Walmart vs. Target. Jessica Kirsh & HappyCreator/Shutterstock I went grocery shopping at Walmart and Target to see how they compare. Walmart feels like it was designed for grocery shopping, with a sensible layout and huge selection. Target’s groceries feel like an afterthought, tucked in the back with far less selection than Walmart. Walmart and Target…
Sam Bankman-Fried resigned as CEO of FTX on Friday. Tom Williams/Getty Images Crypto exchange FTX is investigating abnormal transactions of customer funds after a potential hack. Analysts said hundreds of millions were withdrawn from FTX, the Financial Times reported. The trading platform filed for bankruptcy and CEO Sam Bankman-Fried resigned on Friday. Bankrupt crypto exchange…
Ann Matica/Insider The Nike Unite Harlem store opened on October 27 as part of the company’s retail expansion plan. In its 2023 Q1 earnings, Nike made $5.1 billion in revenue from direct-to-consumer sales alone. The discounted prices, limited edition shoes, and community outreach efforts made the in-person experience unforgettable. Nike just opened its newest brick-and-mortar…
President Joe Biden gives remarks on student debt relief at Delaware State University on October 21, 2022. Anna Moneymaker/Getty Images Neither party looks likely to gain a significant majority following the midterm elections. This means that Biden’s veto power will likely overrule any attempts to block student-debt relief. Ultimately, federal courts will likely have the…
Sam Bankman-Fried. Craig Barritt/Getty Images for CARE For Special Children The fall of cryptocurrency exchange FTX has drawn numerous comparisons to the collapse of Lehman Brothers. But a former Securities and Exchange Commission official likened FTX to the Theranos and Bernie Madoff debacles. “This is worse than Theranos, this is worse than Madoff,” John Reed…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. A Friendsgiving potluck can keep costs down. Thomas Barwick/Getty Images Inflation is…
Luis Alvarez/Getty Images The Atlanta Fed’s Wage Growth Tracker shows wage growth for job switchers has slowed. “At least in the short term, wage growth for job switchers is far more likely to decline than increase,” Indeed’s Nick Bunker said. However, wage growth is still stronger for job switchers than job stayers. One of the…
Warren Buffett speaks onstage during Fortune’s Most Powerful Women Summit at the Mandarin Oriental Hotel on October 13, 2015 in Washington, DC. Paul Morigi/Getty Images The Warren Buffett curse is alive and well following the collapse of Sam Bankman-Fried and his crypto exchange FTX.Fortune magazine asked if Bankman-Fried was the next Warren Buffett in an…
Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images Stocks powered higher this week after the October inflaton report but the path to year-end gains remains volatile, market analysts say. Inflation may have peaked but CPI at 7.7% is still well above the Fed’s 2% target. ‘I think that we’re…
The worker died at a Caterpillar-operated foundry (not pictured) in Mapleton, Illinois in June. Getty Images A foundry worker in Mapleton, Illinois, died in June after falling into a vat of molten iron. Federal investigators say inadequate safety protections may be to blame for the worker’s death. They proposed a fine of $145,027 for foundry…