What Walmart, Target, Home Depot and Lowe’s tell us about the economy:

What Walmart, Target, Home Depot and Lowe’s tell us about the economy:

How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its … Read more

Silicon Valley supply chain fixer Flexport tops CNBC Disruptor 50:

Silicon Valley supply chain fixer Flexport tops CNBC Disruptor 50:

After a year in which supply chain bottlenecks roiled the global economy, Flexport, which uses technology to improve supply chains, reaches the top of the CNBC Disruptor 50 list. Freight forwarding, the official name for the industry Flexport is disrupting, is the centuries-old, trillion-dollar global business of matching companies that make stuff with companies that … Read more

How Carvana went from a Wall Street top pick to meme stock trading:

How Carvana went from a Wall Street top pick to meme stock trading:

Ernie Garcia, CEO, Carvana: Scott Mlyn |: CNBC: Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more

China blockchain explainer: What is BSN?

China blockchain explainer:  What is BSN?

China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino |: Moment |: Getty Images: Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019, … Read more

How to buy stocks on the brink of a bear market:

How to buy stocks on the brink of a bear market:

It seemed like everyone was in a buying mood on Friday, except Elon Musk. The Dow Jones Industrial Average broke a six-day losing streak, the Nasdaq Composite turned in its second positive session in a row, and the S&P 500 was up over 2%, a small step back from the brink of a bear market, … Read more

Wall Street faces a litany of fears right now, including whether this is a Nasdaq Y2K plunge rerun:

Wall Street faces a litany of fears right now, including whether this is a Nasdaq Y2K plunge rerun:

Anxiety and trauma sufferers are sometimes asked to define a hierarchy of fears that trigger distress so they might be managed. An anxious Wall Street faces a litany of fears right now that have shadowed the broad market on its way to a near-20% decline into Thursday’s urgent sell-off and remain after Friday’s strong and … Read more

How Amazon, American Airlines and Subaru burn waste to make energy:

How Amazon, American Airlines and Subaru burn waste to make energy:

In northern California’s Stanislaus County, next to a landfill, there’s a company managing waste in a very different way: by burning trash instead of burying it. The energy recovery facility run by New Jersey-based Covanta harnesses steam to make enough electricity to power 18,000 homes in the area. A portion of the waste comes from … Read more

Plant-based food stocks Beyond Meat, Oatly face a reset:

Plant-based food stocks Beyond Meat, Oatly face a reset:

In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson |: Getty Images: Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than half their value this year. The stocks are both high-profile and relatively recent entrants to … Read more

Tech layoffs, hiring slowdown stand out in red-hot job market:

Tech layoffs, hiring slowdown stand out in red-hot job market:

San Francisco: Compassandcamera |: Getty Images: US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more

Tech layoffs, hiring slowdown stand out in red-hot job market:

Tech layoffs, hiring slowdown stand out in red-hot job market:

San Francisco: Compassandcamera |: Getty Images: US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more