Latest News, Updates & Breaking Headlines
Refunds for tariffs imposed by US President Donald Trump are set to begin rolling out to American businesses soon. This comes after the US Supreme Court ruled that certain import taxes imposed by Trump were unconstitutional. According to a report by the news agency AP, the refund system, administered by US Customs and Border Protection…
AI is impacting roles worldwide. Its growing impact is also beginning to shape leadership decisions at some of the world’s largest companies. Two major CEOs — from Coca-Cola and Walmart — have recently said that the rise of AI played a role in their decision to step down. Speaking in separate interviews with CNBC, both…
Walmart’s partnership with Sam Altman-led OpenAI to enable shopping through ChatGPT has not delivered strong results so far. According to a report by Wired, the feature that allows users to buy products directly within the chatbot, has seen lower sales compared to traditional online shopping methods. As per the report, Walmart made around 200,000 products…
Amazon recently announced that it is expanding its quick delivery offerings with new 1-hour and 3-hour options across several US cities. This new fast-delivery service comes as the company steps up its competition with its biggest rival, Walmart. Announcing the move, Amazon CEO Andy Jassy took to microblogging site X (formerly Twitter) to say the…
Walmart reached a market capitalization of over $1 trillion on Tuesday (February 3). This makes the American company the first retailer in the world to join an exclusive club of companies to reach a 13-figure valuation that mostly consists of technology companies like Google, Nvidia, Amazon, Microsoft and Meta. The company has been riding on…
MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart’s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds…
Google recently unveiled Universal Commerce Protocol (UCP), a new open standard for agentic commerce that the search giant claims works across the entire shopping journey — from discovery and buying to post-purchase support. UCP establishes a common language for agents and systems to operate together across consumer surfaces, businesses, and payment providers to enable commerce….
Google has expanded the shopping capabilities of its Gemini AI chatbot by partnering with major retailers including Walmart, Shopify and Wayfair, enabling users to browse and buy products directly within the chatbot, the company said on Sunday, AP reported.The move, announced on the opening day of the National Retail Federation’s annual convention in New York,…
Popular retail corporation Walmart is soon going to become a part of the Nasdaq-100 Index in the US, from January 20. It will replace British pharmaceutical giant AstraZeneca. This comes after a decision by Walmart in November to move its listing to Nasdaq after conducting business on the New York Stock Exchange (NYSE) for a…
As the pool of skilled tradespeople continues to shrink in the US, Walmart is moving to strengthen its in-house workforce to keep its vast operations running — from conveyor belts and refrigeration systems to electrical networks and basic infrastructure at stores and distribution centres, AP reported.The world’s largest retailer and biggest private employer has revamped…
