Walmart grows more optimistic about 2024 as bargains prove a powerful lure for the inflation weary
Read full article: Walmart grows more optimistic about 2024 as bargains prove a powerful lure for the inflation wearyWalmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything else.
Walmart retools its young adult clothing line in pursuit of fashion credibility
Read full article: Walmart retools its young adult clothing line in pursuit of fashion credibilityWalmart has spent three years overhauling its mix of adult apparel to make it stylish as well as sensible for middle America.
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
Read full article: Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentifulAmericans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.
An inflation gauge tracked by the Fed slows to still-high 6%
Read full article: An inflation gauge tracked by the Fed slows to still-high 6%A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
US consumer confidence falls in November for 2nd month
Read full article: US consumer confidence falls in November for 2nd monthU.S. consumer confidence fell for the second straight month in November amid ongoing high inflation, rising interest rates, and layoff announcements by several large tech companies.
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UK top court gives Uber drivers benefits in landmark ruling
Read full article: UK top court gives Uber drivers benefits in landmark rulingThe U.K. Supreme Court ruled Friday that Uber drivers should be classed as workers and not self employed. The ruling that the drivers should be classed as “workers” and not self-employed is a big defeat for the ride-hailing giant. The seven Supreme Court judges who heard the case unanimously rejected Uber's appeal against an employment tribunal ruling that two Uber drivers were “workers" under British law. AdSan Francisco-based Uber, which has 65,000 active drivers and 5 million regular users in the U.K., had argued that Aslam and Farrar were independent contractors. AdThe British judges on Friday cited a number of factors in their decision: Uber sets fares and contract terms and penalizes drivers who reject or cancel rides.
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A look back at big hits, bad calls as MLB eyes new draft era
Read full article: A look back at big hits, bad calls as MLB eyes new draft era(AP Photo/Julio Cortez, File)NEW YORK Baseballs amateur draft is about to enter the next phase of its ongoing development same as all those young prospects picked every year. Even before the coronavirus pandemic, the 2020 version was ticketed for a move to Omaha, Nebraska, to coincide with the College World Series there. But with the top pick in the second June amateur draft in 1966, the New York Mets swung and missed. All that hype came to full fruition a decade later, when he was the World Series MVP as the Nationals won the franchises first championship last year. Prior to Appel, the only top overall picks who failed to reach the majors were Chilcott and left-hander Brien Taylor (Yankees, 1991).
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Shortened MLB amateur draft to remain at New Jersey studio
Read full article: Shortened MLB amateur draft to remain at New Jersey studioNEW YORK Major League Baseballs shortened amateur draft will remain at the MLB Network studios in Secaucus, New Jersey, for the first round on June 10. MLB shortened the selections to five rounds and 160 picks in response to the new coronavirus pandemic, by far the fewest since the draft started in 1965. The combined value of their signing bonus pools is $235,906,800 and the amount of signing bonus pool money eliminated is $29,578,100. The deadline for selected players to sign was pushed back from July 10 to Aug. 1. Signing bonus pools started in 2012 and limit the amount of money teams can spend.