Target has announced it will reduce bonuses for salaried employees due to weak consumer spending and inflationary pressures.
Bloomberg, citing sources with knowledge of the situation, said employees will receive 87% of their eligible 2024 bonuses, a sharp decline from the previous year, when workers received 100% of their bonuses, with some even seeing their payouts double.
Walmart wants shoppers to celebrate Easter, even if eggs aren’t included in this year’s basket.
The company says its holiday meal for Easter 2025 is cheaper than last year’s, adding that it has something for “everybunny.” This year, Walmart’s (WMT) nine-item meal kit will feed eight for less than $6 per person, with a complete meal priced under $40. In comparison, last year’s kit included 15 items, including eggs, and served up to 10 people, with a total cost of under $80, or less than $8 per person.
A Berkshire Hathaway (BRK.A) employee has finally won Warren Buffet’s $1 million jackpot for the company’s March Madness bracket.
The employee, who was not named, works for a Berkshire Hathaway subsidiary called FlightSafety International. The worker won the jackpot for correctly guessing 31 of the 32 first-round games.
In Starbucks (SBUX)’ most recent earnings call, CEO Brian Niccol hit on the company’s “Back to Starbucks” theme, an effort to return the chain to its roots.
President Donald Trump’s new auto tariffs will have a “significant” effect on Tesla (TSLA), CEO Elon Musk says.
“Important to note that Tesla is NOT unscathed here,” Musk said on his X on Wednesday evening. “To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial,” he added in another post.
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Lyndia Culton