Tuesday, February 21, 2023

Feb 22, 2023 - Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices

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TradeBriefs Editorial

From the Editor's Desk

Your next tech job might be freelance

A growing number of workers are going freelance, taking higher wages over benefits and job security.

Christine Ruiz left her 9-to-5 job last summer to do the same work as a contractor instead. In both places, she’s a compliance manager, the person who makes sure a company’s software doesn’t run afoul of any policies. But Ruiz wanted to pursue an advanced degree and believed that switching from regular employment to freelance would give her more flexibility. She, like many of the independent workers we spoke with, was also lucky enough to maintain health care coverage through her spouse.

Continued here


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Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices
Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices
In another sign of rising cost pressures, Home Depot said on Tuesday that it would spend an extra $1 billion this year on raising pay for its frontline workers, including lifting its starting wage to $15 an hour. The company employs 475,000 people at more than 2,300 stores in the United States, Canada and Mexico.


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Malcolm Xs family to file $100M lawsuit alleging coverup of his assassination
Malcolm Xs family to file $100M lawsuit alleging coverup of his assassination
The family of Malcolm X, the civil rights icon who was assassinated in 1965, will file a $100 million wrongful death lawsuit against federal and state government agencies for allegedly concealing e


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We gave all five goals away: Klopp furious with defending in Real Madrid rout
We gave all five goals away: Klopp furious with defending in Real Madrid rout
Jrgen Klopp admitted Liverpools interest in this seasons Champions League was effectively over after their error-strewn display was punished by ruthless Real Madrid


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Huge winter storm churns across northern U.S., threatening record snowfall
Huge winter storm churns across northern U.S., threatening record snowfall
A massive winter storm spreading across the U.S. West into the Northern Plains and Midwest on Tuesday could produce blizzards, brutal cold, and record snowfall, making road, air travel difficult.


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Petition seeks release of pregnant Florida inmate, saying fetus has received inadequate care
Petition seeks release of pregnant Florida inmate, saying fetus has received inadequate care
The Miami-Dade Corrections and Rehabilitation Dept. said it is "committed to ensuring all inmates receive professional, timely medical care and all appropriate treatment,













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Pink says her daughter Willow, 11, will work a minimum wage job on her tour
Pink said she had to teach her young daughter how to be a better negotiator after setting her up with a job on her new tour.


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CNBC Daily Open: Markets took a beating and there may be worse ahead
CNBC Daily Open: Markets took a beating  and there may be worse ahead
Stocks had their worst day in three months, with all major indexes losing at least 2%. The bottom may not be in as inflation remains stubborn.


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North Korea food crisis looms behind displays of military prowess
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The country's top officials will meet at the end of February to discuss "pressing" farming issues.


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Cellmate date: ex-Chinese con duped into splashing US$201,000 on fake girlfriend
Cellmate date: ex-Chinese con duped into splashing US$201,000 on fake girlfriend
A former Chinese convict forks out 1.38 million yuan (US$201,000) on an online girlfriend who never existed, then discovers that she was his former cellmate.


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Asda and Morrisons imposing purchase limits on some fruits and vegetables due to supply challenges
Asda and Morrisons imposing purchase limits on some fruits and vegetables due to supply challenges
The National Farmers' Union had warned Sky News of the risk of rationing as farmers struggled with high energy costs. Fruit and vegetable production was already falling, the union said.


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Jill Biden travels to Namibia and Kenya this week | CNN Politics
Jill Biden will travel to Namibia and Kenya this week, her first visit to the continent since becoming first lady as the White House looks to strengthen ties with the region.


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Sensitive US military emails spill online
Sensitive US military emails spill online
A security researcher told TechCrunch that a government server was exposing military emails to the internet because no password was set.


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Where are the tomatoes? Britain faces shortage as imports hit
Where are the tomatoes? Britain faces shortage as imports hit
Britain is facing a shortage of vegetables, particularly tomatoes, after supermarket supplies were hit by disrupted harvests in southern Europe and north Africa, prompting two major grocers to limit customer purchases.


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How Immediate Is North Koreas Nuclear Threat?
North Korea's latest missile launches are a demonstration of the country's avowed ability to use nuclear force against South Korea and the mainland U.S. What are its actual capabilities?


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Agritech startup Ninjacart onboards Vivek Venkatasen as Chief Finance Officer
Agritech startup Ninjacart onboards Vivek Venkatasen as Chief Finance Officer
Vivek Venkatasen will work alongside Ninjacarts current CFO Balasubramanian S, who will be with the agritech startup till the end of March.


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Biden gets chance to redefine World Bank role
Biden gets chance to redefine World Bank role
David Malpasss announcement that he will step down from his post opens the way for Biden to choose someone who embraces the new goal of fundamentally overhauling the banks work.


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Entrepreneur | The Evergreen Action Path to Reaching 100% Clean Energy
Entrepreneur | The Evergreen Action Path to Reaching 100% Clean Energy
Can we make the transition to a clean-powered future?


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Why You Need to Watch the Most Important Show of the Last 5 Years
Why You Need to Watch the Most Important Show of the Last 5 Years
It's brilliant, compelling and well worth your time.


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Biden just launched his 2024 re-election campaign in Kyiv
Biden just launched his 2024 re-election campaign in Kyiv
Did Volodymyr Zelensky realise he was being used as a political prop? Probably


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Why isnt Joe Biden getting credit for the economic recovery?
Why isnt Joe Biden getting credit for the economic recovery?
The job market is booming. Inflation is falling. But youd never know it by looking at President Bidens poll numbers.


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Oxford took cash from Sackler drugs firm despite link to US opioid epidemic
Oxford took cash from Sackler drugs firm despite link to US opioid epidemic
Oxford University has continued to work closely with the Sackler family, owners of the pharmaceutical company at the heart of the deadly US opioid epidemic, eve


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Russia is suspending its participation inNew START nuclear weapons treaty, Putin says
Russia is suspending its participation inNew START nuclear weapons treaty, Putin says
Russia is suspending its participation in theNew START nuclear arms reduction treaty, President Vladimir Putin said Tuesday.


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3% of people can't create a mental picture in their headsthis test will tell you if you're one of them
3% of people can't create a mental picture in their headsthis test will tell you if you're one of them
Can you visualize characters and scenery in the books that you're reading? If not, you might have aphantasia. Take this test to find out.


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You just might see more of Hong Huifang in shows in China, Hong Kong and Taiwan
You just might see more of Hong Huifang in shows in China, Hong Kong and Taiwan
Mediacorp and entertainment agency Catwalk Taiwan will now be co-managing the Ajoomma actress overseas projects.


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Australias Treasurer says $2.3tn pensions pool should fund nation-building
Australias Treasurer says $2.3tn pensions pool should fund nation-building
Jim Chalmers argues energy and social care investments would not compromise retirement savings


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Palo Alto Networks lifts earnings guidance as it pursues profitable growth
Palo Alto Networks lifts earnings guidance as it pursues profitable growth
During the quarter the company acquired startup Cider Security, which focused on software supply chain and application security for about $195 million. It\'s the latest deal in a series that have helped Palo Alto Networks keep growing its top line in the nearly five years under Arora, costing the company over $3 billion to date.


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Space station company Vast, founded by billionaire Jed McCaleb, acquires startup Launcher
Space station company Vast, founded by billionaire Jed McCaleb, acquires startup Launcher
While Launcher was developing a small rocket called Light, which the E-2 engine was in testing for, Vast announced that the company will not continue work on the rocket. And, although McCaleb acknowledged the E-2 engine is not something his company would have developed on its own, he said Launcher has made \"a ton of progress on that and it seems super valuable, so it\'s not something we wanted to shut down.\"


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"Woke, Inc." author Vivek Ramaswamy enters 2024 presidential election

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Bernie Sanders and Elizabeth Warren's bold tax hike to shore up Social Security
Bernie Sanders and Elizabeth Warren's bold tax hike to shore up Social Security
Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey & Co., and is a Chartered Financial Consultant. His latest book, \"Storm Proof Your Money\", was published by John Wiley & Co.


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Georgia grand jury recommended charging multiple people in Trump election probe for range of crimes, report says
Georgia grand jury recommended charging multiple people in Trump election probe for range of crimes, report says
But a portion of the grand jury\'s report that was made public last week noted that jurors had concluded that \"one or more witnesses\" may have lied under oath when they testified to the panel last year. The grand jury recommended that Willis pursue criminal perjury indictments in those cases.


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Wall Street has purchased hundreds of thousands single-family homes since the Great Recession. Here's what that means for rental prices
Wall Street has purchased hundreds of thousands single-family homes since the Great Recession. Here's what that means for rental prices
In the short term, however, some companies may retreat from the real estate market as correction concerns mount. \"You will see some selling by us,\" said Jon Gray, Blackstone\'s chief operating officer, in a December 2022 interview with CNBC.


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Low wages linked with elevated mortality risk for middle-age workers in the US, study finds | CNN
Low wages linked with elevated mortality risk for middle-age workers in the US, study finds | CNN
Wages are a "modifiable and an actionable risk factor for potentially improving health and, in particular, health inequalities" because Black, Hispanic and female workers are disproportionately represented in the low-wage workforce and most likely to benefit from higher wages.


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'I cannot give them a hug.' Afghan families split since the US withdrawal face the unknown as key immigration deadlines near | CNN
'I cannot give them a hug.' Afghan families split since the US withdrawal face the unknown as key immigration deadlines near | CNN
As Roman waits for the US immigration papers to process, he doesn't know if his daughter in Kabul can continue her schooling, he said, since the Taliban changes the rules frequently, sometimes between morning and night.


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Putins Move on Nuclear Treaty May Signal End to Formal Arms Control
Putins Move on Nuclear Treaty May Signal End to Formal Arms Control
Mr. Putin’s announcement, he added, was “deeply unfortunate and irresponsible.” But he suggested that the United States would not change its compliance with the treaty, no matter what Russia did.


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Israel Unlikely to Extradite Mexican Ex-Lawman Wanted in Mass Abduction, Officials Say
Israel Unlikely to Extradite Mexican Ex-Lawman Wanted in Mass Abduction, Officials Say
Israeli authorities were surprised to learn of the visit and hear Mr. Encinas question some of the accusations against Mr. Zerón, one of the officials said. In an interview last year, Mr. Encinas told The Times he was merely trying to persuade Mr. Zerón to cooperate and return to Mexico.


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Opinion | Why Medicare and Social Security Are Sustainable
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Fighting Corporate Lies
Electric vehicles are starting to look more like a lot like the rest of America’s automobiles: Big. But the bulking up of electric pickups and S.U.V.s has raised new questions over their environmental and safety impact. Here are the facts.


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Coinbase beats on revenue and earnings, but usage continues to decline
Coinbase beats on revenue and earnings, but usage continues to decline
But on a call with CNBC, Haas insisted that Coinbase\'s staking product was \"not a security.\" Haas added that staking was less than 3% of net revenue, so it was not a material source of net revenue at this time — but an \"important part of the ecosystem\" that the platform plans to grow.


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Joe Biden says Russian forces in disarray after year of war in Ukraine
Joe Biden says Russian forces in disarray after year of war in Ukraine
“This is a critical, critical, critical, critical relationship for the United States,” Biden said earlier in a meeting with his Polish counterpart, Andrzej Duda. “And we thank you for all the cooperation and help.”


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Child abuse image offences in UK have soared, NSPCC report shows
Child abuse image offences in UK have soared, NSPCC report shows
“By creating a child safety advocate that stands up for children and families, the government can ensure the online safety bill systemically prevents abuse,” Wanless added. “It would be inexcusable if in five years’ time we are still playing catch-up to pervasive abuse that has been allowed to proliferate on social media.”


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Seattle becomes first US city to ban caste-based discrimination
Seattle becomes first US city to ban caste-based discrimination
Opposition to this ordinance comes from groups such as the Hindu American Foundation and the Coalition of Hindus of North America who say it unnecessarily singles out a community already vulnerable to discrimination in the US.


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Biden and Putin both implicitly tie their futures to the outcome in Ukraine
Biden and Putin both implicitly tie their futures to the outcome in Ukraine
Even his New Start suspension is an illusion, since no suspension clause is contained in the treaty and Putin is in no position to start a nuclear arms race with the US. But it is the last piece of nuclear security architecture, and so provides some leverage over Washington and will keep the nuclear threat bubbling.


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Tracksuit raises $5M to make brand tracking more accessible
Tracksuit raises $5M to make brand tracking more accessible
All of these insights help brands ask the big question of What’s the job to be done? It’s hard to sell to someone who hasn’t heard of your brand, so maybe Tracksuit’s insights could help a brand learn that it has to increase awareness before anything else.


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Daily Crunch: Pentagon locks down unsecured email server that exposed sensitive military data
Daily Crunch: Pentagon locks down unsecured email server that exposed sensitive military data
It was “game on” for hackers today. First, some hackers allegedly stole Activision games and employee data, Lorenzo reports. The company said the breach happened in December and was confirmed by a gaming blog. Stay tuned for more on that. Also, Coinbase is claiming that the same hackers that targeted hundreds of other companies, the so-called 0ktapus hackers, stole some of its employees’ information, Carly writes.


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Soylent acquired by Starco Brands as nutrition company shifts into its 'natural next stage'
Soylent acquired by Starco Brands as nutrition company shifts into its 'natural next stage'
“It comes to a point in a company’s evolution where you cannot move to the natural next stage, which is really taking a mature-ish business to the next level of its growth without having a different skill set,” he said. “Also, you need capital to do so. By partnering up with Starco Brands, we are essentially solving those two issues. They are the right marketers and people who we can work with to accelerate growth, and they also understand how to launch innovation.”


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Ex-WeWork director raises millions for Den's tiny home plans
Ex-WeWork director raises millions for Den's tiny home plans
Still, he didn’t deny that Den may one day get more into the procurement business. Monetization options down the road, he said, can be anything from monetizing on the sale of a property, to procurement to financing and financial services around different types of insurance from homeowners to builders. “We have a lot of problems, challenges to get through before we can even scratch that itch.”


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VCs should want to hold early-stage companies more accountable
VCs should want to hold early-stage companies more accountable
Usually we — as in, those who aren’t working at, or investing in, said startups — don’t hear about these instances until it’s far too late. A startup is worth over $1 billion, and only then do we learn about the employees and stakeholders being affected by the company’s missteps or leadership shortcomings.


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TechCrunch+ roundup: Optimizing acquisition, parental leave tips, riding the downturn express
TechCrunch+ roundup: Optimizing acquisition, parental leave tips, riding the downturn express
When it comes to finding the MVP “for a pre-seed company, you don’t need perfect design and scalability; you need to build enough product and traction to get user feedback,” writes Haje Jan Kamps.


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Inside Startup Battlefield: Making the Pitch Perfect
Inside Startup Battlefield: Making the Pitch Perfect
New episodes of Inside Startup Battlefield drop every Monday. Be sure to check out all of the other podcasts in the TechCrunch Podcast Network: Found, Equity, The TechCrunch Podcast, Chain Reaction and The TechCrunch Live Podcast.


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Nestment raises $3.5M to help friends and family buy homes together
Nestment raises $3.5M to help friends and family buy homes together
Got a news tip or inside information about a topic we covered? We’d love to hear from you. You can reach me at maryann@techcrunch.com. Or you can drop us a note at tips@techcrunch.com. Happy to respect anonymity requests.


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Swaps robotic mowers score $7M in seed funding
Swaps robotic mowers score $7M in seed funding
Swap charges through a subscription-based RaaS (robots-as-a-service) model, based on a variety of factors, including frequency and terrain. Lichti says the company has already lined up $9 million in contracts for the next three years.


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Replicate wants to take the pain out of running and hosting ML models
Replicate wants to take the pain out of running and hosting ML models
“It hasn’t yet entered the enterprise’s consciousness how much generative AI is going to upend so many parts of their business: customer support, marketing, sales, content creation, and probably other things we haven’t anticipated yet,” he said. “Very soon, customer support will be mostly automated and extremely good — not the terrible chatbots of the past. Creating assets for marketing will be mostly automated. Most of the ads you see will be automatically generated and personalized. Creating assets for video games will be mostly automated. And this is with the technology we have today.”


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5 tactics for managing paid customer acquisition during a downturn
5 tactics for managing paid customer acquisition during a downturn
It’s important to recognize that paid advertising is arbitrage: You pay to acquire a customer for less than their value. While the current downturn is driving ad costs lower, presenting a near-term opportunity, this spread is shrinking over the medium term as competition increases and as the dominant platforms (Meta, Google and the like) squeeze more money out.


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5 key metrics that help edtech startups improve profitability
5 key metrics that help edtech startups improve profitability
Managers should call customers back within 5-20 minutes. Conversion rates can decline by 20% to 30% if callback times are between 30 minutes and an hour. A manager who calls back customers after an hour reduces their conversion rate by half.


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How do rich people avoid taxes? Wealthy Americans skirt $160 billion a year in tax payment
How do rich people avoid taxes? Wealthy Americans skirt $160 billion a year in tax payment
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.   


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Is there a federal inheritance tax? Here's how much inherited money is taxed state-by-state.
Is there a federal inheritance tax? Here's how much inherited money is taxed state-by-state.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.


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I'm 49 years old and have nothing saved for retirement what should I do? Don't panic. Here are 3 of the easiest ways to catch up (and fast)
I'm 49 years old and have nothing saved for retirement  what should I do? Don't panic. Here are 3 of the easiest ways to catch up (and fast)
Americans aged 45 to 54 made $892 a month from their side hustles, while those aged 55 to 65 earn around $1,061 a month on average. Popular options can include renting out a property you own or reselling items on eBay or Amazon.


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Most Americans Failed This Social Security Quiz. Can You Pass?
Most Americans Failed This Social Security Quiz. Can You Pass?
Don’t miss out on news that could impact your finances. Get news and tips to make smarter financial decisions with SmartAsset’s semi-weekly email. It’s 100% free and you can unsubscribe at any time. Sign up today.




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