Monthly Archives: July 2022

The Walton family’s fortune fell by $11.4 billion in one day after Walmart cut its earnings outlook

Jim Walton, Alice Walton and Robson Walton at a Walmart event. April Brown/AP The Walton family’s net worth fell by $11.4 billion after Walmart cut its outlook, per Bloomberg. Five members of the Walton family own just under half of Walmart. This is the second time the family’s fortune has fallen by billions in a…

McDonald’s raised the price of a cheeseburger in a key market for the 1st time in 14 years as it warned of ‘frequent price increases’

McDonald’s has raised the price of its cheeseburgers by 20% in the UK. Scott Olson/Getty Images McDonald’s has raised the price of its cheeseburgers by 20% in the UK, the first increase in 14 years. The burger giant’s CFO warned this week that it was planning “smaller, more frequent price increases.” Inflation means the cost…

‘It was devastating’: Inside the ‘bloodbath’ at 7-Eleven, where nearly 900 corporate jobs were just cut

A 7-Eleven sign on the corner of the awning above gas pumps. Getty Images 7-Eleven just laid off at least 880 corporate employees.  Insider spoke with three verified employees and contractors about the corporate “bloodbath.” These workers took us inside the mass layoffs, which some have described as “sloppy.” The night before the layoffs, hundreds…

Safety regulators are investigating a crash involving a Tesla Model 3 on Autopilot that killed a motorcyclist in Utah, reports say

Tesla Model 3. Tesla US road safety regulators are probing a Utah crash involving a Tesla on Autopilot, per Reuters.  The biker was struck from behind by a Tesla Model 3 on Sunday, the news agency reported. The crash comes shortly after the agency expanded an investigation into Tesla’s Autopilot system. US road safety regulators…

PS Plus Essential free PS5 and PS4 games for August 2022: Tony Hawk’s and more

Each month, PS5 and PS4 owners who subscribe to one of Sony’s PlayStation Plus tiers get to download and play a great selection of free games. PS Plus is PlayStation‘s online gaming service, which provides access to multiplayer gaming and other benefits, including money off many digital purchases. It is offered in a three tier system,…