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☆ HSBC sees limited stock market gains after record-setting rally, tells investors to wait for a better entry point
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The stock market may not go much higher for the rest of 2024, according to HSBC. "We expect to see better entry points once the market re-prices rates expectations." That's compared to market expectations of 140 basis points. "That slowing would likely dampen earnings growth expectations and increase recession probabilities." Tech and consumer discretionary sectors should see the highest earnings growth, according to the firm.

Persons: Stocks, Nicole Inui, Inui, Goldman Sachs Organizations: HSBC, Fed, Tech, Stock, Walmart, CVS Health, Procter & Gamble, Mondelez, Industries, Chevron, Citigroup Locations: Howden

☆ Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO
▼ + stars: | 2024-01-24 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC. Buy now, pay later services such as Klarna and Affirm have surged in popularity in recent years as more Americans rely on a new, fintech-enabled form of credit. When Klarna users shop outside the firm's network of 500,000 retailers — at places such as Walmart, Target, Amazon and Costco — they pay $1 to $2 in transaction fees. "The main proposition of Klarna Plus right now is that you don't pay any service fees," Sandstrom said. "So if you love Klarna and if you love shopping at Target and Walmart, it makes a ton of sense financially."

Persons: David Sandstrom, Sandstrom Organizations: Swedish, CNBC, Nike, Instacart, Walmart, Target, Costco Locations: U.S, Stockholm

☆ Salesforce CEO Marc Benioff tells retail workers: AI won't steal your job. It can make you better at it.
▼ + stars: | 2024-01-24 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Generative artificial intelligence won't take jobs from retail workers; instead, it will make them better at their jobs, Salesforce CEO Marc Benioff told attendees at the National Retail Federation's annual conference in New York last week. They're not going to need as many agents," Benioff said. The system was able to augment those agents and make them better," Benioff said. With generative AI, he added, Gucci had taken its customer service agents to "a whole other level." "They're pretty incredible people, using generative AI for the first time," Benioff said.

Persons: Marc Benioff, Benioff, NRF, John Furner, Loro Piana, Gucci —, They're, That's, bam, Gucci Organizations: Business, Walmart, LVMH, Gucci, Kering Locations: New York, Italy

☆ Self-checkout is alienating shoppers, new research finds
▼ + stars: | 2024-01-24 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Read previewSelf-checkout might make shoppers feel less loyal to a store, according to new research. One asked shoppers about their recent grocery-buying habits, including whether they used a self-checkout kiosk or were rung up by a human employee. In it, some shoppers read a short passage about how doing something themselves is rewarding before paying for groceries using self-checkout. But technology aimed at catching shoplifters using self-checkout has caused confrontations between Walmart employees and innocent customers, Business Insider reported. Do you work at a store with self-checkout and have a story idea to share?

Persons: —, Yanliu Huang, Farhana Nusrat, Huang, Nusrat, She's, Todd Vasos Organizations: Service, Business, Kroger, Costco, Drexel University's LeBow College of Business, Drexel, University of San, Walmart Locations: University of San Diego, Albuquerque , New Mexico

Publicly listed data company LiveRamp's $200 million acquisition of data clean room provider Habu looks set to fire the starting pistol for a more buoyant year of adtech and martech M&A, experts have predicted. He noted that while ad teams aren't using these clean rooms en masse, many have activated them, which bodes well for the Habu acquisition. ID5's technology is deployed by the most online publishers of any identity service, according to Sincera , which measures which adtech companies are used across the industry. LiveRamp, also, could be an acquisition target, Salmon noted, as it builds out new data offerings like the clean rooms it will inherit from Habu. But not everyone is predicting the Habu acquisition will necessarily lead to an influx of M&A around cookieless adtech.

Persons: Conor McKenna, Luma's McKenna, Shailin Dhar, Dhar, Mathieu Roche, who've, InfoSum, Myles Younger, Dan Salmon, Wayne Blodwell, ID5, Roche, " Roche, Salmon, Elgin Thompson, hasn't, Thompson Organizations: Business, LUMA Partners, FIT Holdings, Companies, New, Research, Impact Media, Citizens JMP Securities, Walmart Locations: adtech, LiveRamp, Habu

SANTA FE, N.M. (AP) — A U.S. District Court judge is standing by her decision to block portions of a public health order from New Mexico's governor that would suspend the right to carry firearms in many public parks in the Albuquerque area, with appeals pending before a higher court. The Monday order from Albuquerque-based Judge Kae Riggs denied a request from the governor to leave in place a temporary ban on firearms in some public places in greater Albuquerque, including most public parks. “Judge Riggs’ opinion ignores this caselaw and the massive amount of historical evidence in the record supporting the constitutionality of the temporary restrictions imposed by the public health order,” Hayden said in an email. The rest of the public health orders have remained intact, including directives for monthly inspections of firearm dealers statewide, reports on gunshot victims at New Mexico hospitals, wastewater testing for illicit substances at schools and more. Votes against the bill were cast by two Republican lawmakers who are pursuing impeachment proceedings against the governor for her emergency health orders on gun violence.

Persons: Kae Riggs, Riggs, Michelle Lujan Grisham, James Springer —, ”, Blair Dunn, David Urias, Lujan Grisham, Maddy Hayden, “, Judge Riggs, ” Hayden, ” Lujan Grisham, Christine Chandler Organizations: SANTA FE, —, District, U.S, Tenth Circuit, New, Republican, National Rifle Association, Walmart Locations: SANTA, U.S, New, Albuquerque, Torrance County, Denver, Urias, New Mexico, Los Alamos, El Paso , Texas

☆ Customers have soured on self-checkout, and a new study says there’s proof
▼ + stars: | 2024-01-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

The study comes as some companies remove self-checkout machines and others adjust their self-checkout operations. Regular checkout also makes customers feel that they are receiving the service they are entitled to as customers of that store, the study found. “The saved effort during the checkout process and the customers’ sense of entitlement explain the effect of checkout type on customer loyalty,” the study said. Self-checkout, on the other hand, shifts the work to customers, making them feel less rewarded, the study found. At a handful of stores, Target has restricted self-checkout to customers buying 10 items or fewer.

Persons: ShopRite, “, Costco Organizations: New, New York CNN, Drexel University, of Business Research, Drexel, Walmart, Dollar, Target Locations: New York, United States, Britain, British, New Mexico, Delaware

☆ How to become a billionaire
▼ + stars: | 2024-01-23 | by ( Henry Blodget | ) www.businessinsider.com time to read: +6 min

But, according to one friendly billionaire, Mark Cuban, there's no downside to being one. But by far the most common way to become a billionaire in the US is to make tons of money. If that were Brady's only income, and he saved all of it, it would still take him 50 years to become a billionaire. Others are shares of partnerships (hedge funds or private-equity funds, for example) or licensing agreements (like billionaire Michael Jordan's deal with Nike). Mark Cuban also recently said that becoming a billionaire is all about luck.

Persons: —, Mark Cuban, year's, Forbes, Tom Brady, Michael Jordan's, Warren Buffett, Berkshire Hathaway, Luck, it's Organizations: Service, Business, year's Forbes, Forbes, NFL, Nike, Berkshire, Microsoft, Oracle, Google, Facebook, Bloomberg, Berkshire Hathaway, Amazon, Walmart Locations: Berkshire, America, Norway, Dell

☆ 4 of the biggest stereotypes about Americans, debunked by a British woman living in Ohio
▼ + stars: | 2024-01-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Read previewA British woman who moved to the US says she had many misconceptions about the country until she lived there. Stereotype 1: Americans are lazyIn one video, Hart said there was a misconception that Americans are "lazy people" which she'd found to be "so not true." AdvertisementHart said that contrary to the stereotype that Americans are lazy, she thinks Americans are extremely committed to work. In a January TikTok , Hart also brought up the fact that many Americans don't have passports and are not required to have them to travel between states. AdvertisementIn a post from July 2023, she expanded on the topic of American friendliness while challenging another stereotype that Americans don't like British people.

Persons: —, Millie Hart, Hart, she's, she'd, it's, Ralph Buehler, I've, Hart's Organizations: Service, Business, Fox News, Pew Research Center, Virginia Tech, Forbes, RAC, Walmart, NBC Locations: West Midlands, England, Ohio, America, Britain's

☆ Some X users are convinced Elon Musk rigged the results of a MrBeast ad experiment where he earned $250,000
▼ + stars: | 2024-01-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

He tested how much ad revenue one video generated, and after three days, he said it earned $250,000. AdvertisementSome X users are convinced that Elon Musk rigged the results of MrBeast's ad revenue experiment to inflate his earnings to $250,000. "I'm curious how much ad revenue a video on X would make so I'm reuploading this to test it. Will share ad rev next week ❤️ pic.twitter.com/amSSmddFht — MrBeast (@MrBeast) January 15, 2024Donaldson, though pleased with the result, said it was "a bit of a facade." Musk seemed to respond to the claims he rigged the results in an X post on January 20.

Persons: MrBeast, Elon, —, Elon Musk, Jimmy Donaldson, X's, Donaldson, ❤️, Musk, Evan, Kat Lo, Jack Appleby, Rebecca Mardon, Mardon, Chris Kubbernus, Kubbco, TikTok, Kubbernus Organizations: Service, YouTube, Apple, Walmart, Twitter, Mashable, Cardiff University

☆ How the superrich, like Walmart's Waltons, get richer by using trusts to give to charity and save on tax
▼ + stars: | 2024-01-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

If the calculations predict that the trust's remainder interest is zero, the beneficiaries are exempt from estate tax even if the assets actually appreciate by a greater amount. If the trust assets are invested and achieve an annual rate of return of 9% a year, the CLT's remainder will be $2.1 million. Advertisement"It's a fantastic low interest rate play," said Renn. "The problem now is rates have really risen and it's to the point where some investments clearly can outperform a 4% or 5% interest rate, but others might struggle." In this interest rate environment, charitable remainder trusts (CRTs) have better odds.

Persons: —, Jacqueline Kennedy Onassis, Walton, Lance Morgan, Ed Renn, I've, Renn, Dan Griffith, Griffith, CLTs, Onassis, Jennifer Galvagna, Michael Prinzo, they're Organizations: Service, Tax, Business, Bloomberg, Huntington Private Bank, Bank of America Private Bank Locations: Withersworldwide, CLTs, Israel, Palestine

☆ This MIT study says AI won't take my job. But it doesn't make me feel too sure that AI won't take my job.
▼ + stars: | 2024-01-22 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

The study looked at jobs where AI could be used for some sort of computer vision to replace regular human vision. Pretty much across the board, even for big companies like Walmart, they found that it would rarely be worth replacing workers with AI visual detection. From the paper:We find that the median employee works in a firm where close to none of the vision tasks are cost-effective to automate. Here's the bad news: This is only a study for jobs that could be replaced by computer vision, which is a pretty specific thing. AdvertisementFor me, I'm not so worried about computer vision taking over my job writing this article, but uh … well … you know.

Persons: I'm, —, 😬 Organizations: MIT, Service, Walmart Locations: United States

☆ How to find hidden cameras in hotels and house rentals: We tested five ways — and one's the clear winner
▼ + stars: | 2024-01-22 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +5 min

Hidden cameras are being found in hotel rooms, house rentals, cruise ships, and even airplane bathrooms, leaving many travelers to wonder: "Could a hidden camera be watching me?" It's no wonder why websites, from YouTube to TikTok, are filled with videos of people recommending simple ways to find hidden cameras. They then connected the hidden cameras to that network, bypassing the home's main network. Tjia said most hidden cameras are made in China, where, ironically, they are banned. Resembling binoculars, it also accentuates light that is reflected from a camera lens.

Persons: Pieter Tjia, Tjia, Victor Loh, Victor, Victor didn't Organizations: Amazon, Walmart, OMG Solutions, YouTube, CNBC Locations: Singapore, China

☆ Shein and Temu use a loophole to ship millions of packages to the US tax-free. Here's why the tax rule faces increased scrutiny.
▼ + stars: | 2024-01-22 | by ( Madeline Stone | ) www.businessinsider.com time to read: +9 min

The other bill, from Sen. Bill Cassidy and Sen. Tammy Baldwin, would ban de minimis shipments from China. The provision is more likely to change — a prospect that both Shein and Temu have said they support. Jennifer Ortakales Dawkins/InsiderShipping consultancy ShipMatrix estimates that Shein and Temu each ship more than a million packages to the US daily. It added that almost 50% of all de minimis shipments to the US come from China. Related stories"Changes to the exemption could create a paradigm shift for retailers like Temu and Shein," Bank of America analysts wrote in the note.

Persons: minimis, Earl Blumenauer, Russia —, Bill Cassidy, Sen, Tammy Baldwin, Cassidy, Baldwin, Jay Sole, It's, Jennifer Ortakales Dawkins, Shein's, Temu, Shein, Donald Tang, SHEIN, de minimis, they've, Steve Story, Sole, Satish Jindel, ShipMatrix, Jindel Organizations: Business, Customs, Rep, Bank of America, US Chamber of Commerce, Express, UBS, Pinduoduo Holdings, Goods, Shipping, Chinese Communist Party, China . Shipping, Wired, Shein, American Apparel and Footwear Association, Apex Logistics International, Walmart Locations: Xinjiang, China, Russia, Sen, Singapore, Boston, minimis, United States, mstone@insider.com

☆ Why is your grocery delivery taking so long? Your driver has 2 other deliveries.
▼ + stars: | 2024-01-22 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Delivery apps like Instacart and Walmart Spark often 'batch' orders together. Drivers have a choice, companies sayBatches have been part of Instacart's strategy for "several years," a company spokesperson told BI. Advertisement"Some customers get angry wondering why it's taking so long," the Alabama driver said. Customers give drivers low ratings and pull away tips as a result, the driver told Insider. AdvertisementDo you work for Instacart, Spark, or another delivery service and have a story idea to share?

Persons: —, they'll, Instacart, Uber, commenter Organizations: Walmart, Service, Drivers, Alabama, FedEx, UPS, SEC Locations: Alabama, North Carolina, New York City, Queens, Brooklyn

☆ 15-year-old lands $100,000 'Shark Tank' offer for idea he had at age 8: 'You're a great example for kids'
▼ + stars: | 2024-01-22 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

You don't have to be a high school graduate — or an adult — to win over investors on ABC's "Shark Tank." "You're a great example for kids out there who want to be entrepreneurs," Mark Cuban added. "They're going to help us [with] prototypes, manufacturing, distribution ... They're going to get us in stores like Target, Walmart, Kroger and Costco." There's no way they're not going to buy you out."

Persons: Nathaniel Wellen, Wellen, Lori Greiner, Mark Cuban, Nathaniel —, Greiner, Barbara Corcoran, Kevin O'Leary, O'Leary, " O'Leary, Robert Herjavec, Herjavec, You've, Robert Organizations: Target, Walmart, Kroger, Costco, CNBC Locations: Los Angeles

☆ These Seven Tech Stocks Are Driving the Market
▼ + stars: | 2024-01-22 | by ( Karl Russell | Joe Rennison | ) www.nytimes.com time to read: +8 min

These Seven Tech Stocks Are Driving the MarketThe S&P 500 is at a new high, and investors have just a handful of stocks to thank for it. Market value of S&P 500 companies These seven companies account for 29% of the S&P 500’s market value Alphabet $1.8 tril. Amgen Linde Qualcomm Intel Pfizer These seven companies account for 29% of the S&P 500’s market value Market value of S&P 500 companies Thermo Fisher Scientific McDonald's Cisco Sys. Berkshire Hathaway UnitedHealth Costco These seven companies account for 29% of the S&P 500’s market value Market value of S&P 500 companies Thermo Fisher Scientific Abbott Labs. Indeed, based on price alone, the seven big tech stocks were not the best performing in the S&P 500.

Persons: Jan, it’s, Berkshire Hathaway Tesla, Health Eli Lilly, Johnson Procter, Netflix Walt Disney, Amgen Linde, Wells, Merck Mastercard Eli Lilly Johnson, Johnson, JPMorgan Chase, Berkshire Hathaway, Wells Fargo Walt Disney Pfizer Amgen, Phillips Goldman, Mastercard Eli Lilly Abbvie Johnson, Chase Organizations: Apple, Meta, Microsoft, Nvidia, Tesla, Berkshire, JPMorgan Chase United, Health, Broadcom Johnson, Gamble Exxon Mobil Home Depot Mastercard Costco Walmart Oracle Merck Accenture, Mobile Wells Fargo PepsiCo Comcast, Intuit, Fisher, Netflix Walt, Netflix Walt Disney Cisco Sys, Verizon Abbott Labs, Amgen, Amgen Linde Qualcomm Intel Pfizer, Cisco Sys, Abbott Labs, Accenture Netflix Linde Intel PepsiCo Oracle Walmart, Wells Fargo Walt Disney Qualcomm, Mobile Comcast Intuit, Verizon, Pfizer, Merck Mastercard, Johnson Nvidia, Visa Exxon Mobil Apple, Broadcom, JPMorgan, JPMorgan Chase Procter, Gamble, Costco, Fisher Scientific Abbott Labs, Cisco Systems Accenture PepsiCo, Netflix Linde Intel Oracle Walmart, Wells Fargo Walt Disney Pfizer, Mobile, Comcast Intuit Verizon Qualcomm Amazon, Merck Uber Tech, P Global American, Phillips Goldman Sachs IBM UPS Honeywell Boeing, Mastercard, Adobe Exxon Mobil Apple, Broadcom Chevron Home, Micro Devices, Chase Procter, Berkshire Hathaway UnitedHealth Bank of America Costco, Royal, General, Amazon, Big Tech, IBM, Exxon, General Electric, & & + + + Locations: Berkshire, Royal Caribbean

☆ Rachel McAdams officially passed the Regina George torch to Reneé Rapp on 'SNL'
▼ + stars: | 2024-01-21 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewReneé Rapp recently made her "Saturday Night Live" debut, and she had a very special guest show up to support her. When she took to the stage to perform, the star of the musical "Mean Girls" remake was introduced by none other than the original Regina George herself, Rachel McAdams. AdvertisementRapp then performed "Not My Fault," which appears on the soundtrack of the "Mean Girls" remake. Rachel McAdams in "Mean Girls" (2004).

Persons: —, Reneé Rapp, Regina George, Rachel McAdams, McAdams, Rapp's, Renee Rapp, Rapp, Megan Thee Stallion, Jacob Elordi, Megan —, Li Organizations: Service, Business, Rockefeller Locations: fried, h

☆ X is left with advertisers pushing dubious cryptocurrency and AI 'undressing' apps, users say after Musk's outburst
▼ + stars: | 2024-01-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Some X users are complaining the site is overrun with ads pushing crypto and AI "undressing" apps. Social media experts say an advertiser exodus has left X reliant on less reputable buyers. AdvertisementElon Musk's war on advertisers seems to be having some unintended consequences for X. Business InsiderOther suspect advertisements have been spotted on the site, with users also complaining about a surge in ads on their timelines for "undressing" apps. "It also shows the race to the bottom that the X platform has fallen into," he added.

Persons: Elon Musk, —, Elon, xqCDa7Ilgm, kevin harrish, Jeff MacDonald, Mekanism, Hamza Mudassir, Musk, Alex Jones, MacDonald, Linda Yaccarino, X, Matt Navarra Organizations: Social, Service, Business, Twitter, Media, Cambridge University, Apple, Disney, The New York Times, Times, IBM, Walmart

☆ A viral video appears to show Walmart Spark shoppers with perishable groceries waiting for a ride in the Arizona sun
▼ + stars: | 2024-01-19 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

A viral video appears to show Walmart Spark workers leaving perishable groceries in the sun. Some Spark drivers appear to be using fraudulent identities, as Business Insider previously reported. Additionally, many Spark drivers appear to be using accounts with names other than their own. Walmart previously told BI that selling, renting, or borrowing accounts goes against its policies for Spark workers. Do you work for Walmart Spark and have a story idea to share?

Persons: —, Aaron, YouTube Aaron, Aaron said, wasn't, they've, he'd, dreuter@businessinsider.com Organizations: Walmart, YouTube, Arizona Walmart, Business, Service, Spark ., Spark Locations: Arizona, Chandler , Arizona

After much preparation, the 12-year-old's small scene turned into a big problem among school officials in Wheatland, Wyoming. Located on the eastern Wyoming plains, Wheatland is a small farming and ranching community with about 3,500 residents. There are few restaurants, no department stores — not even a local Walmart — and few performance venues besides Wheatland High School. "Unless you’re super closed-minded, I don’t see why you would do that.”Drama coach Stephanie Bradley, who also attended the high school, challenged the decision. “Most people in this part of Wyoming don’t come out early," Bradley said of LGBTQ+ teens on the state's rural plains.

Persons: — Oliver Baez, ” Baez, Matthew Shepard, ”, Cassie Baez, Oliver, Lu Lay, John Weigel, hadn't, belittling, Baez, ” Weigel, Robert Daniel, ” Daniel, Erica Biggs, ” Biggs, Sara Burlingame, “, ” Burlingame, Melissa Rukavina, Stephanie Bradley, Bradley Organizations: University of Wyoming, Walmart, Wheatland High School, Platte County Players, Wyoming Equality, Hate, Gay and Lesbian Fund of Colorado, Prevention Locations: WHEATLAND, Wyo, Wheatland , Wyoming, Wheatland, Wyoming, . Wyoming, South Carolina, Platte, Cheyenne

☆ Walmart is boosting store managers' average pay to $128,000 — and offering a bigger bonus
▼ + stars: | 2024-01-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Read previewWalmart store managers are set to see a significant bump in pay next month. The retail giant announced Thursday it will increase salaries for US store managers, bringing the average from $117,000 to $128,000 a year, and offer a bonus of up to 200% base pay. This story is available exclusively to Business Insider subscribers. Walmart told Business Insider the changes will take effect on February 1. Store managers at the lowest end of the salary range are set to see the largest increases, jumping from $65,000 to $90,000, while the top end will remain at $170,000, the company told BI.

Persons: —, Cedric Clark, Clark, Doug McMillon Organizations: Service, Business, Walmart, Teamsters

NEW YORK (AP) — Walmart Inc. is raising the starting base pay for store managers, while redesigning its bonus plan that will put more of an emphasis on profits for these leaders. Roughly 75% of its store management started out as hourly workers, Walmart said. Walmart said that the store managers' new starting annual base wage ranges will be from $90,000 to $170,000. Walmart announced in January 2023 that U.S. workers would get pay raises the following month, increasing starting wages to between $14 and $19 an hour. Starting wages had previously ranged between $12 and $18 an hour, depending on location.

Persons: Cedric Clark, Clark, “ They're, ”, “ We’re Organizations: — Walmart Inc, Walmart, Walmart's U.S, Auto Care Centers Locations: Bentonville , Arkansas, U.S

☆ Walmart raises store managers’ pay for first time in a decade, average hits $128,000
▼ + stars: | 2024-01-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year. Walmart said Thursday it is boosting the average pay of its store managers from $117,000, or by just over 9%, the retailer announced Thursday. The company told CNN that it hasn’t made any changes to store managers’ pay structures in more than a decade, before a pandemic and all that followed subsequently, including a period of high inflation. Previously, the pay range for store managers was between $65,000 and $170,000, it said. The retailer noted that as many as 75% of its managers began their Walmart careers as hourly workers.

Persons: New York CNN —, hasn’t, ” Cedric Clark, ” Clark, “, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walmart, CNN, Walmart U.S, Target Locations: New York, The Minneapolis, Bentonville , Arkansas, U.S, Washington

☆ Is This the Year I Should Use My Points to Travel?
▼ + stars: | 2024-01-18 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

The fees are partially used by the companies to run loyalty programs that award points to cardholders that can be redeemed for things like flights and hotels. The act proposes allowing retailers to choose a cheaper system that would reduce the fees. “This has been one of the biggest lobbying battles of all time, pitting two huge industries, retail versus banking,” said Brian Kelly, the founder of the Points Guy, a travel site that helps users maximize reward points and opposes the act. Does the legislation threaten your points? Not immediately, said Leigh Rowan of Savanti Travel, a personal travel management service.

Persons: ”, Brian Kelly, Guy, Leigh Rowan, “ There’s Organizations: Visa, Mastercard, Walmart, Target, Savanti

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