Wealthy customers will help Apple resist the effects of inflation

An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar Reuters: The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the US … Read more

Home robots are here, but they still can’t do much:

Amazon’s Astro home robot: Amazon: Electronics companies have for years paraded around flashy, futuristic prototypes of consumer robots. They’ve pointed to a not-too-distant future where people will have roaming robot helpers around their home that can do the dishes or even act as a personal masseuse. So far, few of those predictions have panned out, … Read more

Home robots are here, but they still can’t do much:

Amazon’s Astro home robot: Amazon: Electronics companies have for years paraded around flashy, futuristic prototypes of consumer robots. They’ve pointed to a not-too-distant future where people will have roaming robot helpers around their home that can do the dishes or even act as a personal masseuse. So far, few of those predictions have panned out, … Read more

Why Franchise Group wants to buy Kohl’s and what could happen next:

Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker |: Bloomberg |: Getty Images: A little-known conglomerate of companies including The Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the retail industry. Franchise Group, a publicly traded business with a market capitalization of about $ … Read more

Why Franchise Group wants to buy Kohl’s and what could happen next:

Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker |: Bloomberg |: Getty Images: A little-known conglomerate of companies including The Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the retail industry. Franchise Group, a publicly traded business with a market capitalization of about $ … Read more

New York crypto mining bill: Senator Anna Kelles interview:

Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun / NurPhoto via Getty Images: New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote – and sponsored – to place a two-year moratorium on certain types of new cryptocurrency mines in the state. The fate … Read more

New York crypto mining bill: Senator Anna Kelles interview:

Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun / NurPhoto via Getty Images: New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote – and sponsored – to place a two-year moratorium on certain types of new cryptocurrency mines in the state. The fate … Read more

Walmart bets its stores will give it an edge in Amazon e-commerce duel:

BENTONVILLE, Arkansas – Walmart’s cavernous stores are known for aisles of low-priced groceries, paper towels and apparel. Now, those big boxes are hubs for its e-commerce business, serving as launch pads for delivery drones, automated warehouses for online grocery orders and departure locations for direct-to-fridge drop-offs. Eventually, they will help pack and ship goods for … Read more

Walmart bets its stores will give it an edge in Amazon e-commerce duel:

BENTONVILLE, Arkansas – Walmart’s cavernous stores are known for aisles of low-priced groceries, paper towels and apparel. Now, those big boxes are hubs for its e-commerce business, serving as launch pads for delivery drones, automated warehouses for online grocery orders and departure locations for direct-to-fridge drop-offs. Eventually, they will help pack and ship goods for … Read more

US job market divide boosts some workers’ prospects, puts others on notice:

A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt |: Getty Images: Cracks are forming in the US labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more … Read more