The leader of Walmart’s U.S. e-commerce business, Marc Lore, is leaving the big-box retailer, according a filing today. Marc Lore joined the company in 2016 when Walmart acquired the start-up Lore co-founded, Jet.com, for $3.3 billion.
Investment bank Goldman Sachs picked the metal and mining stocks that it predicts will benefit from a commodity “supercycle” like the one seen more than a decade ago. The last supercycle happened in the mid-2000s during the house price bubble that resulted in a credit crisis.
Shoppers didn’t go to stores last year to buy new clothes due to global pandemic. They stayed at home and ordered online for sweatpants and pajama sets. And as those new purchasing habits stick, few apparel retailers stand to gain market share, leading to continued store closures and bankruptcies.
Qatar Financial Centre is seeking to attract twenty five billion dollar of foreign direct investment inflows by next year, its CEO Yousuf Al-Jaida told CNBC in an exclusive interview on yesterday.
The president of European Central Bank Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.”
On Wednesday U.S. Treasury yields dipped, after strong demand in an auction for $38 billion of 10-year notes on Tuesday. The yield on the benchmark 10-year Treasury note fell to 1.119% at 4:40 a.m. ET, while the yield on the 30-year Treasury bond slipped to 1.857%. Yields move inversely to prices.
The U.S. government should consider regulating social media algorithms that drive “what we as consumers see and read every day,” Twilio CEO Jeff Lawson said in an interview. Twilio has been one of several large U.S. technology companies that have cracked down on removing content and applications that promote violence in the wake of the U.S. capitol riot last week.