Technologies That Can Change the World
To the average person, it may seem that the biggest technology advances of 2015 were the larger smartphone screens and small app updates. But a lot more happened than that. A broad range of technologies reached a tipping point, from cool science projects or objects of convenience for the rich, to inventions that will transform humanity. We haven’t seen anything of this magnitude since the invention of the printing press in the 1400s....
Wal-Mart Warns Wall Street That Its Profits Will Fall; Shares Plummet
Wal-Mart delivered a disappointing message to Wall Street on Wednesday: Sales will remain sluggish, and profit will be hampered next year by efforts to raise workers’ salaries and improve e-commerce capabilities. The mega-retailer’s stock plunged 10 percent on the news, wiping out about $20 billion in market value. The lackluster forecasts underscore the problems that have dogged Wal-Mart in recent years: It has scrambled to catch up...
Consumer Confidential: CVS Takes High Road in Clash With Business Group
CVS Health did something the other day that we don’t see enough in the business world. It stood up for its principles. The pharmacy giant announced it was quitting the U.S. Chamber of Commerce after reports that the influential business organization was lobbying against anti-smoking laws around the world. CVS said last year that it would no longer sell tobacco products in its stores. The company declared, and I’m paraphrasing here,...
