Walmart CEO Doug McMillon said more consumers are becoming more budget conscious and aiming to spend less on Christmas presents this year. CNBC’s Kate Rooney describes how consumers have shifted toward Walmart during the spike in inflation.
Category Archives: business
White-collar layoffs soar at brand-name companies amid broader economic slowdown
At the beginning of the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions.
Minted founder reveals ‘Christmas miracle’ that saved her business
Mariam Naficy, founder of Minted, considered calling it quits after finding little success selling “Save the Date” cards for weddings. After pivoting to become a holiday card company, Minted skyrocketed to success and stays true to its mission of empowering independent artists.
What job seekers and office workers can expect in 2023
LinkedIn’s editor-in-chief reveals the annual list of big ideas predicting what businesses and workers should prepare for in the new year including hybrid jobs, hiring pace and more.
Silvergate's ties to FTX and Sam Bankman-Fried entities draw Senate scrutiny
Sen. Elizabeth Warren and two GOP colleagues sent Silvergate Bank a request for info about the bank’s relationship with FTX and other Sam Bankman-Fried entities.
Former 'Say Yes to the Dress' designer speaks on career pivot
Former “Say Yes to the Dress” designer Hayley Paige Gutman legally changed her name to Cheval following a failed contract renegotiation with her former employer. Cheval now shares her story on creating her new brand “She is Cheval” and her path to taking on a significant career pivot.
How to know if your government identification card complies with REAL ID standards
TSA announced a change to the REAL ID deadline; here is what you need to know about the new deadline and details on the regulations.
Hertz will pay $168 million to settle hundreds of false car theft claims
Rental car giant Hertz Global Holdings announced Monday it would pay $168 million to settle 364 claims that it erroneously filed criminal reports against
Taylor Swift fans sue Ticketmaster over pre-sale disaster
Taylor Swift fans are suing Live Nation Entertainment for a laundry list of anti-competitive practices, arguing that led to soaring ticket prices for Swift’s upcoming “The Eras Tour.” NBC News legal analyst Danny Cevallos breaks down what fans are alleging and whether they have a legitimate case against the ticketing industry giants.
November’s strong jobs report leads to concern on Wall Street
The White House is touting some just-released positive economic news with more hires than expected but it might not be a good indicator about the fight against inflation and the Federal Reserve’s increased interest rates . NBC’s Tom Costello reports for Saturday TODAY.