Sam’s Club is riding the dual waves of Walmart’s (WMT) rise as budget-conscious consumers flock to wholesale retailers. Led by CEO Chris Nicholas, who started in September 2023, the wholesale club founded in 1983 by Walmart founder Sam Walton has been a beneficiary of inflation-weary shoppers. In its most recent fiscal quarter, same-store sales, excluding […]

Key Takeaways MicroStrategy shares rose in premarket trading Monday after Bitcoin set a new record high and the company’s stock was added to the Nasdaq 100 index. The stock has consolidated within a descending triangle, a chart pattern that often signals a move in the direction of a breakout or breakdown. The bars pattern tool, which

Pixdeluxe | E+ | Getty Images As the Federal Reserve prepares to lower interest rates once again at the end of its two-day meeting this week, Americans’ assessments of the future are improving. Although a prolonged period of high inflation took a toll on household budgets, consumers are feeling increasingly optimistic about their financial situation, according to a

By David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor (F) and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky. The low-cost government loan for the BlueOval

Generative artificial intelligence startup Liquid AI has announced the closure of a $250m early-stage funding round. The round was led by chipmaker Advanced Micro Devices (AMD), which is also a strategic partner to the Cambridge, Massachusetts-based company. This investment aims to bolster Liquid AI’s development of Liquid Foundation Models (LFMs), which are lightweight, general purpose

Sebastien Bozon | AFP | Getty Images LONDON — The U.K. officially brought its sweeping online safety law into force on Monday, paving the way for stricter supervision of harmful content online and potentially massive fines for technology giants like Meta, Google and TikTok. Ofcom, the British media and telecommunications watchdog, published its first-edition codes

Many retirees end up leaving the workforce without enough savings to last them through retirement. While some experts think working longer may be a fix to people’s lack of retirement savings, labor economist and retirement security expert Teresa Ghilarducci thinks that probably isn’t the solution. Instead, she advocates for changes to the existing system for

(Bloomberg) — US equity futures shrugged off downbeat performances in other key markets as traders prepared for a slate of interest-rate decisions by major central banks due later this week. Bitcoin hit a fresh record. Most Read from Bloomberg Nasdaq 100 contracts rose 0.3%, pointing toward further gains after the index closed at an all-time

By Jessica DiNapoli NEW YORK (Reuters) – Procter & Gamble has promised a group of shareholders it will disclose more details about how it audits wood-pulp suppliers, the investors told Reuters, after shareholders pushed the maker of Charmin toilet paper for years to source forest products more sustainably. The world’s biggest consumer products maker has