Wal-Mart Raises Wages, and Bitcoin Plunges on S. Korean Ban Talks
Wal-Mart announced it would raise its starting wage to $11 an hour, thanks to the newly passed tax reform. The company will also expand maternity and paternal leave benefits and give some employees a $1,000 one-time bonus.
And South Korean regulators say they may ban trading in Bitcoin, sending the price of cryptocurrencies plunging. Officials raiding exchanges in the country over tax evasion.
Plus we spoke to one of the original designers of the iPhone to get his thoughts on what Apple can do to stave off smartphone addiction. And Hyundai makes an investment in Singapore's Grab to get into the southeast Asian ride-hailing market
Walmart Inc. is raising the starting base pay for store managers, while redesigning its bonus plan that will put more of an emphasis on profits for these leaders.
Despite concerns about shipping delays in the Red Sea, RSM Chief Economist Joe Brusuelas says there are still reasons to be optimistic about the state of the U.S. economy.
Dan Ives, Managing Director and Senior Equity Analyst at Wedbush Securities dives deeper into a report by the International Data Corporation (IDC) that Apple has ended Samsung's 12-year reign as the world's largest smartphone seller.
Artificial intelligence is the biggest buzzword at the World Economic Forum’s annual meeting in Davos. Advances in generative AI stunned the world last year, and the elite crowd is angling to take advantage of its promise and minimize its risks.
Smartphones could get much smarter this year as the next wave of artificial intelligence seeps into the devices that accompany people almost everywhere they go.
In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
