In a significant pivot that has sent ripples throughout corporate America, Walmart has announced the cessation of various diversity initiatives that it previously supported. With the nation’s largest workforce of approximately 1.6 million employees in the U.S., Walmart’s decision marks a notable trend among major companies reevaluating their commitment to diversity, equity, and inclusion (DEI)
Business
The fiscal third quarter of 2023 presented a complex set of challenges for Gap Inc., as hurricanes and unseasonably warm weather disrupted sales across its various brands. Despite these obstacles, the company surprised analysts with better-than-expected results, which ultimately led to an optimistic revision of its annual sales guidance for the third consecutive time this
In an exciting development for sports enthusiasts, Caitlin Clark, the prominent Iowa basketball star, has joined an ownership group vying to establish a National Women’s Soccer League (NWSL) team in Cincinnati, Ohio. This announcement, made by NWSL Commissioner Jessica Berman, positions Cincinnati as one of the final contenders for the coveted 16th franchise, alongside Cleveland
As the Thanksgiving holiday approaches, the cinematic landscape is poised for an intriguing showdown. Universal Pictures’ adaptation of “Wicked” and Paramount Pictures’ “Gladiator II” are set to dominate the box office this weekend, with predictions estimating a combined take of over $200 million. The juxtaposition of these two films—one a vibrant musical and the other
The automotive industry is witnessing a transformative shift towards electrification, and Hyundai Motor Company is fueling this revolution with the impending launch of the 2026 Ioniq 9. Positioned as the largest all-electric vehicle in Hyundai’s lineup, this three-row SUV is designed to accommodate up to seven passengers, meeting the needs of families and adventure-seekers alike
In a move that signals significant changes in the media industry, Comcast is progressing with the spinoff of its cable network channels. This decision comes at a time when traditional pay-TV models are facing unprecedented challenges, as consumers increasingly migrate towards streaming platforms. According to sources reported by CNBC, Comcast’s plan is to establish a
In the dynamic world of retail, economic policies significantly influence pricing strategies and consumer behavior. Recently, President-elect Donald Trump proposed tariffs that could alter the prices consumers face at major retailers like Walmart. John David Rainey, Walmart’s Chief Financial Officer, expressed concern about the potential necessity for price increases on certain products if these tariffs
Lowe’s, a prominent player in the home improvement retail sector, recently announced its quarterly earnings, surpassing Wall Street’s expectations in several key areas. The results were buoyed by a surge in outdoor do-it-yourself projects and increased sales from professionals within the home improvement industry. Additionally, a significant uptick in online shopping contributed positively to their
Spirit Airlines, known for its no-frills, budget-friendly travel options, has become a significant player in the airline industry in the last few decades. However, the airline has recently encountered severe turbulence, culminating in filing for Chapter 11 bankruptcy protection. This decision follows years of financial struggles, including a substantial engine recall and an unsuccessful attempt
The restaurant industry has endured a turbulent year, with many chains grappling with significant challenges that have shaken their foundations. Executives across the sector are cautiously optimistic as they look ahead to 2025, eager to leave the struggles of 2024 behind. At the Restaurant Finance and Development Conference held in Las Vegas, Kate Jaspon, CFO