Is there a pullback in consumer spending? Here’s what CEOs say

Is there a pullback in consumer spending? Here’s what CEOs say

People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023.  Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent … Read more

Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending

Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending

Rafael Henrique | Lightrocket | Getty Images Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. Roblox shares fell more than 20% in early trading Thursday. The lowered forecast marks the latest … Read more

Autonomous drone startup Zipline hits 1 million deliveries

Autonomous drone startup Zipline hits 1 million deliveries

Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it’s eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working with clients that range from more than 4,700 hospitals, including the Cleveland Clinic, to major … Read more

Amazon and other retailers hit by refund fraud costing them billions

Amazon and other retailers hit by refund fraud costing them billions

A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, police were called to an Amazon warehouse in Chattanooga, Tennessee, to investigate a reported theft.  They were met by a loss prevention employee, who directed … Read more

Why Walmart’s quick success in gen AI search should worry Google

Why Walmart’s quick success in gen AI search should worry Google

Doug McMillon, chief executive officer of Walmart Inc., left, and Satya Nadella, chief executive officer of Microsoft Corp., during the 2024 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 9, 2024.  Bloomberg | Bloomberg | Getty Images Planning purchases for a special occasion like recent Super Bowl parties or Valentine’s Day celebrations might … Read more

Red Sea battle expands with EU stepping up its efforts against Houthis

Red Sea battle expands with EU stepping up its efforts against Houthis

The battle for the freedom of navigation in the Red Sea has expanded with the entrance of a European Commission naval defense effort in the past week, and more U.S. and allied strikes against Houthi land targets over the weekend, but to date, combined military efforts have not deterred rebel attacks. On Saturday evening, United … Read more

Companies make 2024 the year of cost cuts

Companies make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker … Read more

How Walmart, Delta & Starbucks are using AI to check employee messages

How Walmart, Delta & Starbucks are using AI to check employee messages

Klaus Vedfelt | Digitalvision | Getty Images Cue the George Orwell reference. Depending on where you work, there’s a significant chance that artificial intelligence is analyzing your messages on Slack, Microsoft Teams, Zoom and other popular apps. Huge U.S. employers such as Walmart, Delta Air Lines, T-Mobile, Chevron and Starbucks, as well as European brands … Read more

Cramer’s rapid-fire look at UPS, Walmart, GM, Boeing, Novo Nordisk, Tesla

Cramer’s rapid-fire look at UPS, Walmart, GM, Boeing, Novo Nordisk, Tesla

United Parcel Service — The stock continued lower Wednesday, one day after falling more than 8% on a disappointing 2024 revenue outlook and an announcement of 12,000 layoffs . Jim said, “I don’t know if [CEO] Carol Tome can keep the job.” The fact is, he added, e-commerce is very strong and “she’s not participating … Read more

How to find a hidden camera in a hotel room or house? We tested 5 ways

How to find a hidden camera in a hotel room or house? We tested 5 ways

Hidden cameras are being found in hotel rooms, house rentals, cruise ships, and even airplane bathrooms, leaving many travelers to wonder: “Could a hidden camera be watching me?” Spycams, as they’re called, are getting smaller, harder to find and easier to buy. From alarm clocks to air fresheners, water bottles and toothbrush holders, cameras come … Read more