Walmart announced On Friday, longtime CEO Doug McMillon will step down after leading the nation’s largest retailer for more than ten years. John Furner, the current head of Walmart US, will take over after the company ends its fiscal year on February 1.
Ferner, 51, started at Walmart as an hourly employee in 1993 and now oversees more than 4,600 stores. McMillan, 59, oversaw Walmart’s transformation from a traditional big-box chain to a retail and e-commerce powerhouse, increasing revenue and market value while increasing wages and improving profits. He will remain on the board until next spring.
The change signals a new chapter for a company that rarely changes CEOs and often promotes from within.
Even those earning six figures are feeling broke these days
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Six digits used to mean you made it. Now that means you’re barely hanging on. at least that’s what’s new harris survey Gives suggestions.
Americans earning six-figure salaries say they are in “survival mode,” living paycheck-to-paycheck. Rising housing costs, child care bills, loan payments and everyday expenses are eroding earnings that once seemed solid. In many cities, $100,000 no longer brings stability.
As a result, families are cutting back on travel, postponing major purchases and relying on savings to get through the month. Even employees with strong careers say they feel stretched thin. $100,000 looks impressive on paper, but the reality tells a different story.
eBay will work completely on AI
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eBay is “refreshing” itself with a big AI upgrade, According to CNNThe company launched five new AI-powered shopping tools this week, including a conversational chatbot and smart shipping estimates built with the help of OpenAI,
The move is part of eBay’s effort to modernize and regain control of the crowded e-commerce market. Early signs suggest investors like the direction. The stock has risen sharply in recent years and is outperforming giants like Amazon and Microsoft this year.
For eBay, the gamble is simple. These new features could help make a real comeback – or leave the platform stuck in the past.
Mortgage rates rise again as housing costs remain high
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mortgage rates go higher For the second week in a row, the average 30-year loan is now in the mid-6 percent range.
The move comes after a brief period of decline which provided some relief to buyers. Rates on 15-year mortgages dropped slightly, but not enough to ease widespread affordability concerns. Even with borrowing costs still near their lowest levels in years, many would-be homeowners remain hamstrung by high prices and limited inventory.
The latest raise adds another hurdle for first-time buyers looking to enter the market.
The pace of luxury electric cars has increased
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The sale of luxury electric vehicles has stopped. Once seen as the future of high-end driving, these premium EVs are now facing a decline in demandLong delivery waits, and growing resistance from buyers dealing with rising prices and weak incentives.
Automakers that have introduced attractive luxury EV models like the Ford F-150 Lightning are rethinking timing and strategy as fleets gather dust and incentive payments decline. The shift highlights how even affluent consumers are proving cautious in the electric-vehicle race, especially as costs rise and choices expand.
The promise of luxury EV dominance may be in jeopardy just as the market thought it had arrived.
Did AI hack Anthropic? Researchers say no.
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called anthropic Chinese state-based hackers Used its AI models to run 80-90% of cyber attacks autonomously.
but iIndependent Researcher It is said that this figure is misleading. They note that the system still requires human input at key points – planning, validation and decision making. One noted that the model often makes mistakes or exaggerates its reach. Researchers argue that this phenomenon reflects advanced automation more than actual AI independence.
The debate highlights the challenge of defining “autonomy” in cybersecurity and raises questions about how capable self-directed AI is actually.
Walmart announced On Friday, longtime CEO Doug McMillon will step down after leading the nation’s largest retailer for more than ten years. John Furner, the current head of Walmart US, will take over after the company ends its fiscal year on February 1.
Ferner, 51, started at Walmart as an hourly employee in 1993 and now oversees more than 4,600 stores. McMillan, 59, oversaw Walmart’s transformation from a traditional big-box chain to a retail and e-commerce powerhouse, increasing revenue and market value while increasing wages and improving profits. He will remain on the board until next spring.
The change signals a new chapter for a company that rarely changes CEOs and often promotes from within.
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