Marketmind: Consolidation, at a dovish inflection point
By Jamie McGeever A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
2023-11-16 06:19
Hoax bomb threats target major US retailers including Walmart and Whole Foods demanding bitcoin and gift cards
Law enforcement agencies are investigating a series of hoax bomb threats that targeted major US retailers and grocery stores in an apparent extortion scheme for thousands of dollars in gift cards, bitcoin and cash, according to a report. Kroger, Meijer, Walmart and Whole Foods are among the companies that have been targeted in several states, according toThe Wall Street Journal. Callers have threatened to detonate bombs if gift cards, bitcoin or other payments are not provided, the newspaper reported. The FBI is working with state and local law enforcement to identify the threats, which have so far been unfounded, WSJ reported. It is unclear whether the calls are part of an organised effort. Callers have used block numbers to conceal their identities, according to police. One call to a Whole Foods in suburban Chicago reportedly demanded $5,000 in bitcoin and threatened to detonate a pipe bomb. Another call to a Kroger in New Mexico reportedly demanded an employee wire money and threatened that a bomb would go off if they called the police. Calls to a Meijer grocery store in Wisconsin demanded $5,000 in Apple gift cards. The threats echo similar menacing calls that have been a mainstay of local news outlets across the US in the past several years. After such threats, law enforcement agencies are typically called to the scene to evacuate the stores, causing major headaches for retailers and surrounding traffic. The latest efforts are “another evolving scam” for US retailers, according to Lisa Bruno, a senior executive vice president of retail operations at the Retail Industry Leaders Association, speaking to The Wall Street Journal. The threats also appear to be separate from those made towards retailers like Target, where stores in at least five states have faced threats over the company’s support for LGBT+ shoppers during Pride Month. Read More Pride collection backlash has derailed retailers, but LGBT designers are more empowered than ever Starbucks workers at 150 stores to strike over alleged ban on Pride decor
2023-06-26 01:46
Macy’s Falls as Markdowns to Clear Inventory Cut Into Sales
Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department
2023-08-23 00:20
Flexport to cut 20% of staff one month after CEO shakeup
Supply chain management company Flexport said it plans to lay off 20% of its workforce on Friday, just one month after a messy CEO transition that played out, in part, on social media.
2023-10-13 08:17
Nvidia CEO Jensen Huang: Boss of trillion-dollar chip firm powering the AI boom
By Yuvraj Malik, Samrhitha A and Stephen Nellis Jensen Huang, the chief of chipmaker Nvidia Corp, has joined
2023-05-31 04:53
US annual home price growth accelerates in July
By Amina Niasse NEW YORK (Reuters) -U.S. annual home price growth accelerated for a second straight month in July, signaling
2023-09-26 22:23
The Case for Investing in Emerging Markets Is Fading in August
August is turning out to be chaos for emerging markets. Bonds and stocks from developing economies are poised
2023-08-20 22:20
Britain and France look to reset ties with state visit
British head of state King Charles III's upcoming visit to France will underscore historic close relations between the two countries, London...
2023-09-06 19:15
Extreme Weather Torments Europe as Relentless Heat Marches On
Searing temperatures, forest fires and thunderstorm warnings tormented Europe on Saturday as the summer spell of extreme weather
2023-07-15 21:59
EU plans tough 'value for money' rules for investment products - draft document
By Huw Jones LONDON Banks, insurers and asset managers in the European Union would only be allowed to
2023-05-09 16:47
BOE Raises Rates to 5.25% With Warning Policy Will Remain Tight
The Bank of England raised interest rates to a new 15-year high, warning that its fight against inflation
2023-08-03 19:47
UBS says $100 million blended finance initiative receives new backers
ZURICH British and U.S. development finance organisations have agreed to be anchor investors in a new $100 million
2023-07-20 14:57
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