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Walmart becomes first retailer to hit $1tn market value
Walmart is the biggest brick-and-mortar retailer in the US and is known for its low prices. It has benefited from a trend of higher earners trading down to lower-priced items, as the jobs market cools and inflation persists. Its speedy home delivery offering has also enticed shoppers from households across income brackets.
Bank of England warns of AI bubble risk
Archie MitchellBusiness reporter PA Media The Bank of England has warned of a “sharp correction” in the value of major tech companies with growing fears of an artificial intelligence (AI) bubble. It said share prices in the UK are close to the “most stretched” they have been since the 2008 global financial crisis, while equity…
UK teenagers to trial social media bans and digital curfews
The study will recruit 4,000 students aged 12 to 15 from ten Bradford secondary schools and seek to assess the impact of having less access to social media – particularly on areas of their wellbeing such as sleep, anxiety levels, social interactions, as well as absence and bullying in schools.
