Wal-Mart Raises Wages, and Bitcoin Plunges on S. Korean Ban Talks

Wal-Mart announced it would raise its starting wage to $11 an hour, thanks to the newly passed tax reform. The company will also expand maternity and paternal leave benefits and give some employees a $1,000 one-time bonus. And South Korean regulators say they may ban trading in Bitcoin, sending the price of cryptocurrencies plunging. Officials raiding exchanges in the country over tax evasion. Plus we spoke to one of the original designers of the iPhone to get his thoughts on what Apple can do to stave off smartphone addiction. And Hyundai makes an investment in Singapore's Grab to get into the southeast Asian ride-hailing market

More In Business

Big Business This Week: Why Main Street Businesses Are Holding Their Breath

We looked at small-business resilience, rising wages, tariffs, immigration and why the outlook could become more difficult later this year.

What Amazon, Apple, Microsoft, Meta, and Alphabet Just Told Investors

Angelo Zino, Senior Vice President and Technology Equity Research Analyst at CFRA, breaks down Big Tech earnings, AI spending, and what's next for the Mag 7.

How Phantom Space Plans to Disrupt the Commercial Space Race

Jim Cantrell, Co-Founder and CEO of Phantom Space, explains how the company is working to make rocket launches faster, cheaper, and more scalable.

Meta and Microsoft Just Sent a Big AI Message to Investors

Big Tech is pouring billions into AI. Ray Wang, CEO of Constellation Research, explains what Meta and Microsoft's earnings reveal about those investments.

Big Business This Week: AI Chatbots Know More About You Than You Think

It’s becoming increasingly apparent that AI models from ChatGPT to the bot on the plumbing supply store’s website know an awful lot about you.

Boeing's Big Test: Earnings, Deliveries, and the Road Ahead

Morningstar equity analyst Nicolas Owens explains Boeing's latest earnings, deliveries, rising fuel costs, and what they mean for airlines and investors.

Load More