Walmart saved millions from elder gift card scams

A gift card display stands at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Technology developed by Walmart helped the retail giant identify and freeze nearly $4 million in gift cards that had been bought by thousands of primarily elderly victims at the direction of con artists who … Read more

Hertz to buy 65,000 electric cars from Polestar

new York CNN Business — Swedish electric car maker Polestar is selling up to 65,000 electric vehicles to Hertz over the next five years, the companies announced Monday. The move follows an order Hertz placed for 100,000 electric cars made by Tesla in October 2021. Polestar CEO Thomas Ingenlath previously told Automotive News Europe that … Read more

CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention.

From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash into equity markets and steering Wall Street into places they never dreamed of, such as meme stocks. Our call of the dayfrom the founder and chief executive officer of competitive stock trading app Zingeroo, says … Read more

5 things to know before the stock market opens Monday, April 4

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady; key Treasury spreads remain inverted Traders on the floor of the NYSE, March 31, 2022. Source: NYSE US stock futures were mixed Monday, with the tech-heavy Nasdaq looking modestly higher. Twitter shares soared … Read more

Tiger Woods turns up at Augusta National in FootJoy golf shoes, not Nike

A detail of the shoes of Tiger Woods of the United States as he warms up in the practice area prior to the Masters at Augusta National Golf Club on April 03, 2022 in Augusta, Georgia. Gregory Shamus | Getty Images Tiger Woods didn’t wear the iconic Nike swoosh on his feet when he stepped … Read more

Jamie Dimon says inflation, Ukraine war may dramatically increase risks for US

Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlos Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest US bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter. Three forces are … Read more

Howard Schultz suspends Starbucks’ share buyback program

“Starting immediately, we are suspending our share repurchasing program,” Schultz wrote in an open letter to Starbucks employees, customers and others which was published early Monday. “This decision will allow us to invest more into our people and our stores — the only way to create long-term value for all stakeholders.” Monday marks Schultz’s first … Read more

China’s BYD ends full combustion engine cars to focus on electric, plug-in hybrids

A BYD Co. electronic vehicle (EV) is charged at an EV charging station at the company’s campus in the Pingshan district of Shenzhen, China. Brent Lewin | Bloomberg | Getty Images China’s largest electric vehicle (EV) maker BYD said that as of last month it stopped making combustion engine vehicles and now produces full electric … Read more

Russia war could further escalate auto prices and shortages

DETROIT (AP) — BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts. For more than a year, the global auto industry has struggled with a disastrous shortage of computer chips and other vital parts that has … Read more

Applebee’s franchise worker fired over leaked email

SPRINGFIELD, Mo. (AP) — Applebee’s has confirmed that an employee of a Missouri-based franchisee has been fired after sending an email speculating that high gas prices and the end of pandemic stimulus money would force employees to work longer hours for lower pay. “This is the opinion of an individual, not Applebee’s,” Kevin Carrol, Applebee’s … Read more