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April 7, 2020
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Walmart employee’s family files wrongful death lawsuit

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CNBC – For more and to sign up click here Walmart logo is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Yichuan Cao | NurPhoto | Getty Images The family of a Walmart employee in Illinois who died from complications of COVID-19 filed......
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Retail is used to existential crises — but bankruptcies won’t save it now

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CNBC – For more and to sign up click here For retailers, facing an apocalypse isn’t anything new. What’s new is the fact that everyone else is too. Retail has for years faced the challenges of slowing foot traffic, changing shopping patterns and online competitors that has caused an industry upheaval......
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Walmart, Amazon turn to thermometers as detection tool

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CNBC – For more and to sign up click here Customer Deanna Arthur of Alhambra has her temperature taken by Sophia Huang, a supervisor at Sichuan Impression restaurant in Alhambra. Mel Melcon | Getty Images The nation’s largest employers are turning to thermometers as a new line of defense against......
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Walmart puts Asda stake sale on hold

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CNBC – For more and to sign up click here Shoppers gather outside an ASDA store from 5.45am on March 19, 2020 in Cardiff, United Kingdom. Matthew Horwood | Getty Images Walmart has paused efforts to sell a majority stake in U.K grocer Asda, so it can direct full attention......
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Global reported cases head toward 1 million

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CNBC – For more and to sign up click here This is a live blog. Please check back for updates. Global cases: More than 932,600 Global deaths: At least 46,809 Top 5 countries: United States (213,372), Italy (110,574), Spain (104,118), China (82,361), and Germany (77,872) The data above was compiled......
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Walmart will start taking employees’ temperatures

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CNBC – For more and to sign up click here People wait as an employee restocks a shelf with disinfectant wipes as people shop at a Walmart Supercentre amid coronavirus fears spreading in Toronto, Ontario, Canada March 13, 2020. Carlos Osorio | Reuters Walmart will start taking employees’ temperatures when......
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Spirit cancels New York flights, Spain’s death toll surge

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CNBC – For more and to sign up click here This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 800,000 Global deaths: At......
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Trump admin saved Walmart from facing criminal charges over opioid sales: Report

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CNBC – For more and to sign up click here Federal prosecutors in 2018 wanted to criminally charge Walmart over the company’s opioid sales, but top Trump administration law enforcement officials killed that effort, a bombshell report says.  In a ProPublica article published Wednesday, the investigative journalism outlet reported that prosecutors from the......
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State AGs call on Amazon and others to prevent coronavirus price gouging

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CNBC – For more and to sign up click here Amazon CEO Jeff Bezos on October 02, 2019. Elif Ozturk | Anadolu Agency | Getty Images A group of 33 attorneys general from U.S. states and territories called on Amazon, Ebay, Facebook, Walmart and Craigslist to prevent price gouging on coronavirus-related......
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Target scales back store remodels and openings amid coronavirus outbreak

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CNBC – For more and to sign up click here Target is putting some of its ambitious growth plans on hold as it focuses on the day-to-day realities of dealing with coronavirus outbreak.  The company will put on hold plans to remodel hundreds of stores, postponing openings of new stores and......
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5 things to know before the stock market opens March 20, 2020

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CNBC – For more and to sign up click here 1. Dow set for gains Friday but steep weekly losses A trader works on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. Michael Nagle | Xinhua News Agency | Getty Images......
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Walmart to pay special cash bonuses, hire 150,000 workers

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CNBC – For more and to sign up click here A customer pays for her groceries after shopping at a Walmart store ahead of the Thanksgiving holiday in Chicago. Kamil Krzaczynski | Reuters Walmart said Thursday that it would spend $365 million to pay cash bonuses to its hourly employees......
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In Iran a person dies every 10 minutes, US unemployment spikes

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CNBC – For more and to sign up click here This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 219,400 Global deaths:......
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Retail store closures in the US could explode because of coronavirus

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CNBC – For more and to sign up click here 2019 brought with it record store closures in the retail industry in the U.S. 2020 looks like it is about to be a lot worse. With a coronavirus pandemic hitting many consumers across America, spurring them to stock up at......
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These retailers are closing stores to slow coronavirus outbreak

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CNBC – For more and to sign up click here A man checks his phone in an Apple retail store in Grand Central Terminal in New York City. Drew Angerer | Getty Images Major retailers across the U.S. are shutting down their stores or reducing hours in response to the......
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Coronavirus stocks: Domino’s, Activision, Walmart, Netflix

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CNBC – For more and to sign up click here “It’s always darkest before the DAWN.” That might just be Strategic Wealth Partners chief Mark Tepper’s new mantra as he looks for stocks that could weather the market’s volatile swings amid rapidly rising fears of the coronavirus pandemic. It’s also......
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Nike is closing all of its stores in the US

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CNBC – For more and to sign up click here People walk by a Nike store in New York. Spencer Platt | Getty Images Nike is closing all of its stores in the U.S., along with other parts of the world, to try to curb the spread of the new......
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Walmart reduces hours at all US stores amid heightened demand

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CNBC – For more and to sign up click here A customer pays for her groceries after shopping at a Walmart store ahead of the Thanksgiving holiday in Chicago. Kamil Krzaczynski | Reuters Walmart is reducing hours at its U.S. stores to allow more time to replenish shelves and clean and......
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Grocers limit food purchases, urge shoppers not to hoard. Kroger is hiring

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CNBC – For more and to sign up click here As U.S. grocery stores respond try to keep shelves stocked during the coronavirus outbreak, some major chains have begun to limit purchases of food items and ramp up hiring. Texas grocery chain H-E-B is limiting purchases of at least a dozen......
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Trump asks Walmart, Target, others to help tackle the coronavirus crisis

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CNBC – For more and to sign up click here Two days after the World Health Organization declared the coronavirus a global pandemic, President Donald Trump brought in leaders of some of the country’s biggest companies to showcase a plan to tackle the outbreak. Trump spoke Friday flanked by the......

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