Sam’s Club just opened its first new location in 7 years. It doesn’t have any checkout lanes.
Sam’s Club CEO Chris Nicholas rolls his shopping cart though one of the companies AI-powered exit gateways. When a tornado struck the Dallas area in December 2022, injuring five people and destroying the Sam’s Club in Grapevine, the plan was to permanently close the location. The Walmart-owned warehouse club had experienced a period of pullback…
Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says
Oil prices could surge over 60% by early next year in the most bullish scenario, according to Citi. Oil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in…
The SBA can’t help business owners hit by Helene, Milton until Congress comes back post-election
Hurricane Helene caused record flooding and damage on September 28, 2024 in Asheville, North Carolina. Locally owned businesses in places like Asheville still reeling from Hurricane Helene were hit with another setback this week. The Small Business Administration said on October 15 that its disaster loan program had run out of money. While the agency…
A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments
Student-loan company MOHELA is being penalized over failure to process borrowers’ repayment applications. The Education Department notified student-loan company MOHELA on Tuesday that it would be facing penalties for failing to perform the servicing obligations required in its contract. According to a document from the Education Department reviewed by B-17, MOHELA has failed to process…
China’s retirement crisis is here, and Beijing will be forced to keep raising the retirement age, demographer says
People 60 years and older are expected to make up nearly half of China’s population by 2050, according to estimates from the United Nations. China has a retirement crisis on its hands, and the nation will probably be forced to keep raising the retirement age for workers to stave off demographic imbalances, according to a…
Russia confirms it’s going to make it more painful for companies to quit the country
Russian leader Vladimir Putin. Russia has confirmed it will make it more expensive for foreign companies to quit the country. On Thursday, Russia’s finance minister, Anton Siluanov, told reporters that the tax foreign companies must pay for selling their Russian assets would increase, Interfax reported. The tax on the value of such a deal would…
I’m a VC, and I hired my first staff after he offered to set up payroll for free. He showed me just how far people are willing to go for a VC job.
Nichole Wischoff, 34, is the founder of Wischoff Ventures, an early-stage venture capital firm. Venture capital is a hard industry to get a job in. If you don’t have rich parents or people that come from the industry to refer you, it’s very hard for you to find an in. I didn’t come from the…
Moscow will reportedly block sales of Western banks to Russian firms, leaving them with no exit
Western lenders stuck in wartime Russia will now have an even more difficult time exiting the nation. Russia’s government has signaled that it will block any efforts from Western banks to offload their local units to Russian-owned entities, according to Bloomberg, who cited people familiar with the matter. Among the biggest banks impacted are European…
Military and defense leaders explain how 5G and Open RAN are helping solve networking challenges
Rebecca Gray, SVP & GM Military, Boingo Wireless (left), and Venice Goodwine, chief information officer of the US Department of Air Force (right), speak at MWC 2024. 5G networks are opening up new possibilities for many industries, and military and defense are no exception. US military and defense leaders spoke at the mobile communications trade…
