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In a recent statement, Walmart’s CEO, Doug McMillon, mentioned that prices of groceries and other items have decreased at their stores. However, he pointed out that inflation has been more persistent in the aisles containing processed foods and dry groceries, such as carbonated soft drinks. Despite Walmart pressuring suppliers to reduce costs, some are still
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Amidst the ongoing protests on the Manhattan campus over the war in Gaza, Nemat “Minouche” Shafik, the president of Columbia University, announced her resignation on Wednesday. This decision came after facing criticism and backlash from various parties, including anti-war protesters and House Republicans in Congress. Shafik acknowledged the challenging period during her tenure, stating that
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China’s latest economic data release has revealed a mixed bag of results for July. While retail sales managed to grow more than expected by 2.7%, industrial production fell short of forecasts with a 5.1% increase. This disparity between the two key sectors of the economy indicates a divergence in consumer demand and manufacturing output, reflecting
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The Federal Trade Commission recently made a significant decision to ban marketers from using fake reviews, including those generated by artificial intelligence technology, to promote their products and services. This ruling, which was unanimously approved by all five FTC commissioners, will take effect 60 days after it is published in the Federal Register. The goal
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