Home Depot’s first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance. Revenue increased about 4% to $38.91… Read More »Home Depot raises forecast despite slow spring, inflation
Mayor Eric Adams is urging CEOs like JPMorgan’s Jamie Dimon to ride the subway to work as he pushes to bring the city’s workers back… Read More »Eric Adams urges Jamie Dimon to ride subway to work
Walmart’s quarterly profits sorely missed Wall Street’s forecasts despite higher sales, as higher costs from inflation, supply-chain snags and workers’ wages ate into margins. The… Read More »Walmart shares tank 9% as inflation slams profit margins
People may scrap its weekly print edition as its new owner looks to slash costs — even as writers privately gripe that the magazine’s new… Read More »People’s print magazine faces closure: sources
Microsoft plans to boost salaries and benefits to retain its talent in the competitive labor market as decades-high inflation has sapped the buying power of… Read More »Microsoft doubles budget for employee salaries to address inflation, retain talent
A longtime investor in Elon Musk’s companies predicts the mogul’s Twitter takeover bid will close — but not until the Tesla titan negotiates a lower… Read More »Longtime Elon Musk backer says Twitter deal will close at lower price
Peloton Interactive and NordicTrack maker iFit said they have settled all pending litigation between them, where the fitness equipment makers accused each other of infringing their respective patents. In a joint… Read More »Peloton, NordicTrack maker iFit settle all patent lawsuits
Former Treasury Secretary Larry Summers defended the Biden administration Monday during its spat with Amazon founder Jeff Bezos – who has warred with the White… Read More »Larry Summers defends Biden from Bezos attack over inflation
Uber Technologies on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations… Read More »Uber launches robot food delivery in California
Former Goldman Sachs chief executive Lloyd Blankfein is warning there is a “very, very high risk” of recession — and said if we was still… Read More »Lloyd Blankfein warns of ‘very, very high risk’ of recession