Walmart and Sam’s Club Slashed Prices on More Than 1,000 Summer Staples. Then Trump Took Credit

Walmart recently announced that it had cut prices on a number of summer staples in an effort to prioritize affordability.

Walmart recently announced that it had cut prices on a number of summer staples in an effort to prioritize affordability.
Wall Street loves McDonald’s. But its CEO isn’t celebrating with a Happy Meal. The chain earned $2.36 billion in the second quarter, beating Wall Street’s adjusted earnings estimate, but same-store sales in the U.S. grew only 0.8%, a steep drop from last year’s 2.5% increase, AP reports. CEO Chris Kempczinski said the company’s strategy wasn’t…
Instant payments are no longer simply a payments product. They are becoming commercial banking infrastructure. That’s the case for financial institutions and their clients who are savvy to what real-time infrastructure can offer their corporate finance function. The PYMNTS Intelligence report “The Bankers’ Playbook: The ROl Case for Instant B2B Payments,” a collaboration with The…
The central bank poured cold water on the claim that stablecoin can make cross-border remittances cheaper. A new study from Italy’s central bank challenges one of the crypto industry’s biggest selling points: that stablecoins can make cross-border remittances cheaper and faster than traditional payment networks. Banca d’Italia’s research examined remittance corridors involving Italy, Argentina, Brazil,…
Why can’t you buy Vegemite in Philadelphia — and what does that have to do with building a wildly profitable online brand? There are invisible forces shaping what you buy. Where you live. Who’s around you. What your local stores do — and don’t — carry. Most of the time, you don’t even realize a…
Trump’s optimistic framing, pointing to sub-80 dollar oil and easing consumer pain, reads as an attempt to project reassurance rather than a clear signal that risk has actually receded. The more telling variable for price is the internal Iranian power struggle rather than anything coming out of Washington. If the Pezeshkian camp gains ground and…
Happy workers stay at their jobs longer. That saves companies money, as they don’t have to worry about hiring or training new workers nearly as often. In fact, companies that offer at least some form of remote-work option have 25% less turnover, according to 2017 research from remote video-conferencing hardware maker Owl Labs. Over half…