Kroger & Walmart Tighten Gun Restrictions, NBC is Cutting Commercial Time
Kroger and Walmart are raising the minimum age for those buying guns to 21, following in the footsteps of Dick's Sporting Goods. Up until now, Kroger sold guns at 43 of its Fred Meyer locations in Alaska, Idaho, Oregon, and Washington. Both companies released statements saying the tightening of gun restrictions is in reaction to the Parkland school shooting that left 17 dead. Kroger and Walmart both stopped selling assault-style weapons a few years ago.
NBC Universal will cut the number of ads it airs in primetime by 20%. The media giant owns networks such as NBC, Telemundo, USA, MSNBC, E!, and others. Linda Yaccarino, chairman of advertising and client partnerships, says this is a necessary move to retain customers who are increasingly turning towards streaming platforms without commercials. The changes will go into effect by the fourth quarter.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
A rare magnum of Dom Pérignon Vintage 1961 champagne that was specially produced for the 1981 wedding of Prince Charles and Lady Diana has failed to sell during an auction. Danish auction house Bruun Rasmussen handled the bidding Thursday. The auction's house website lists the bottle as not sold. It was expected to fetch up to around $93,000. It is one of 12 bottles made to celebrate the royal wedding. Little was revealed about the seller. The auction house says the bids did not receive the desired minimum price.
