Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC has learned. The move puts One in direct competition with Affirm, the …
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Business
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With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative …
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Business
Tesla’s affordability push eases growing doubts about its performance and Musk’s focus
by adminTesla’s stock jumped about 8% in after-hours trading Tuesday after the electric vehicle giant reported its steepest annual revenue drop in over a decade. Despite softer sales and a growing chorus of skeptics about CEO …
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Business
Biden administration bans noncompete agreements, setting up legal showdown with business groups
by adminThe Biden administration has issued a nationwide ban on the ability of employers to make their workers sign noncompete agreements, a move regulators said would help boost employee pay but which is set to be …
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Business
Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus
by adminFormer President Donald Trump is poised to receive an additional 36 million shares of Trump Media Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price. Trump Media, which owns the Truth Social app, was trading at around …
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Business
Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand
by adminLongtime mall retailer Express filed for Chapter 11 bankruptcy protection on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it. Express, whose portfolio includes …
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Business
Caitlin Clark’s pro salary exposes an undeniable economic reality separating the WNBA and NBA
by adminIt will take some time for the Caitlin Clark effect to be felt across the WNBA. Clark enters the league as a budding superstar who is already widely recognized as having been the biggest figure …
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Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut …
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Business
Car insurance rates are nuts right now. Here’s how to lower your bill when cash is tight.
by adminCar insurance costs are pretty brutal at the moment — they’re up more than 22% since this time last year. There’s plenty you can do to lower your bill, but some of the best advice …
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Business
Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
by adminTrump Media is making a point of telling its shareholders how to prevent their stock from being loaned to short sellers — who bet the price of the shares will drop. The short-selling-prevention tips posted Wednesday on Trump Media’s website come as …