Retail giant Walmart is set to shutter multiple stores across three states after they failed to perform as well as expected, a company spokesperson has confirmed. A Walmart in southeast Albuquerque, New Mexico, is closing down in March after underperforming, as is the South Halsted Street, Homewood store in Illinois. One store located at West Silver Spring…
Walmart to Close Multiple Stores After They ‘Fail to Meet Financial Expectations’
Citigroup Stopped From Underwriting $3.4 Billion Texas Bond for ‘Discriminating’ Against Gun Industry
Citigroup was dropped from plans to underwrite Texas’ largest ever municipal bond—a $3.4 billion plan to raise investment in the state’s natural gas industry—over its oppositional stance to the firearms industry. Citigroup was initially included among the list of firms that could underwrite the $3.4 billion bond. On Thursday, the board of the Texas Natural…
GoFundMe Takes Down Campaigns for Arizona Rancher Accused of Shooting Illegal Alien
February 10, 2023
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ArizonaBusiness & MarketsCompaniesCrime and IncidentsGiveSendGogofundmeillegal alienSocial MediaTechUSUS News
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The GoFundMe fundraising website removed multiple campaigns that were set up to support and raise money for a 73-year-old Arizona rancher who was arrested in late January and charged with first-degree murder after allegedly shooting and killing an illegal alien who reportedly trespassed on his property. A spokesperson for the platform told NTD in an…
Wall Street Edges Lower; Lyft Sinks on Dour Outlook
U.S. main stock indexes opened lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates. The Dow Jones Industrial Average fell 28.34 points, or 0.08 percent, at the open to 33,671.54. The S&P 500 opened lower…
PayPal Announces CEO Dan Schulman to Step Down at End of Year After Shares Plunge
PayPal CEO Dan Schulman will leave the company at the end of the year to “devote more time to my passions outside the workplace” following a turbulent year for the online payments technology firm, which saw the price of its shares plunge more than 60 percent. In a statement on Feb. 9, the online payments company…
US Senators Question Fashion Retailer Shein About Forced Labor in Clothing Supply Chains
U.S. senators wrote a letter to the chief executive of Shein, a Chinese online fast fashion retailer, raising concerns about whether the company made use of cotton sourced from China’s Xinjiang region—a place notorious for pushing forced labor among Uyghur minorities. “We are concerned that American consumers may be inadvertently purchasing apparel made in-part with…
Southwest Vows to Invest in Improvements and Admits Mistakes After Operational Meltdown
Southwest Airlines vows to invest more in software improvements to avoid another meltdown, after its CEO admitted that they “messed up” and would cut executive bonuses. The COO of Southwest, Andrew Watterson, apologized before a U.S. Senate committee panel on Feb. 9 for the airline’s meltdown over the Christmas holidays that stranded thousands of passengers across the United…
Disney’s Iger Reveals He Doesn’t Want to Stay on as CEO Much Longer
Disney CEO Bob Iger said he doesn’t want to stay on as the company’s chief executive any longer than two years, with his remarks coming as the company announced it would cut $5.5 billion in costs and slash 7,000 jobs. Iger told CNBC’s “Squawk on the Street” on Thursday that he plans to to stay…
Tough Tax Led to Britain Losing £320 million Vaccine Factory: Pharma Chief
February 10, 2023
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AstraSenecaBritainBusiness & MarketsCCP VirusCompaniesCOVID-19economic policieseconomyEuropeInvestmentIrelandJeremy HuntMarketstax ratesUKVaccines & SafetyVaxzevriaWorld
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Britain’s tough tax rates led to it losing out on a £320 million new COVID-19 vaccine facility, AstraZeneca’s chief has said. Pascal Soriot said his drugs group chose Ireland as the base for its new state-of-the-art factory owing to the Republic’s low tax laws and commitment to green energy. Addressing the pharmaceutical chief’s comments on…
Global Shares Fall, Eyes on Inflation, Earnings, Growth
February 10, 2023
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TOKYO—Global shares were mostly lower on Friday after Wall Street retreated for a second day as market watchers considered earnings reports and various indicators about whether inflation is waning in the U.S. and elsewhere. France’s CAC 40 lost 0.3 percent in early trading to 7,169.30, while Germany’s DAX shed 0.4 percent to 15,455.07. Britain’s FTSE…
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