Category Archives: CNN – Business

Walmart scraps shipping minimum for subscription service in move to take on Amazon

Walmart scraps shipping minimum for subscription service in move to take on Amazon

Walmart is dropping its $35 minimum shipping threshold on online orders for its membership program Walmart+, a move that could make the offering more competitive with Amazon Prime. Walmart said Wednesday that orders for members on items such as electronics, clothing, toys and other merchandise shipped through Walmart’s fulfillment centers will no longer carry a…MORE

Sephora is opening up mini shops inside Kohl’s stores

Sephora is opening up mini shops inside Kohl’s stores

Sephora is set to open mini shops inside Kohl’s stores, with the first 200 locations debuting in fall of 2021. It’s part of an effort to reach more customers outside the mall. The partnership will replace an earlier one that Sephora struck with JCPenney that the cosmetics chain says is slated to end in the…MORE

Big Tech’s stock market reign may finally be about to end

Big Tech’s stock market reign may finally be about to end

Who says investing is hard? All you needed to do for the past few years to enjoy solid gains in the stock market was buy an S&P 500 or Nasdaq 100 index fund. That provided exposure to market darlings like the FAANG quintet of Facebook, Amazon, Apple, Netflix and Google owner Alphabet as well as…MORE

Are you worried about expiring jobless benefits? Share your story.

Are you worried about expiring jobless benefits? Share your story.

The expanded unemployment benefits that were created by the CARES Act in the spring are slated to expire at the end of this month unless Congress acts. That means millions of Americans who lost their jobs because of the pandemic could struggle to make ends meet. This may include gig workers and the self-employed, who…MORE

SoftBank bets on Europe’s hottest stock

SoftBank bets on Europe’s hottest stock

After selling nearly $100 billion in assets, SoftBank is back in buying mode. Sinch, a Swedish cloud and telecommunications company whose stock has been soaring, said Monday that SoftBank had acquired a 10% stake in the firm worth about $780 million. Shares of Sinch have skyrocketed nearly 300% this year, making it the top performer…MORE

Exxon faces $20 billion hit from ‘epic failure’ of a decade ago

Exxon faces $20 billion hit from ‘epic failure’ of a decade ago

ExxonMobil’s nightmarish 2020 just got worse. The embattled energy company announced Monday that it will dramatically mark down the value of its natural gas properties. Exxon also promised to sharply scale back its spending ambitions as it braces for a more muted oil price recovery. Exxon plans to take a non-cash charge of $17 billion…MORE

Starbucks is giving free coffee to health care workers this month

Starbucks is giving free coffee to health care workers this month

Health care workers are getting a special treat this month. Starbucks will be giving away free cups of coffee to health care workers and first responders who have been working during the Covid-19 pandemic. “It has been an extraordinarily difficult year, especially for the front-line responders who are serving our communities,” Virginia Tenpenny, Starbucks vice…MORE

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