Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025.Ronaldo Schemidt | AFP | Getty ImagesAs tariffs spark worries of higher prices, Walmart is dangling more discounts for its own employees.The largest private U.S. employer said Wednesday that it will offer a 10% employee discount on nearly all groceries, including milk, meat and frozen food. That discount previously applied to fresh produce and most general merchandise items, such as clothing and toys, but only to other food during the holiday season.In a memo to employees obtained by CNBC, Walmart’s chief people officer, Donna Morris, said the…
Author: usaeverydaylife
Richard Kim, a former Goldman Sachs and JPMorgan Chase executive, was indicted on securities and wire fraud charges related to his alleged misappropriation of about $4 million in investor funds for his start-up online casino company, most of which he allegedly lost within a week through gambling on another site, prosecutors said Wednesday.Investors who lost money in Kim’s scheme included Galaxy Digital, where he had been a venture fund investor for six years, court filings show.The case against Kim again relates to his company Zero Edge, which the 39-year-old New York resident announced after leaving Galaxy Digital in March 2024,…
Warren Buffett’s Berkshire Hathaway has been building a secret stock position with special confidential treatment for two quarters in a row. The mystery name could be revealed Thursday when the conglomerate releases its 13F filing. Berkshire’s second-quarter earnings report showed a $2.8 billion increase in cost basis to “commercial, industrial and other” equities, after a rise in the same category in the first quarter. It’s most likely that Berkshire has been accumulating the same stock, now worth about $4.7 billion. The Omaha-based conglomerate could keep the pick under wraps for another quarter. The confidential treatment allows Berkshire to quietly build…
The so-called “big, beautiful” budget bill made headlines for, among other things, introducing a new type of investing account that parents could open on behalf of children under 18.For U.S. citizens born from 2025 through 2028, the government will seed the portfolios, which have come to be known as Trump accounts, with an initial contribution of $1,000.It’s easy to see why the accounts took the spotlight — free money is free money. But if you’re a parent looking to save money for your child’s education in particular, the bill also quietly made an investment vehicle designed for that purpose more flexible.When…
Check out the companies making the biggest moves midday: Paramount Skydance — The media giant popped more than 31%, putting it on track for its best day ever. It wasn’t clear what drove the surge. H & R Block — The tax preparation company posted fiscal fourth-quarter earnings of $2.27 per share, higher than the year-ago earnings of $1.89 per share. Revenue of $1.11 billion was 5% above the $1.06 billion it posted one year prior. However, those numbers underwhelmed investors, who sent the stock down 4%. Hillenbrand — Shares gained more than 13% after Bloomberg, citing people familiar with…
As we know, large-cap growth and technology have been breaking out from various bullish patterns over the last few months, with many now pushing to new all-time highs and extending from there. However, two key market ETFs have yet to break through their own long-term bullish patterns — ironically, they are the iShares Russell 2000 ETF (IWM) and the SPDR Dow Jones Industrial Average ETF Trust (DIA) . It’s rare to see two areas on opposite ends of the market-cap spectrum looking this similar. Typically, one area leads while the other lags, allowing for rotation between them. Here, we could…
Tom Dundon, owner of the Carolina Hurricanes, speaks to media before an NHL game against the New York Rangers at PNC Arena in Raleigh, North Carolina, on Feb. 19, 2019.Karl Deblaker | National Hockey League | Getty ImagesCarolina Hurricanes owner Tom Dundon has reached a tentative agreement to buy the Portland Trail Blazers from Paul Allen’s estate, Dundon told CNBC.Dundon declined to provide the terms of the proposed sale but said he is “very excited.” CNBC’s latest Official NBA Team Valuations listed the Trail Blazers at a value of $3.65 billion.The 53-year-old businessman is chairman of Dundon Capital Partners based…
US President Donald Trump speaks during the unveiling of the Kennedy Center Honors nominees on August 13, 2025, at the Kennedy Center in Washington, DC. Mandel Ngan | Afp | Getty ImagesPresident Donald Trump on Wednesday shrugged off a question about a new report that Russia is at least partially responsible for hacking the electronic system that manages U.S. federal court case documents.”Are you surprised?” Trump said during a press event at The Kennedy Center.”They hack in, that’s what they do,” he said about Russia.”They’re good at it, we’re good at it, we’re actually better at it.”Revelations of the breach…
new video loaded: What It Takes to Find Food in GazaBy Ashley Wu, Christina Shaman, June Kim, James Surdam and Rebecca Suner•August 13, 2025Starvation has spread in Gaza, as the prices of basic goods have skyrocketed and getting aid is difficult and often deadly. Ashley Wu, a graphics reporter for The New York Times, explains the dire choices that many Gazans face, as Israel faces growing condemnation over the crisis.Recent episodes in Behind the ReportingShow more videos from Behind the Reporting Source link
New York Attorney General Letitia James speaks outside New York Supreme Court ahead of former President Donald Trump’s civil business fraud trial on October 2, 2023 in New York.John Lamparski | AFP | Getty ImagesNew York Attorney General Letitia James sued the operator of the Zelle payments network on Wednesday for allegedly enabling fraud, months after the Consumer Financial Protection Bureau dismissed a similar lawsuit.Early Warning Services is the owner and designer of the peer-to-peer money transfer company. An investigation by the Office of the Attorney General found that the company designed Zelle “without critical safety features,” which allegedly allowed…
