Browsing: Business
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…
Millions of student loan borrowers fell into default earlier this year — and a second wave of delinquencies could be on its way, the Federal Reserve Bank of New York…
San Jose-based eBay was hammered by a massive cyberattack allegedly carried out by a pro-Iran hacking group that’s now threatening some of world’s biggest tech companies. The shadowy “Islamic Cyber…
Malaysian financier Low Taek Jho, widely known as Jho Low and now a fugitive, has sought a pardon from President Trump, the Wall Street Journal reported Tuesday. Reuters could not immediately verify the…