Walmart is opening five automated distribution centers as it tries to keep its grocery dominance
The facilities are part of Walmart’s broader effort to modernize its supply chain and expand capacity to keep up with customers’ online orders.
Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased last week to 7.00% from 7.03%.
These bank stocks are cheap and expected to rally
The names poised to break out with the start of second-quarter earnings season include U.S. Bancorp and First Horizon.
Number of millionaires to soar globally but plunge in the UK, research finds
The 2024 Global Wealth Report from UBS forecasts a continued increase in the number of millionaires, with the U.K. a notable outlier.
Suspected carjacker shot outside home of Supreme Court Justice Sonia Sotomayor
An officer tasked with protecting Supreme Court justices’ homes shot an alleged armed carjacker near the residence of Sonia Sotomayor, authorities said.
It suddenly looks like there are too many homes for sale. Here’s why that’s not quite right
Inventory of both new and existing homes is finally rising, but the supply of newly built homes appears to be way too high.
UiPath to lay off 10% of workforce in companywide restructuring
Software developer UiPath will cut 10% of its workforce, or about 420 jobs, as part of a broader company restructuring.
Senators seek special counsel probe of Supreme Court Justice Clarence Thomas
Justice Clarence Thomas “secretly accepted gifts and income potentially worth millions of dollars,” the Democratic senators said evidence suggested.
Watch Fed Chair Jerome Powell testify live before Senate banking panel
Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.
Go long Hilton and Walmart: HSBC’s stock strategy for playing the divided U.S. consumer
A K-shaped recovery means stocks that cater to high-end consumers, as well as those focused on value creation for lower incomes, are HSBC’s top picks.
