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"Because the consumer is now under more pressure, and Walmart is under pressure, that sets up a dynamic where there's probably not a lot of pricing going forward." The clout Walmart holds over suppliers also means that Walmart would likely get the lowest percentage of any price hikes manufacturers implement, according to investors who track the company. In 2018, Walmart pulled Campbell Soup Co's (CPB.N) products during the key winter season over a dispute over prices and shelf space promotion. At the time, Tesco labeled Heinz's price hikes as "unjustifiable." After raising prices four times in 2022, he said, Clorox doesn't "have any additional plans" to hike prices this year.

Analysts said the new cash may afford Bed Bath only a few quarters to revive its business, and a weakening economy would diminish any chance of a successful turnaround. Bed Bath declined to comment on Hudson Bay Capital's role in the share sale. "All is on hold," a maker of children's apparel said last week, adding that it had stopped shipping products to Bed Bath since early January. A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. Reuters reported late last month that Bed Bath had lined up liquidators to close additional stores unless a last-minute buyer emerged.

☆ Pension schemes advised to sell LDI funds after gilt chaos - FT
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

Feb 6 (Reuters) - Pension schemes that invested in liability-driven investment (LDI) funds run by BlackRock and other managers are being advised to sell their holdings, the Financial Times newspaper reported on Monday. Investment advisers XPS Pensions and Barnett Waddingham have cut their ratings on some pooled LDI funds to their lowest ranking, according to the report, adding that the downgrades had been communicated to multiple pension funds. The downgrades only affected "pooled" fund arrangements, or a large group of pension schemes invested together, rather than individual scheme funds, the report added. XPS confirmed that it has downgraded three LDI managers pooled funds off the back of the research undertaken during December and January. LDI funds have been used by pension schemes to ensure they can meet payouts to pensioners in future years.

☆ Apple's India supplier Jabil making AirPods parts for export-Bloomberg
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Jan 29 (Reuters) - Apple-supplier Jabil Inc's (JBL.N) India unit has begun making components for AirPods in the country and is shipping plastic bodies or enclosures for AirPods to China and Vietnam, Bloomberg News reported on Sunday, citing people familiar with the matter. Apple Inc (AAPL.O) and Jabil did not immediately respond to a Reuters request for comment. The move marks another step in Apple's plans to shift its manufacturing away from China amid rising trade and geopolitical tensions between Beijing and Washington. The iPhone maker wants India to account for up to 25% of its production, from about 5%-7% now. Apple has bet big on India since it began iPhone assembly in the country in 2017, in line with the Indian government's push for local manufacturing.

☆ 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.

☆ Bitcoin rises 6.2 percent to $22,401
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: 1 min

Jan 20 (Reuters) - Bitcoin rose 6.24 % to $22,401 at 22:07 GMT on Friday, adding $1,315 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 35.8% from the year's low of $16,496 on Jan. 1. Ether , the coin linked to the ethereum blockchain network, rose 5.66 % to $1,639.2 on Friday, adding $87.8 to its previous close. Reporting by Siddharth Jindal in Bengaluru; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

[1/5] The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. Each of America's five largest tech companies, though, are expected to report a fall in profits for the October-December period, as they try to recalibrate in a high-interest environment. Facebook-owner Meta Platforms Inc (META.O) and Amazon.com Inc (AMZN.O) are expected to report the biggest declines. Big tech companies are expected to be among the biggest drags to S&P 500's eleven sectors, with the information technology sector projected to report an earnings decline of 9.5%, according to FactSet data. Analysts expect the company to report a 2.4% rise in revenue, the slowest pace in about 24 quarters.

☆ Davos 2023: The World Economic Forum explained
▼ + stars: | 2023-01-16 | by ( Siddharth K | ) www.reuters.com time to read: +4 min

DAVOS, Switzerland, Jan 16 (Reuters) - The World Economic Forum (WEF) returns to its snowy winter residency in the Swiss Alps this week with a record attendance of business and government leaders. The WEF's roots stretch back to 1971 when its founder Klaus Schwab invited executives from European companies to the then tiny ski resort of Davos, high in the Swiss Alps. With climate change top of the agenda, chiefs of major energy companies are back after a COVID-related hiatus. Others include IMF Managing Director Kristalina Georgieva, European Central Bank chief Christine Lagarde, NATO General Secretary Jens Stoltenberg, President of the European Commission Ursula von der Leyen and Chinese Vice-Premier Liu He. Climate change topped the WEF's survey of global risk and energy company executives will mix with climate activists and environment ministers at the forum.

☆ The Japanese yen is going to be 'the trade of the year,' says BNP Paribas
▼ + stars: | 2023-01-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Japanese yen is going to be 'the trade of the year,' says BNP ParibasSiddharth Mathur of the bank discusses why its bullish on the Japanese yen.

☆ Bitcoin climbs above $20,000 first time in over two months
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: 1 min

Jan 13 (Reuters) - Bitcoin rose on Saturday above $20,000 for first time in over two months. Bitcoin, the world's biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close. The cryptocurrency is up 26.4% from the year's low of $16,496 on January 1. Ether , the coin linked to the ethereum blockchain network, rose 5.91 % to $1,536.9 on Saturday, adding $85.90 to its previous close. Reporting by Siddharth Jindal and Maria Ponnezhath in Bengaluru Editing by Chris Reese and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin rises 5.5% to $19,897
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: 1 min

Jan 13 (Reuters) - Bitcoin rose 5.54% to $19,897 at 22:13 GMT on Friday, adding $1,044 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 20.6% from the year's low of $16,496 on Jan. 1. Ether , the coin linked to the ethereum blockchain network, rose 2.98% to $1,458.8 on Friday, adding $42.2 to its previous close. Reporting by Siddharth Jindal in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin rises 6% to $19,005
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: 1 min

Jan 12 (Reuters) - Bitcoin rose 6% to $19,005 at 21:04 GMT on Thursday, adding $1,075 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 15.2% from the year's low of $16,496 on Jan. 1. Ether , the coin linked to the ethereum blockchain network, rose 3.06% to $1,432.8 on Thursday, adding $42.6 to its previous close. Reporting by Siddharth Jindal in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ The story behind hing, one of India's most divisive ingredients
▼ + stars: | 2023-01-12 | by ( Shalbha Sarda | ) edition.cnn.com time to read: +4 min

The resin from its roots is used in Indian cooking – usually after it’s ground into powder and mixed with flour. At the Khari Baoli market in old Delhi, for instance, hing even manages to ‘out-smell’ all the other spices. Despite the culinary diversity of India, hing is a constant.”Jains, for example, eschew onion, garlic and ginger in addition to not eating meat. The history of hingSome scholars credit Alexander the Great for first bringing hing to India. Nevertheless, Indians have had their encounter with hing now; it came, it saw, and it stayed.”The professor adds that hing was used in some Greco-Roman cooking but didn’t last long.

Persons: ‘ Asa ’, it’s, hing, Hing, Siddharth Talwar, Rhea Rosalind Ramji, Ramji, Talwar, Alexander the Great, ”, Ashish Chopra, “, umami, asafoetida Organizations: CNN, The, Showbiz Chefs, hing, National Library of Medicine Locations: Afghanistan, Iran, Uzbekistan, India, Delhi, Worcestershire

☆ Stripe cuts internal valuation by 11% - The Information
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

Jan 11 (Reuters) - Digital payments firm Stripe has cut the internal value of its shares by about 11%, implying a valuation of $63 billion, the Information reported on Wednesday. It's at least the third time since June that Stripe has cut its internal valuation, following a smaller cut in October, and brings the total reduction to about 40% in the past six months, according to the report, citing a person familiar with the matter. Last year, U.S. technology stocks were badly hit as tightening monetary policy and worries of a looming recession soured investor sentiment. Stripe in November cut its headcount by about 14%, saying that the payments startup had overhired and grew operating costs too quickly. Reporting by Siddharth Jindal in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: The 10 biggest U.S. retail bankruptcies in 5 years
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +4 min

J.C. PenneyAssets: $7.99 billionLiabilities: $7.16 billionStores: 846After more than a century in business, the department store chain filed for bankruptcy protection in May 2020, weighed down by mounting debt. At the time, its bankruptcy was the biggest collapse of a U.S. retailer by assets since Kmart in 2002. It soon emerged from bankruptcy with much of its store base intact and $400 million in fresh financial aid. Tailored BrandsAssets: $2.48 billionLiabilities: $2.84 billionStores: Over 1,400The owner of tuxedo and business suit chain Men's Wearhouse filed for bankruptcy in August 2020. It emerged from bankruptcy just days short of a year since it filed for bankruptcy under a new name, Premier Brands.

☆ India markets to be 'volatile to tepid' in H1: Financial services firm
▼ + stars: | 2023-01-05 | 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 EmailIndian markets are likely to be 'volatile to tepid' in first half of 2023: Financial services firmSiddharth Sedani of Anand Rathi Shares and Stock Brokers says, however, that the second half of the year could be "quite exciting and promising."

☆ Indian food delivery firm Zomato's co-founder Patidar resigns
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Jan 2 (Reuters) - Zomato Ltd (ZOMT.NS) said on Monday Gunjan Patidar, the company's co-founder and chief technical officer, had resigned after more than a decade with the Indian food delivery firm. "Patidar was one of the first few employees of Zomato and built the core tech systems for the company," it said in a stock exchange filing. Zomato, which did not say why Patidar was resigning, has posted losses narrowing in its last two quarterly results. Its food delivery business' gross order values - the total value of all food delivery orders placed online on Zomato's platform - jumped 23% from a year earlier in the September quarter. Reporting by Navamya Ganesh Acharya in Bengaluru Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Wuhan resident Xie Zhicong said he and everyone in his family, aside from his grandmother, had been infected. Xie, a 25-year-old salesman, said it was difficult to see a doctor when he went to a hospital for an examination last week. The hospital that Xie visited did not respond to requests for comment on his claims. People who have recovered, Xie said, are looking ahead to life after three years of “zero-Covid” restrictions. Though China is experiencing a massive outbreak much as it did at the start of the pandemic, once it’s over the virus won’t have many places left to go, Sridhar said.

☆ India wicketkeeper Rishabh Pant injured in car crash
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

[1/2] Cricket - Fifth Test - England v India - Edgbaston, Birmingham, Britain - July 1, 2022 India's Rishabh Pant celebrates reaching his century Action Images via Reuters/Jason CairnduffNEW DELHI, Dec 30 (Reuters) - India wicketkeeper Rishabh Pant was hospitalised on Friday after being involved in a car crash, his Indian Premier League (IPL) team said. His IPL team Delhi Capitals said the crash was in the northern state of Uttarakhand. "Rishabh Pant met with an accident between Manglaur and Narsan in Haridwar district," they said in a tweet. "Praying for Rishabh Pant. Pant was part of the India test squad that sealed a 2-0 series victory over Bangladesh this month.

The officials said the Biden administration was considering steps similar to those already taken by Japan, which said Tuesday that all travelers from mainland China would be tested on arrival, and Malaysia, which has stepped up tracking and surveillance of travelers from China. Taiwan also said Wednesday that travelers from mainland China would have to take a PCR test on arrival, with those who test positive allowed to isolate at home. Last week, India said it would make virus testing mandatory for travelers arriving from China as well as Japan, South Korea, Hong Kong and Thailand. Any restrictions would be applied to all travelers coming from China, regardless of nationality, the U.S. officials said. Earlier this month, China abruptly eased its “zero-Covid” approach following mass protests, scrapping domestic rules and lifting quarantine requirements for those traveling to China.

☆ U.S. weighs COVID-prevention measures for travelers from China -Bloomberg News
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: 1 min

Dec 27 (Reuters) - The United States is considering taking new COVID-19 precautions for people traveling from China, Bloomberg News reported on Tuesday, citing U.S. officials. The government is concerned about the surge of cases in China and has raised questions about the transparency of data the country is reporting about the spread of the virus, the report said. Reporting by Siddharth Jindal in Bengaluru; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares slip on COVID-19, inflation worries
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 22 (Reuters) - Indian shares slipped on Thursday, with declines seen across most sectors after monetary policy minutes revealed strong concerns about elevated inflation, while fears about rising COVID-19 cases in China weighed on sentiment. India's health minister on Wednesday said the pandemic was "not over yet" given "the rising cases of COVID-19 in some countries". Asian markets also advanced after the bounce in U.S. shares, with the MSCI Asia ex Japan (.MIAPJ0000PUS) rising 1.49%. India's retail inflation eased below the RBI's upper tolerance limit of 6% for the first time in 2022 in November, but core inflation stayed above 6%. Khemka also said the remarks from the RBI minutes were "consistent with the central bank's adherence to tackling inflation".

☆ Bitcoin miner Core Scientific to file for Chapter 11 bankruptcy- CNBC
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - Core Scientific Inc (CORZ.O), one of the biggest publicly traded crypto mining companies in the United States, will soon file for Chapter 11 bankruptcy protection, CNBC reported, citing one person familiar with the matter. The development comes after one of the largest creditors of Core Scientific B. Riley Financial Inc (RILY.O) had offered $72 million last week to avoid the bitcoin miner's bankruptcy. Core Scientific did not immediately respond to a Reuters' request for comment outside business hours. Bitcoin miners have been under severe pressure as their profitability dropped amid a slump in cryptocurrency prices and soaring energy rates. Core Scientific was also impacted by the litigation with Celsius Networks LLC and its affiliates.

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