Walmart is looking to MacBooks to drive up its share of consumer electronics spending as Amazon continues to widen its lead in the category.The mega-retailer recently announced that it is now selling the MacBook Air with the M1 chip on its website, with the product soon to come to stores, touting the $699 price point.“Our mission at Walmart is to help customers save money so they can live better — it’s not an either/or proposition,” Julie Barber, executive vice president of merchandising at Walmart U.S., sa ...

The European Commission (EC) is reportedly set to launch full-scale investigations of tech giants Apple and Google, looking into their compliance with the EU’s new Digital Markets Act (DMA).The probes are expected to be announced within days, Bloomberg reported Thursday (March 21).The investigations will primarily focus on the new fees, terms and conditions that Apple and Google have imposed on app developers, according to the report.The EU’s scrutiny is also expected to extend to Meta Platforms, the parent ...

Nike may have beaten the street with its fiscal year Q3 earnings, but it’s hardly taking a victory lap. Acknowledging that this was a “difficult time” for the brand, CEO John Donahoe told Thursday’s earnings call that some adjustments are in store, and that further distance from its direct-to-consumer initiatives may be necessary.“We need to sharpen our focus on sport, we must drive a continuous flow of new product innovation,” Donahoe said. “Our brand marketing must become bolder and more distinctive. And ...

Microsoft has announced the launch of two new devices designed exclusively for business users: the Surface Pro 10 for Business and the Surface Laptop 6 for Business.These devices are the first in the Surface lineup to be optimized for artificial intelligence (AI), featuring the new Copilot key on their keyboards for accelerated access to AI experiences, Microsoft said in a Thursday (March 21) blog post.The Surface Pro 10 for Business is a high-performance device powered by the latest Intel Core Ultra proces ...

What’s better than a delivery fleet spanning hundreds of aircraft, tens of thousands of vehicles and hundreds of service centers?It depends on who you ask, but FedEx — which boasts the operational footprint just described — seems to think it might be the creation of an end-to-end commerce platform that helps businesses optimize their supply chains, sell to customers and manage deliveries. If that sounds like a setup designed to compete with Amazon, well, that is kind of the point. This, as during Thursday’s ...

Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app. This new, unified digital platform consolidates into one mobile app what had been five different apps: Bank of America, Merrill Edge, My Merrill, Bank of America Private Bank and Benefits OnLine, the bank said in a Thursday (March 21) press release. “Our mission is to continuously innovate and evolve our digital capabilities to provide best-in-class solutions for all our ...

Walmart is reportedly making a renewed effort to entice wealthier shoppers.As Bloomberg News reported Thursday, the retail giant is renovating or building more than 800 locations across with things like improved lighting and higher-end products.Jordan Berke, a former Walmart executive and founder of Tomorrow Retail Consulting, said the company has spent years studying online shopping patterns to glean what high-income shoppers want, and this “helped it reach and get to know customers much better.”The Bloomb ...

The U.S. government has filed its long-expected antitrust case against Apple and its iPhone.The suit, filed Thursday (March 21) by the Department of Justice (DOJ) and 16 other state and district attorneys general, accused Apple of monopolizing or attempting to monopolize the market for smartphones.“Consumers should not have to pay higher prices because companies violate the antitrust laws,” Attorney General Merrick Garland said in a news release.“We allege that Apple has maintained monopoly power in the sma ...

Capital One says its planned $35.3 billion purchase of Discover will boost competition.That’s according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen the bank’s regulatory application.The filing also argues the deal won’t hinder competition in the credit card space, as the combined company will make up about 13% of credit card purchasing volume, which Capital One contends is the best measure of credit card market share, the sources told Reuters.Capital One an ...

The Justice Department’s antitrust suit against Apple could reportedly arrive as soon as Thursday (March 21).That’s according to a report by Bloomberg News, citing sources familiar with the matter. The suit would accuse the tech giant of violating antitrust laws by preventing competitors from accessing hardware and software features of the iPhone.The suit also marks another front in the Biden administration’s antitrust battle against Big Tech companies like Google — already being sued by the Justice Departm ...