Browsing: Business
Albertsons shoppers are turning away from one of the supermarket giant’s most profitable aisles, in a worrying sign for the already-battered grocery chain. The Idaho-based company’s latest annual report shows…
Paramount Skydance is arguing that its $110 billion merger with Warner Bros. Discovery is necessary for it to compete with streaming giants Amazon, Disney and Netflix, and that the mega-deal…
Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Prices for food eaten at home rose 2.9%…
Walmart is cutting or relocating about 1,000 corporate workers as the retail giant overhauls its technology and product teams amid a broader push into artificial intelligence and automation. The layoffs…
A popular home insurer in California is hiking rates for homeowners this fall. Farmers Insurance Group, known for its “We are Farmers” jingle with actor JK Simmons, will raise rates…
Activist investor Nelson Peltz’s Trian Fund Management is seeking investor backing for a potential bid to take fast-food chain Wendy’s private, the Financial Times reported Tuesday, citing people familiar with the matter.…
Target is trying to roll itself out of a retail rut. The big-box chain is replacing its entire fleet of shopping carts with a beefier, easier-to-steer model as part of…
Lowe’s and Home Depot are ramping up surveillance in store parking lots in states including California, Texas and Connecticut AI-powered license plate readers to combat theft and keep customers safe…
A US appeals court on Tuesday temporarily paused a lower court ruling against the Trump administration’s 10% global tariff under Section 122 of the Trade Act, keeping the tariffs in place for…
Goldman Sachs will unleash a wave of generative AI “robots” to automate its famed “human assembly line,” but the tech won’t spark mass layoffs, the bank’s President and Chief Operating…