Business

Walmart CEO. Inflation on toys, clothing and sports equipment is easing

New York CNN Business: – Finally, shoppers are getting some good news about prices. Inflation is falling on discretionary merchandise just in time for the holidays, Walmart chief Doug McMillon said Tuesday. “In toys, sporting goods, apparel, categories like that, prices have come down more aggressively,” McMillon said in an interview on CNBC. “We’re still …

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Walmart CEO. Inflation on toys, clothing and sports equipment is easing

New York CNN Business: – Finally, shoppers are getting some good news about prices. Inflation is falling on discretionary merchandise just in time for the holidays, Walmart chief Doug McMillon said Tuesday. “In toys, sporting goods, apparel, categories like that, prices have come down more aggressively,” McMillon said in an interview on CNBC. “We’re still …

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Abandon cryptocurrency, CNBC’s Jim Cramer tells investors

CNBC personality Jim Cramer told investors to dump their cryptocurrency investments during a scathing segment in the wake of FTX’s catastrophic bankruptcy. Cramer, a frequent critic of the cryptocurrency sector, likened current conditions within the cryptocurrency sector to those investors experienced when the dotcom bubble burst in 2000. The polarizing CNBC fixture said investors should …

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The very last 747 jumbo jet is about to roll off Boeing’s assembly line

The once-groundbreaking jumbo jet, with the distinctive second-floor bulge, is perhaps the most notable and popular plane Boeing has ever built. It was even big enough to be used to ferry the Space Shuttle from the landing strips in California to its launch site in Florida. And it is set to launch a new type …

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What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian and more than half of adults say inflation is causing financial hardship, but the impact of high prices appears to be easing

Hi MarketWatchers. Don’t miss these top stories. What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian Climate change is roiling the insurance industry, boosting demand for AI-focused, event-based parametric plans like Arbol’s $10 million reinsurance claim. Read More More than half of adults say inflation is causing financial …

What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian and more than half of adults say inflation is causing financial hardship, but the impact of high prices appears to be easing Read More »

Waze Gets In-Car Integration, But American Drivers Have to Wait

That annoying friend who’s constantly telling you how superior Waze is over your crappy navigation app during road trips may soon have to put their money where their mouth is. For the first time, the google-owned social navigation app is getting its own dedicated in-car app, although it will only work with two new Renault …

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McDonald’s franchisee violated child labor laws, investigation finds

New York CNN Business: – A McDonald’s franchise operator has violated child labor laws, according to an investigation by the Department of Labor. Santonastasso Enterprises, which operates McDonald’s locations in the Pittsburgh area, allowed 14- and 15-year-olds to work more than three hours after 7 pm on school days, after 9 pm over the summer …

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US trade deficit jumps 5% to four-month high as global economy weakens

The numbers: The nation’s trade deficit rose 5.4% in October to a four-month high of $78.2 billion, reflecting a small decline in the appetite for American goods and services as the global economy weakens. Economists polled by The Wall Street Journal had forecast a $80 billion shortfall. The deficit widened from $74.1 billion in September, …

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Nestlé develops plant-based foie gras alternative for European markets

Nestlé-owned plant-based brand Garden Gourmet is launching its Voie Gras product – a vegan alternative to foie gras – into 140 Coop stores in Switzerland and certain points of sale in Spain in ‘very limited’ quantities. In Switzerland, a 180g block will retail for CHF 7.95 (€8.09) in the chilled section of the supermarket. It …

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