-
Walmart reported strong third-quarter earnings, exceeding expectations with a 5% sales increase, while Target's results fell short, leading to a significant drop in its stock. Both retailers are navigating a cautious consumer landscape influenced by inflation and changing shopping behaviors ahead of the holiday season.
-
As inflation pressures persist, major retailers like Target, Walmart, and Aldi are significantly reducing prices on holiday meals and gifts. Target has announced price cuts on over 2,000 products, while Walmart promotes its 'inflation-free' Thanksgiving meal. These moves aim to attract budget-conscious consumers ahead of a challenging holiday shopping season.
-
Bernie Marcus, co-founder of Home Depot, passed away at 95 in Boca Raton, Florida. Known for his retail vision and philanthropy, Marcus led Home Depot's growth into a major home improvement retailer. His legacy includes significant charitable contributions and a strong political presence, particularly in support of Donald Trump.
-
Michael Bloomberg and Bill Gates have made significant donations to Kamala Harris's presidential campaign, contributing $50 million each to Future Forward USA Action. This marks a notable shift in their political engagement as they respond to concerns over a potential second Trump presidency, with both billionaires historically cautious about political donations.
-
Two flight attendants, Adele Pearson and Samantha Carlisle, have filed a lawsuit against Arthur Blank's family office, AMBFO, alleging unpaid overtime and poor working conditions. The suit claims they were overworked and improperly classified as exempt from overtime pay, while also handling personal errands for Blank and his family.