Walmart is planning to add thousands of electric vehicle-charging stations at its stores by the end of the decade even as EV adoption faces multiple challenges like the high cost of acquisition. “By 2030, we intend to build our own EV fast-charging network at thousands of Walmart and Sam’s Club locations coast to coast,” Walmart…
Asian Stocks Rise Ahead of US Job Market Update
April 7, 2023
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BEIJING—Asian stock markets rose Friday ahead of a United States job market update that traders hope will encourage the Federal Reserve to ease off plans for more interest rate hikes. Shanghai, Tokyo, and Seoul advanced. New York, London, and Frankfurt were closed for the Good Friday holiday. Traders who worry higher interest rates might tip…
Major Australian Bank Starts Cutting Cash Services At Branches
April 7, 2023
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One major Australian bank has begun phasing out cash transactions at a number of its branches saying it is keeping up with the changing behaviour of customers. Australia and New Zealand Banking Group (ANZ)—one of Australia’s “Big Four”—revealed it would begin removing cash withdrawals and deposit services on March 30. Customers will only be allowed…
Victoria Government Will Not Bail Out Collapsed Builder Porter Davis
Victorian Premier Daniel Andrews is not bailing out collapsed major builder Porter Davis saying it is the “right call.” Porter Davis went into liquidation on March 31, affecting over 1,500 homes in Victoria and 200 in Queensland. An additional 779 signed contracts were in the pipeline but are yet to commence. “If the bank is…
How to Reduce the Risk of Fraudsters Accessing Your Business and Personal Bank Accounts
By John Kyle In 2021, Americans lost approximately $5.8 billion from identity theft. There were 2.8 million consumer identity theft incidents reported, which means there could have been much more. Of that, $2.3 billion were from imposter scams, and $392 million were from consumer online shopping. For businesses, 47 percent of all businesses had one…
Country Artist Travis Tritt Boycotts Anheuser-Busch Over Beer Company’s Transgender Ad
Country artist Travis Tritt has announced that he’s dropping all Anheuser-Busch products from his tour amid the beer company’s show of support for transgender ideology. Though the Grammy-winning musician didn’t mention his reason for boycotting the beer company, he did post on Twitter that Anheuser-Busch was a “great American company that later sold out to…
Ford to Drop AM Radio From Most New Vehicles
April 6, 2023
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Ford Motor Co. is preparing to drop AM radio from most of its new vehicles next year, according to a report. The Detroit-based automaker confirmed the move to the Detroit Free Press on April 1, despite concerns from federal officials over American drivers losing access to safety alert broadcasts over the airwaves. “We are transitioning from AM…
General Motors Says 5,000 Employees Took Buyouts, Avoiding Layoffs
General Motors (GM) announced on April 4 that about 5,000 salaried workers had accepted the company’s buyout offers, which the automaker says is enough to avoid layoffs at this time. The offers will save about $1 billion annually in costs, according to GM. The automaker said the “voluntary separation program” is part of efforts to…
Honda Recalls CR-Vs in Cold States to Fix Frame Rust Problem
DETROIT—Honda is recalling nearly 564,000 older small SUVs because road salt can cause the frame to rust and rear suspension parts to come loose. The recall covers certain CR-Vs from 2007 through 2011 that were sold or registered in states where salt is used to clear roads in the winter. U.S. safety regulators say in…
Applications for Jobless Aid Rising but Still at Low Levels
April 6, 2023
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The number of Americans seeking unemployment aid was higher over the past few months than the government had initially reported, reflecting a modest rise in layoffs as the economy has slowed in the face of higher interest rates. The Labor Department reported Thursday that the number of applications has been above 200,000 since early February—above…
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