Walgreens, WBA, CEO has said anti-shoplifting strategy backfired: ‘When you lock things up…you don’t sell as many of them’

Amid a challenging retail environment, Walgreens Boots Alliance outlined its strategic pivot during its Q1 2025 earnings call. Despite a 23% year-over-year drop in adjusted earnings per share (EPS) to $0.51, the company surpassed expectations, driven by strong cost management and solid performance in U.S. pharmacy

Short Seller Hindenburg Research has said it will be shutting down

Last year, the company was behind a stock sell-off in Indian conglomerate Adani Group which it had accused of improperly using tax havens, accusations the group had denied. Carvana Co. has come under scrutiny from short-seller Hindenburg Research, which accused the auto retailer of engaging in questionable practices

US core CPI YoY actual 3.2% (forecast 3.3%, previous 3.3%)

Consumer prices rose in December, but 2024 ended with some modestly encouraging news on inflation, particularly in the housing sector. The Consumer Price Index (CPI) increased by 0.4% for the month, seasonally adjusted, bringing the annual inflation rate to 2.9%, according to the Bureau of Labor Statistics (BLS)

November's hiring rate of 3.3% is the lowest since the early 2010s when the US was struggling after the Great Recession

The U.S. labor market showed strength in December, with nonfarm payrolls rising by 256,000, the highest monthly increase since March, according to the Bureau of Labor Statistics. The unemployment rate unexpectedly dropped to 4.1%, while average hourly earnings grew by 0.3% compared to November. These figures

Trump's import tariffs could raise the cost of a laptop for Americans by 68%

The Consumer Technology Association (CTA) has released new projections on how much more Americans may pay for tech products if President-elect Donald Trump implements proposed import tariffs. The study examines two potential scenarios: one where a global 10% import tariff is imposed alongside an additional 60% tariff on imports

TikTok plans to shut its app for U.S. users from Sunday

TikTok plans to disable its app for U.S. users starting Sunday, aligning with a potential federal ban on the platform unless the Supreme Court intervenes to block the law, sources familiar with the situation revealed. Unlike the legislation, which would prohibit new TikTok downloads from Apple and Google app

Elon Musk says AI has already gobbled up all human-produced data to train itself and now relies on hallucination-prone synthetic data

AI requires massive resources—spanning water, energy, and an estimated $1 trillion in investments—but Elon Musk has highlighted another crucial bottleneck: the depletion of human-generated data needed for training. Speaking with Stagwell CEO Mark Penn in an interview streamed on X, Musk explained that AI systems learn by

Donald Trump's nominee to head the U.S. Transportation Department said that electric vehicles should pay to use roads

Sean Duffy, President-elect Donald Trump’s nominee to lead the U.S. Department of Transportation, expressed support for electric vehicle (EV) owners contributing financially to road maintenance during his Senate Commerce Committee confirmation hearing on Wednesday. “How to do that, I think, is a little more challenging,” Duffy admitted,

Israel and Hamas reach hostage release and ceasefire deal

A ceasefire agreement has been finalized to bring an end to 15 months of conflict in the Gaza Strip, President Joe Biden and Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced. Qatar, which hosted weeks of intense negotiations, played a pivotal role in mediating the deal. The

The FDA today officially banned the use of Red Dye No. 3 in foods and beverages in the US

The U.S. Food and Drug Administration (FDA) has officially banned the use of red dye No. 3 in food and ingested drugs, more than three decades after scientists identified links between the dye and cancer in animal studies, the agency announced on Wednesday. Red dye No. 3, a synthetic

TikTok is planning to shut down its U.S. app on Sunday, and people who already have the app won't be able to use it

The context: Under the plan, even people who have already downloaded the app won't be able to keep using it, according to people familiar with the matter. Users will instead see a pop-up message directing them to a website with information about the ban. However, TikTok will

Hamas has accepted a draft agreement for a ceasefire in the Gaza Strip and the release of dozens of hostages

U.S. Secretary of State Antony Blinken stated that negotiations for a Gaza ceasefire were "on the brink," with reports suggesting the warring sides were nearing an agreement. Envoys from the Biden administration and the incoming Trump administration joined what was described as the “final round” of talks,

The SEC has sued Elon Musk in federal court over an alleged securities violation

The Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday in federal court, alleging that he misled shareholders during his acquisition of Twitter stock in 2022, prior to taking over the company. The SEC claims Musk violated federal securities laws by failing to disclose his purchase

Elon Musk reportedly set to have office space in the White House complex

Elon Musk, CEO of Tesla and SpaceX, is expected to secure office space at the White House as he prepares to head the newly established Department of Government Efficiency (DOGE), according to recent reports. Musk may set up operations in the Eisenhower Executive Office Building, located adjacent to the West

Donald Trump is preparing more than 100 executive orders starting Day One of the new White House

President-elect Donald Trump is preparing to issue over 100 executive orders starting on Day One of his presidency, launching a sweeping agenda focused on border security, deportations, and a range of other policy priorities. During a private meeting with Republican senators on Capitol Hill, Trump outlined the planned actions,

The House has voted to pass legislation restricting transgender women from participating in women's school athletics programs

The House has voted to pass legislation restricting transgender women from participating in women's school athletics programs. On Tuesday, House Republicans passed a bill aimed at barring transgender student-athletes from participating in girls’ sports, elevating the contentious issue following an election cycle where it frequently appeared in

Traders are betting odds that Trump acquires Greenland are up to 16%

This is a sponsored post by Polymarket. Traders are betting odds that Trump acquires Greenland are up to 16%, per Polymarket. President-elect Donald Trump's Republican allies in the U.S. House of Representatives are working to gather support for a bill authorizing negotiations to purchase Greenland, according

Donald Trump has said he will create a new department called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources

President-elect Donald Trump announced plans on Tuesday to establish a new government agency, the External Revenue Service, tasked with collecting tariffs, duties, and other revenues from foreign sources. The announcement comes as Trump prepares to implement new import tariffs after his inauguration next week. Trump shared his intentions on

The CFPB is suing Capital One for misleading consumers about their savings account interest rates and cheating them out of more than $2 billion in interest

The Consumer Financial Protection Bureau (CFPB) has accused Capital One Financial Corp. of misleading customers by offering a higher interest rate on a new savings account while excluding existing accounts from the same benefit. In a lawsuit filed Tuesday in the U.S. District Court for the Eastern District of

Spain proposes 100% tax on property purchases for non-EU buyers

Spain is planning to introduce a tax of up to 100% on the value of properties purchased by non-residents from countries outside the European Union, such as the UK. Prime Minister Pedro Sánchez announced the proposal, calling it an "unprecedented" measure to address the country’s housing

Electric vehicles are expected to outsell cars with internal combustion engines in China for the first time in 2025, 10 years earlier than expected

The electric vehicle (EV) revolution isn’t on its way—it’s already here, and nowhere is this more apparent than in China. In just a few years, the world’s largest automotive market has upended the dominance of internal combustion engine (ICE) vehicles. Sales of EVs, plug-in hybrids

"Job recruiters are carrot-and-sticking candidates with work-from-home perks to get people to sign on at lower salaries"

As more major employers push for a return to the office, employees who prefer working from home have sometimes reacted strongly against these mandates. Some companies are responding by offering remote or hybrid work options to attract new hires. However, there’s often a trade-off: flexible work arrangements come

35% of American workers feel significantly behind when it comes to their retirement savings

Investing early is the most effective way to ensure your retirement savings stay on track, according to Americans. This insight comes from CNBC’s August 2024 Your Money retirement survey conducted with SurveyMonkey, which revealed that just 37% of non-retired Americans feel they are “on schedule” or “ahead of

"Generation Z is unprecedentedly rich," per the Economist

In the U.S., hourly wage growth for 16- to 24-year-olds recently surged by 13% year-on-year, compared to 6% for workers aged 25 to 54. This marks the highest "young person premium" recorded since reliable data collection began (see chart 3). In the UK,

A 20-year US study found that 70 per cent of wealthy families lost their wealth by the second generation, and 90 per cent by the third

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