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Walmart becomes first retailer to hit $1tn market value
Posted onWalmart 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.
Trump picks Kevin Warsh to lead the US Federal Reserve
Posted onWarsh, a 55-year-old economist, is a fellow at the right-leaning Hoover Institution and serves on the board of courier UPS. He has been an outspoken Fed critic, lambasting everything from the central bank’s heavy reliance on data to its use of assets on its balance sheet.
Worcestershire charity starts ‘new chapter’ with larger premises
Posted onA charity in Worcestershire has entered an “exciting new chapter” after opening its new, larger premises. The Droitwich Community Pantry and Fridge, which aims to tackle food waste, has moved to the Berry Hill Industrial Estate, Droitwich. His Majesty’s Lord Lieutenant of Worcestershire Beatrice Grant, MP for Droitwich and Evesham Nigel Huddleston, and the Mayor…
Donald Trump to unveil home buying plan involving retirement funds
Posted onUS President Donald Trump is set to announce a plan that would let Americans use their retirement savings for down payments on homes. National Economic Council Director Kevin Hassett, who hinted at the plan on Friday, offered few details about how withdrawals from US workplace retirement accounts – known as 401(k)s – would work. “Suppose…
