compared with 0.4% in the prior month. This has raised prospects that the U.S. Federal Reserve could further raise interest rates, putting further strain on minimum wage workers and household budgets. It has previously also raised pay for truck drivers and distribution center workers.

☆ Walmart raises minimum wage as retail labor market remains tight
▼ + stars: | 2023-01-24 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

Walmart said Tuesday it is raising its minimum wage for store employees to $14 an hour, representing a roughly 17% jump for the workers who stock shelves and cater to customers. Starting in early March, store employees will make between $14 and $19 an hour. About 340,000 store employees will get a raise because of the move, Hatfield said. Some of those pay increases will also go toward store employees who work in parts of the country where the labor market is more competitive, the company said. Target , for instance, announced in 2017 it would gradually raise its minimum wage and reached $15 an hour in July 2020.

☆ A passenger removed from a flight is suing American Airlines over what he claims was 'blatant racial discrimination,' lawsuit says
▼ + stars: | 2023-01-22 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Troskie Stewart is suing American Airlines after he was removed from a flight in February 2021. According to court documents, a flight attendant approached Stewart and told him to leave the aisle. Stewart claims the flight attendant "immediately" returned and demanded that he take his seat or risk being removed from the planed. The same flight attendant again reprimanded Stewart and said she was going to get him "kicked off the aircraft." American Airlines and lawyers for Stewart did not respond to requests for comment from Insider.

☆ A booming market for gear to help seniors grow older at home is creating an opportunity for investors
▼ + stars: | 2023-01-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.

☆ Here are the states where egg prices have doubled — and the lucky few where they've risen by just 50%, according to new data
▼ + stars: | 2023-01-19 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +4 min

Egg prices in some states doubled in December, compared with the same month in 2021, according to data from Instacart. Even so, the highest prices for a dozen eggs were in other states, such as Hawaii and Florida. Egg prices increased the most in upper Midwestern states year-over-year in December, according to Instacart. In 2019, chickens on its farms produced just over 17 billion eggs, according to the U.S. Department of Agriculture. Despite the increases, states like Iowa still had some of the lowest egg prices in the US.

☆ Walmart's ongoing cyber security investment
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart's ongoing cyber security investmentCNBC's Frank Holland joins 'The Exchange' to discuss Walmart's investment in automation and cybersecurity, the development of Walmart's data security center and growing trends towards digital payments.

☆ This chart shows just how much faster Amazon still delivers your packages despite years of effort by other retailers
▼ + stars: | 2023-01-18 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

But when it comes to speed, Amazon still has an advantage. As of July, customers received their Amazon orders 1.9 days on average after placing them online, according to data from NielsenIQ provided to Insider Intelligence. Orders from other retailers, including big box chains such as Target and Walmart, reached customers in 4.4 days. Delivery speed data from Insider Intelligence NielsenIQ, Insider IntelligenceBoth Amazon and its rivals have improved their delivery times since October 2020, according to the data. The data includes all orders shipped to customers, including deliveries to customers to both Amazon Prime members and non-members.

☆ Canada summons Russian ambassador over attacks on civilians in Ukraine
▼ + stars: | 2023-01-18 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

Officials had summoned the ambassador to "make clear we do not accept the sheer brutality of Russia's recent attacks against civilians in Dnipro," Joly told reporters in Toronto. The attack on an apartment building in Dnipro on Saturday was the deadliest for civilians since the start of a three-month Russian missile bombardment campaign. Ukraine says the building was struck by a Russian Kh-22 missile. Canada, like other Western nations, has slapped broad sanctions on Russia over its invasion in Ukraine, and Joly said Ottawa would continue to hold Moscow accountable. Earlier on Wednesday, Canada announced the supply of 200 Senator armored personnel carriers as part of its military assistance to Ukraine.

☆ Here are the 12 top power players at Google leading the fight in AI against the smash hit ChatGPT
▼ + stars: | 2023-01-18 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +2 min

The internet has been mesmerized by ChatGPT, an AI bot that can answer just about any question. Here are 12 leaders heading up AI initiatives at Google that can help it take on ChatGPT. That last piece of information has people asking whether ChatGPT could prove a threat to Google's dominance. If a chatbot can return coherent responses to any query, why would anyone sift through a page of blue links? At the same time, Google has already produced much technology that could help it compete, including a chatbot called LaMDA.

☆ Some Walmart employees can more than triple their wages by becoming truck drivers
▼ + stars: | 2023-01-18 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Walmart raised truck-driver pay to as much as $110,000 in April 2022 in an effort to recruit more drivers. The company also launched a 12-week program to allow employees to get commercial driver's licenses. Walmart employees can make as little as $25,000 to $35,000, according to job-posting websites. Walmart truck drivers can make up to $110,000 per year — much more than the average annual wages of Walmart store employees, which range from $25,000 to $35,000, according to estimates from job-posting sites like Indeed, Glassdoor, and ZipRecruiter. A Walmart spokesperson did not immediately respond to a question about how much the average Walmart store worker earns.

☆ VIDEO: Target carts that lock in place are yet another example of how anti-theft measures are leaving shoppers really frustrated
▼ + stars: | 2023-01-15 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Nearly 2 million shopping carts are stolen each year, costing retailers an estimated $800 million. Videos of shoppers battling anti-theft devices on carts in a Target parking lot have gone viral on TikTok. Whether and when a particular store gets Gatekeeper for its carts is determined on an individual store basis, a Target spokesperson told Insider. The Food Marketing Institute meanwhile estimates that 2 million shopping carts are stolen each year, costing retailers an upwards of $800 million globally. Loss-prevention remains a delicate balance for retailers as Walmart's vice president of asset protection and retail operations, David Johnston, told Insider.

☆ One chart shows how employment has changed throughout the US economy almost 3 years after the start of the pandemic
▼ + stars: | 2023-01-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

The US labor market has been above its pre-pandemic February 2020 employment level for a while. Some sectors are still below pre-pandemic employment almost three years since the official start of the pandemic. While leisure and hospitality isn't back at its pre-pandemic employment level, it still has been experiencing large monthly job gains as workers are needed to meet demand. Air transportation was 11.7% above its February 2020 employment level in December. It continued to expand throughout the pandemic and was 30.8% above its pre-pandemic employment as of December.

☆ 'Looks like we're painting potatoes for Easter': Twitter users share their hilarious reactions to current egg prices
▼ + stars: | 2023-01-13 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Shoppers in California can expect the priciest eggs at nearly $8 for a dozen, The Washington Post reports. One user joked about painting potatoes instead of eggs for their Easter celebration. The deadly infection kills 90% to 100% of affected chickens within a couple of days, according to information reported by Insider's Alex Bitter. California shoppers reportedly face an even steeper price, paying about $7.37 for only a dozen, according to the Washington Post. Most farms affected in 2022 are already back to laying and supplying eggs again," Metz said, according to the report.

☆ Walmart provides its GoLocal services to Salesforce clients
▼ + stars: | 2023-01-12 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationNEW YORK, Jan 12 (Reuters) - Walmart Inc (WMT.N) on Thursday said it has entered into a partnership with software giant Salesforce (CRM.N) to provide its retail customers with store pickup and delivery services using Walmart's vast transportation network. Retailers have been adding such delivery services for customers since the pandemic drove many people to shop online. Since its launch GoLocal has completed more than 3 million deliveries so far, Harsit Patel, vice president at Walmart GoLocal said on a media call. More clients mean higher order volumes, pickup locations and increased route density that lowers costs per order. The services will be offered through Salesforce's AppExchange, its app store for businesses, starting this spring.

☆ Walmart partners with Salesforce to offer GoLocal services to its retail clients
▼ + stars: | 2023-01-12 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

[1/2] Shopping trolley is seen in front of Walmart logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/IllustrationNEW YORK, Jan 12 (Reuters) - Walmart Inc (WMT.N) on Thursday said it has entered into a partnership with software giant Salesforce (CRM.N) to provide its retail customers with store pickup and delivery services using Walmart's vast transportation network. Since its launch GoLocal has completed more than 3 million deliveries so far, Harsit Patel, vice president at Walmart GoLocal said on a media call. While adding more revenue streams, the onboarding of more retail clients helps the world's largest retailer operate its fleet more efficiently. More clients mean higher order volumes, pickup locations and increased route density that lowers costs per order.

☆ Walmart strikes a deal with Salesforce to sell more of its tech to other retailers
▼ + stars: | 2023-01-12 | by ( Melissa Repko | ) www.cnbc.com time to read: +5 min

Walmart Global Chief Technology Officer Suresh Kumar said the deal with Salesforce will help Walmart improve the experience for shoppers. For instance, as Walmart's GoLocal has more packages to deliver from more retailers, its drivers will have denser routes, he said. It began selling Store Assist, technology that its own store employees use, in the summer. In November, Walmart Chief Financial Officer John David Rainey said Walmart added more than 8,000 sellers to its third-party marketplace in the fiscal third quarter. Walmart will stand out in its app store as a technology by retailers and for retailers, he added.

Jan 10 (Reuters) - A lawsuit filed Tuesday accuses six state-run medical schools in Texas of violating federal anti-discrimination laws by giving preferences to female and non-Asian minority applicants. The University of Texas and Texas Tech University, which operate the schools named in the new lawsuit, did not immediately respond to requests for comment. According to the lawsuit, Stewart in 2021 obtained enrollment data for the six schools after he was denied admission. Stewart said in the complaint that the data showed that the schools gave preferences to female and non-Asian minority applicants. Stewart accused the schools of violating federal laws prohibiting race and sex discrimination in federally funded educational programs.

☆ Ted Cruz touted 'frogsby90' before Georgia stomped TCU by 58 points to win the national title
▼ + stars: | 2023-01-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Sen. Ted Cruz entered Monday night ecstatic about the TCU Horned Frogs' chances. #frogsby90," Cruz wrote on Twitter before the game. Led by Quarterback Stetson Bennett, a former walk-on player, Georgia stomped TCU 65-7. According to ESPN Stats and Info, the win is the largest margin of victory in a bowl game in college football history. Georgia enters next year with another chance at history: becoming the first team of the polling era to win three straight national titles.

☆ UBS sees these retail stocks winning from a potential Bed Bath & Beyond bankruptcy
▼ + stars: | 2023-01-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Bed Bath & Beyond warned last week that it is running out of cash and is considering filing for bankruptcy protection . Buy Buy Baby is owned by Bed, Bath & Beyond. Some 59% of Bed, Bath & Beyond stores have a Sleep Number location within 10 minutes, according to UBS. HomeGoods, owned by TJX , competes with Bed, Bath & Beyond in home furnishings, kitchen products and other accessories. Some 40% of Bed, Bath & Beyond stores have a Costco within a 10-minute drive, while 43% have a Sam's Club.

☆ Walmart removes 'KKK' men's hiking boots from website after pressure from civil rights organization
▼ + stars: | 2023-01-08 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

Walmart removed a pair of boots from its website that had "KKK" written on the tongue. "We thank Walmart for dropping an online listing for oddly/poorly named 'KKK' boots," CAIR said. The retailer dropped the shoes from its website after it was flagged by the Council on American-Islamic Relations (CAIR), a grassroots civil rights and advocacy group. "We thank Walmart for dropping an online listing for oddly/poorly named 'KKK' boots after we brought this to their attention earlier today," CAIR said in a press release. In 2020, Walmart pledged to improve diversity within its workforce, and donated $100 million to create a center for racial equity.

Commotio cordis occurs less than a few dozen times a year in the U.S. Could chest protectors prevent the problem? It wasn't until 2019 that the National Operating Committee on Standards for Athletic Equipment, developed standards for chest protectors. In 2022, USA Lacrosse mandated that all youth lacrosse players wear chest protection. Though doctors have not said whether Hamlin's injury was indeed commotio cordis, Acompora is glad to see the condition getting national attention. Chest protectors such as this one from Unequal Technologies have been in demand since Damar Hamlin’s cardiac arrest Monday.

☆ TikTok videos show exasperated Target shoppers battling carts that lock in place — and it shows how anti-theft measures make the shopping experience worse
▼ + stars: | 2023-01-06 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Nearly 2 million shopping carts are stolen each year, costing retailers an estimated $800 million. Videos of shoppers battling anti-theft devices on carts in a Target parking lot have gone viral on TikTok. A TikToker going by the name Taylor Ann cheerfully narrates in a video of the moment, which has amassed over 4.4 million views on TikTok. Taylor Ann acknowledges the technology has been around for years, but it can still come as a surprise when it arrives at your store. The Food Marketing Institute meanwhile estimates that 2 million shopping carts are stolen each year, costing retailers an upwards of $800 million globally.

Search resuls for: "Art's"

25 mentions found