Walmart recently announced its plans to open five automated distribution centers across the country to cater to the growing demand for fresh food distribution. These new facilities, which average at 700,000 square feet, will utilize automation to store and retrieve perishable items such as strawberries and frozen chicken nuggets. This move comes as Walmart seeks
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China’s consumer price inflation for June rose by 0.2% year-on-year, which was lower than the expected 0.4%. This indicates that consumer prices did not increase as much as anticipated. The fact that inflation fell short of expectations could be a sign of weak consumer spending or subdued economic activity in the country. On the other
Inflation may be slowing down, but the fact remains that prices continue to remain high across various sectors. While this news can be seen as positive for the expanding economy amidst a strong job market, the reality is that prices persist at elevated levels, posing affordability challenges for many Americans. According to Mark Hamrick, a
The current state of the housing market is unusual, to say the least. While there is an increase in the supply of newly built homes, there is still a shortage of existing homes for sale. This dynamic has led to a situation where home prices continue to rise, despite the usual trend of prices cooling
One popular strategy for reducing future taxes on retirement savings is through Roth individual retirement account (IRA) conversions. By transferring pretax or nondeductible IRA funds to a Roth IRA, individuals can enjoy tax-free growth on their investments. However, this strategy comes with an upfront tax hit, which can be managed using a Roth conversion ladder.
In a recent announcement, nonalcoholic brewer Athletic Brewing Company shared the news of raising an additional $50 million in equity financing. The leading force behind this round of funding was General Atlantic, a significant player in the investment world. This financial boost opens up new opportunities for Athletic Brewing Company to further expand its production
On Tuesday, BP shares took a hit as the company announced that it expects to post an impairment of up to $2 billion in the second quarter. This news has led to a 2.6% drop in the company’s shares during early market trading in London. BP cited weak refining margins and lower oil trading performance
President Joe Biden is facing speculation from Stifel, with a 40% chance that he will not seek reelection. The firm’s chief Washington policy strategist, Brian Gardner, believes that it is a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. Despite this uncertainty, Gardner also noted that
The real estate market in San Francisco has been facing significant challenges, with the vacancy rate for office space reaching a record high of 34.5% in the second quarter. This is a stark increase from previous years, showcasing the impact of both the Covid-19 pandemic and the slowdown in the tech industry. The average asking
When it comes to planning for retirement, one of the key factors to consider is the impact of taxes on your savings. Whether you are in the middle of your career or getting ready to retire, understanding where you are investing your money and how those accounts will affect your taxes in the future is