Markets

ByteDance floats US IPO for TikTok in effort to win White House approval

One avenue ByteDance is exploring to satisfy President Trump’s concerns about TikTok is a US IPO, CNBC’s David Faber reported on Thursday, citing sources. ByteDance spinning off TikTok with a US listing could satisfy President Trump’s objection of the Beijing-based tech company retaining a majority stake in TikTok. Walmart and […]
ByteDance floats US IPO for TikTok in effort to win White House approval
Tech

The biggest question looming over TikTok’s acquisition is how the app would change under new ownership. Here’s what experts say could happen if Microsoft, Walmart, or Oracle took over.

Summary List Placement TikTok parent company ByteDance is reportedly close to announcing the buyer of its US operations. Given TikTok’s immense popularity with the younger generation, it’s clear why large companies like Microsoft, Walmart, and Oracle would be interested in acquiring its US operations. What’s less clear, however, is how […]
The biggest question looming over TikTok’s acquisition is how the app would change under new ownership. Here’s what experts say could happen if Microsoft, Walmart, or Oracle took over.
News

WALMART PLUS ARRIVES: The retail giant unveils its long-anticipated $98 annual membership offering free grocery delivery and fuel discounts as an alternative to Amazon Prime

Walmart is launching Walmart Plus, a membership program costing $US98 annually, nationwide on Tuesday. Many analysts see Walmart Plus as a direct competitor to Amazon Prime, which costs $US119 annually. The program’s biggest perks include fuel discounts of up to $US0.05 per gallon and free unlimited delivery of more than […]
WALMART PLUS ARRIVES: The retail giant unveils its long-anticipated $98 annual membership offering free grocery delivery and fuel discounts as an alternative to Amazon Prime
News

The most powerful people influencing Trump on healthcare

Hello, Welcome to Dispensed, Business Insider’s healthcare newsletter. I’m Kimberly Leonard, and I’m BI’s healthcare reporter focused on policy and politics. I’m guest hosting our newsletter today from Philadelphia. Thanks to a quick turnaround in coronavirus testing provided for free in Washington, DC, I was able to get cleared before […]
The most powerful people influencing Trump on healthcare
News

Walmart and Target are thriving during the pandemic thanks to stimulus spending — here are the top 9 items Americans purchased with their checks at the big-box retailers

Walmart and Target reported blowout sales results for the second quarter of the year, boosts that both companies largely attributed to stimulus check spending. With the Coronavirus Aid, Relief, and Economic Security Act, the federal government infused $US2.2 trillion into the national economy and distributed 160 million checks in an […]
Walmart and Target are thriving during the pandemic thanks to stimulus spending — here are the top 9 items Americans purchased with their checks at the big-box retailers
News

Walmart and Target CEOs say uncertainty looms even as sales skyrocket

Business is booming for Walmart and Target. But both retailers warned of uncertainty heading into the critical holiday shopping season. “There’s just a lot of uncertainty right now, and so much variance in how customers are feeling about their situation,” Walmart CEO Doug McMillon said Tuesday. Meanwhile Target CEO Brian […]
Walmart and Target CEOs say uncertainty looms even as sales skyrocket
Markets

S&P 500 closes at record high amid positive housing data and tech rally

The S&P 500 closed at a record high on Tuesday for the first since February amid positive housing-market data and a broad tech rally. Housing starts jumped by 22.6% in July, more than economists expected, showing continued strength in the housing-market recovery. Democrats and Republicans remain deadlocked in negotiations on […]
S&P 500 closes at record high amid positive housing data and tech rally
News

Walmart sees ‘remarkable shift’ as shopper spending per visit surges 27%

Walmart sales soared in the second quarter, with same-store sales rising 9.3% and ecommerce sales nearly doubling. Data behind the sales numbers shows customers are making far fewer trips to stores, and spending a whopping 27% more when they do shop. Overall, shopper spending fluctuated in accordance with the payout […]
Walmart sees ‘remarkable shift’ as shopper spending per visit surges 27%
Markets

US stocks edge higher as investors mull further stimulus, US-China trade talks

US stocks edged higher on Tuesday as investors looked for signs of progress on government stimulus and US-China trade talks. Democrats and Republicans remain deadlocked in negotiations on the next stimulus bill, while t he Trump administration on Monday imposed new restrictions on Huawei. Housing starts jumped 22.6% in July, […]
US stocks edge higher as investors mull further stimulus, US-China trade talks
Markets

Walmart climbs 6% after earnings crush estimates, boosted by online shopping

Walmart reported quarterly earnings on Tuesday that crushed Wall Street’s estimates, boosted by a huge surge in ecommerce. Shares of Walmart climbed as much as 6% in premarket trading Tuesday before paring those gains to trade lower. Walmart’s ecommerce sales soared 97% in the second quarter, as the coronavirus pandemic […]
Walmart climbs 6% after earnings crush estimates, boosted by online shopping
News

10 startups that could be the next healthcare M&A targets

Hello, Welcome to Dispensed, Business Insider’s weekly healthcare newsletter. I’m back and feeling recharged after a week of exploring western New York (in a pandemic-compliant way). This week in coronavirus news, Moderna made a $US1.5 billion deal with the US government for its coronavirus vaccine, a deal that has Wall […]
10 startups that could be the next healthcare M&A targets
News

Walmart’s newest Instacart partnership bolsters the retailer’s same-day delivery offerings – and takes dead aim at Amazon’s Whole Foods

Walmart and Instacart will reportedly now offer same-day delivery options across four markets in California and Oklahoma. In 2019, Walmart and Instacart expanded the retail giant’s delivery presence in Canada. Moody’s retail analyst Charlie O’Shea said in a statement that this new collaboration is Walmart’s latest “salvo in its delivery […]
Walmart’s newest Instacart partnership bolsters the retailer’s same-day delivery offerings – and takes dead aim at Amazon’s Whole Foods
News

Why the telehealth boom may be here to stay

Welcome to Dispensed Daily , your daily dose of healthcare news from Business Insider’s healthcare editor Lydia Ramsey Pflanzer and the healthcare team. Subscribe here to get this newsletter in your inbox every weekday. Hello, Today in healthcare news: Walmart’s big healthcare plans in Florida, why the telehealth boom is […]
Why the telehealth boom may be here to stay
News

A Walmart cashier, an heiress, and claims of sex discrimination: The story behind the landmark lawsuit that Netflix is turning into a show starring Amy Adams

A new Netflix series will centre on a class-action lawsuit against Walmart claiming widespread sex discrimination. The class was certified by lower courts before it reached the Supreme Court, which dismissed the case in a 5-4 decision. Netflix describes the new series, called “Kings of America,” as the story of […]
A Walmart cashier, an heiress, and claims of sex discrimination: The story behind the landmark lawsuit that Netflix is turning into a show starring Amy Adams
News

The USDA warns certain salads sold at Walmart, Kroger, and H-E-B contain onions linked to a salmonella outbreak that has sickened more than 500 people

The USDA is warning against consuming certain products containing onions that are currently subject to a recall. A salmonella outbreak believed to be linked to Thomson International’s red onions is currently under investigation. At least 516 people were reported ill as of Monday. The USDA released a list of prepackaged […]
The USDA warns certain salads sold at Walmart, Kroger, and H-E-B contain onions linked to a salmonella outbreak that has sickened more than 500 people
News

Walmart now sells the Impossible Burger, which means the plant-based ‘meat’ is now in 50 times more grocery stores than it was in March

On Thursday, Impossible Foods announced that Walmart would roll out the Impossible Burger grounds at 2,100 stores starting that day. “It’s a major milestone for Impossible Foods,” Impossible Foods’ chief financial officer, David Lee, told Business Insider in an interview. “Around nine out of consumers in retail are really close […]
Walmart now sells the Impossible Burger, which means the plant-based ‘meat’ is now in 50 times more grocery stores than it was in March
Tech

Jeff Bezos will tell Congress that Amazon’s size is a good thing, and that it faces plenty of competition from rivals like Walmart: ‘Just like the world needs small companies, it also needs large ones’

Amazon posted CEO Jeff Bezos’ prepared testimony Tuesday on its blog ahead of his appearance at the historic Congressional tech antitrust hearing on Wednesday. Bezos plans to argue that Amazon’s size benefits consumers, sellers, and the economy, and that it faces plenty of competition from rivals including Walmart, Instacart, and […]
Jeff Bezos will tell Congress that Amazon’s size is a good thing, and that it faces plenty of competition from rivals like Walmart: ‘Just like the world needs small companies, it also needs large ones’
News

Retailers like Walmart, Target, and Best Buy are opting to close their doors on Thanksgiving Day in response to the pandemic. Check out the full list.

After Walmart became the first major retailer to announce plans to close on Thanksgiving Day, other companies are starting to follow suit, citing the coronavirus outbreak as the catalyst. The closures are challenging the future of the already contentious practice of staying open on the holiday, which some retailers have […]
Retailers like Walmart, Target, and Best Buy are opting to close their doors on Thanksgiving Day in response to the pandemic. Check out the full list.
News

America’s biggest retailers are holding a design competition to kill the plastic bag once and for all — and winners can receive up to $100,000 for their solutions

Retailers, from Walmart to Walgreens, are holding a design competition with the goal of replacing an environmental scourge: the plastic bag. Over 100 billion single-use plastic bags are used in the U.S. every year, and less than 10% of those are recycled. Winners can receive up to $US100,000 for their […]
America’s biggest retailers are holding a design competition to kill the plastic bag once and for all — and winners can receive up to $100,000 for their solutions
News

Walmart will require all customers to wear masks after incidents in which one anti-mask shopper drove into police and another pulled a gun on other customers

On Wednesday, Walmart announced it would require shoppers to wear masks at stores nationwide after a spate of mask-related violent incidents at its store. The most recent incident happened on Tuesday evening, when a Louisiana customer hit a police officer with his car after telling the officer “You can’t make […]
Walmart will require all customers to wear masks after incidents in which one anti-mask shopper drove into police and another pulled a gun on other customers
News

We just got a better look at Walmart’s growing healthcare ambitions

Welcome to Dispensed Daily, your daily dose of healthcare news from Business Insider’s healthcare editor Lydia Ramsey Pflanzer. Subscribe here to get this newsletter in your inbox every weekday. Hello, We’ve made it to the start of another work week. Hope everyone’s found some time to take off this summer […]
We just got a better look at Walmart’s growing healthcare ambitions
News

Walmart’s Amazon Prime rival is reportedly set to launch this month

Walmart is reportedly set to launch Walmart+ – the company’s answer to Amazon Prime. Recode’s Jason Del Ray reported that Walmart + will go live later in July, after the coronavirus pandemic delayed its initial springtime launch. A Walmart spokesperson declined to provide further comment about Walmart+ to Business Insider. […]
Walmart’s Amazon Prime rival is reportedly set to launch this month
News

Walmart is transforming its parking lots into drive-in movie theatres

Walmart is turning 160 parking lots into drive-in movie theatres from August to October, the company said. The company is also launching Camp by Walmart, a virtual camp program hosted by celebrities including Drew Barrymore, Neil Patrick Harris, LeBron James, Idina Menzel, and Todd Oldham. Visit Business Insider’s homepage for […]
Walmart is transforming its parking lots into drive-in movie theatres
News

Bagged salads are recalled from Aldi, Walmart, and other grocers as more than 200 people get sick. Here’s why a food poisoning expert refuses to eat prepackaged produce.

At least 206 people have been sickened in a Cyclospora food poisoning outbreak linked to bagged salads. Fresh Express salads are being recalled from retailers including Walmart, Aldi, and Hy-Vee. Some experts refuse to eat bagged salads due to food poisoning risks, with attorney Bill Marler saying he avoids pre-cut […]
Bagged salads are recalled from Aldi, Walmart, and other grocers as more than 200 people get sick. Here’s why a food poisoning expert refuses to eat prepackaged produce.
Markets

The Fed bought debt in Warren Buffett’s Berkshire Hathaway, Coca-Cola, Walmart, and McDonald’s in its first spree of corporate bond-buying

The Federal Reserve spent $US428 million buying debt in individual companies in the first wave of its corporate bond-buying programme, data released Sunday showed. It bought the corporate bonds in households names such as Walmart, Coca-Cola, McDonald’s, and Warren Buffett’s Berkshire Hathaway, the data showed. The Fed spent $US5.7 million […]
The Fed bought debt in Warren Buffett’s Berkshire Hathaway, Coca-Cola, Walmart, and McDonald’s in its first spree of corporate bond-buying
News

Walmart workers get another bonus applied to their paychecks for working amid the coronavirus pandemic

Walmart’s hourly employees, managers, and drivers received their second batch of bonus payments Thursday totaling $US390 million. Employees received the payments as COVID-19 cases spike in states across the country. Walmart’s second bonus also comes as other companies roll-back coronavirus related pay bumps. Visit Business Insider’s homepage for more stories. […]
Walmart workers get another bonus applied to their paychecks for working amid the coronavirus pandemic
Markets

Shopify surges 8% after striking a partnership deal with Walmart

Shopify surged as much as 8% on Monday after Walmart announced in a blog post that the two companies are “joining forces” to help more small businesses sell products online. The partnership will open Walmart.com to Shopify sellers, allowing small businesses to reach a wider audience with their product listings […]
Shopify surges 8% after striking a partnership deal with Walmart
News

43,000 pounds of ground beef is being recalled from Walmart and other grocers because of E. coli contamination fears

About 43,000 pounds of ground beef is being recalled from Walmart and other grocers because of E. coli concerns. Affected ground-beef brands include Marketside Butcher and Thomas Farms. The US Department of Agriculture’s Food Safety and Inspection Service said it discovered the potential contamination during routine testing. Visit Business Insider’s […]
43,000 pounds of ground beef is being recalled from Walmart and other grocers because of E. coli contamination fears
News

Walmart weighs whether to reopen all Chicago-area stores damaged by looting

Walmart may not reopen all of its Chicago-area stores there were damaged by recent looting. “We are still assessing the damage,” a Walmart spokesperson told Business Insider. “No decision has been made.” Visit Business Insider’s homepage for more stories. The fate of some of Walmart’s Chicago-area stores is up in […]
Walmart weighs whether to reopen all Chicago-area stores damaged by looting
News

Walmart’s CEO reveals the 3 key phases of shoppers’ pandemic spending, from grocery stock-up trips to stimulus-induced splurges on televisions

Walmart CEO Doug McMillon described three main phases of pandemic spending: the stock-up phase, the “entertaining and education at home” phase, and the stimulus-spending phase. Shoppers stocked upon groceries and essentials in the first phase; bought puzzles, bicycles, and home office equipment in the second phase; and in the third […]
Walmart’s CEO reveals the 3 key phases of shoppers’ pandemic spending, from grocery stock-up trips to stimulus-induced splurges on televisions
News

A Family Dollar security guard was killed after he refused to let a customer into the store because they weren’t wearing a mask. Experts say acts of aggression are a terrifying trend on the rise in the retail sector.

A Family Dollar security guard was shot and killed after he stopped a customer from entering the store because her daughter wasn’t wearing a protective mask. Experts say it is an example of a disturbing trend in the US of customers becoming more aggressive to retail workers and security guards […]
A Family Dollar security guard was killed after he refused to let a customer into the store because they weren’t wearing a mask. Experts say acts of aggression are a terrifying trend on the rise in the retail sector.
News

The ad world prepares for a return to the office

Hello and welcome back to the Advertising and Media Insider, your weekly industry news fix. I’m Lucia Moses, deputy editor here. The future of work As the curve flattens, CEOs are starting to plan for a return to work. This past week we spoke to CEOs of the giant holding […]
The ad world prepares for a return to the office
News

A Walmart store in Massachusetts is closed after a social media post informed local officials of a cluster of coronavirus cases where 23 employees tested positive

A Walmart in Worcester, Massachusetts, had 23 employees test positive for the coronavirus before being close by city officials on Wednesday. A Walmart spokesperson told Business Insider that the company already planned to close the facility for cleaning and restocking on Thursday but worked with city officials to close earlier […]
A Walmart store in Massachusetts is closed after a social media post informed local officials of a cluster of coronavirus cases where 23 employees tested positive