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Walmart, the nation’s largest retailer known for affordability, announced it would be raising prices, providing the clearest signal to date of the effects of President Trump’s steep tariffs on U.S. shoppers. In an earnings call on Thursday, executives for the retail giant told industry analysts that an increase in prices would be unavoidable in the…

You’d be hard-pressed to find a more obvious example of the need for regulation and oversight in the artificial intelligence space than recent reports that Elon Musk’s AI chatbot, known as Grok, has been discussing white nationalist themes with X users. NBC News reported Thursday that some users of Musk’s social media platform noticed the…

Walmart, the world’s largest retailer, has a warning for its customers: higher prices are coming due to tariffs from the Trump administration. President Donald Trump has made tariffs a centerpiece of his second term, announcing in April that more than 100 countries will have tariffs imposed on them. In the weeks since his announcement, however,…

A United Airlines jetliner prepares to push off from a gate at Denver International Airport on May 7. Air traffic controllers in Denver experienced a communications blackout on Monday that lasted for about two minutes. David Zalubowski/AP hide caption toggle caption David Zalubowski/AP Pilots flying into Denver International Airport on Monday couldn’t communicate with air…

Investors cheered President Trump’s tariff reductions and deals with trading partners China and the UK, but Wall Street points out that the tariff rates are still relatively high. “The US effective tariff rate remains significantly higher than it was at the start of the year,” Solita Marcelli, chief investment officer Americas for UBS Global Wealth…

NJ Transit riders are facing massive service disruptions as the system barrels like a runaway train toward Thursday’s midnight deadline to avoid its first major rail strike in over 40 years. The Garden State-owned rail service has already festooned stations with screaming-red signage warning of deep service cuts starting at midnight Friday if contract negotiations…

Price increases due to tariffs are just weeks away. Despite that warning from Walmart on Thursday, shares of the retail giant and two others stand the best chance to still thrive in this environment. We own both of them: Costco and Amazon . “There are going to be [price] hikes. The question is who can…

Cryptocurrency exchange Coinbase said Thursday cyber criminals stole customer data and demanded a $20 million payment from the company to not publicly release the sensitive information. The group o… Source link

While a commerce analyst previously told CNBC that Walmart should be in a better position to deal with potential tariffs, it seems like the retail giant is beginning to feel the effects of those increased costs. Chief Financial Officer John David Rainey told CNBC that the retailer would likely start rolling out tariff-related increases at…