Walmart is reeling in higher-income customers — including some who are new to the retailer — with its online grocery business, company executives told investors Tuesday at an event in New York. As its online grocery business grows, the company is seeing pricier items like choice cuts of meat and organic fruits and vegetables in customers’ virtual baskets, said John Furner, president and chief executive officer of Walmart U.S. Walmart offers online grocery pickup at about 3,200 stores and same-da

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. More than 2,300 Oracle employees have signed a petition against a fundraiser for President Trump’s 2020 re-election campaign that’s reportedly scheduled to be held on Wednesday at a Southern California property owned by founder and chairman Larry Ellison. In the past few years, employees at Amazon, Google, Microsoft and Salesforce have spoken out agai

China may be reporting fewer new cases of coronavirus and fewer infection-related deaths, but it does not mean the country’s outbreak is slowing, immunologist Anthony Fauci told CNBC on Tuesday. There are more than 73,400 confirmed coronavirus cases globally, the vast majority of which are still in China. There are some signs that economic activities in China are resuming after extended holiday manufacturing shutdown due to the COVID-19 outbreak. General Motors, Fiat Chrysler and Toyota Motor sa

Despite a considerable bout of volatility, the market nonetheless had a solid January, rising about 1.2%. Still, the weak buyback start is cause for some concern. One positive is that February thus far has seen a much stronger appetite for share buybacks, with $34 billion announced through Feb. 14. Diver sees a chance that some companies may have been holding off in January before announcing buybacks and may start ramping them up as opportunity presents itself. In the February survey, 42% of pro

Amazon Care, the company’s virtual health clinic, is now live for its Seattle employees. The virtual medical service is available as of Tuesday to Amazon employees and their dependents working out of its corporate headquarters, the company confirmed, and the service is now live via the employee benefits portal. The app provides virtual medical consultations, as well as a way to schedule a follow-up visit from a health professional to a patient’s home or office. Any employee in a Zip code covered

Boeing has told employees that it discovered foreign-object debris in fuel tanks of “several” 737 Max planes the manufacturer has in storage, CNBC learned Tuesday. Foreign object debris “is absolutely unacceptable,” Boeing Commercial Airplanes executive Mark Jenks, a vice president and general manager of the 737 program and Renton production facility, according to the company’s website, said in a note to employees. The company plans to investigate the foreign objects in the tanks and said that t

The Vermont senator has the support of 27% of Democratic primary voters, a figure which is unchanged from January, the survey found. Below is a list of the NBC/WSJ results for support among likely Democratic primary voters, followed by the shift in support since the poll was last conducted in January. Former Vice President Joe Biden: 15%, down 11 ptsFormer New York City Mayor Michael Bloomberg: 14%, up 5 ptsSen Elizabeth Warren, D-Mass. Behind Warren and Bloomberg, former South Bend, Indiana, Ma

When it comes to members of the Trump administration, Twitter giveth and Twitter taketh away. Most of the political wags and the news media have focused on the downside of President Trump’s Twitter presence since 2015. Attorney General William Barr openly complained last week about how Trump’s tweets about ongoing investigations and prosecutions make it “impossible” to do his job. Ambassador to Germany Richard Grenell. Grenell’s personal story makes his conspicuous Twitter presence an even bigge

McNamee: It would be best for Zuckerberg to concede something to EURoger McNamee of Elevation Partners joins “Squawk Alley” to discuss the latest dispute between the European Union and Facebook.

The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector to cut capital spending by 10% to 15% in 2020. Rob Kaplan, president of the Fed district, said in an essay that the decline in oil production growth will have a substantial impact on the energy service companies. U.S. oil production is expected to grow by 700,000 barrels a day from fourth quarter 2019 to fourth quarter 2020. Kaplan also cited International Energy Agency forecasts that g

The flag of Great Britain is waving in front of the seat of the European Parliament. Two days before Britain’s withdrawal from the European Union, the European Parliament also wants to ratify the EU withdrawal agreement at a meeting in Brussels and finally seal the Brexit. Britain left the European Union last month and both sides are now talking tough ahead of the launch of negotiations of their future relationship which is due in early March. “The envisaged partnership should include an ambitio

While stores, factories and hotels shutter in China amid a coronavirus outbreak, Indian hospitality start-up Oyo is fighting to keep hotels open. Oyo operates a chain of leased and franchised hotels and offers vacation homes and living spaces using a model similar to U.S.-based Airbnb. It works with 9,000 hotels in China, making the country Oyo’s second-biggest market. However, the company recently reported that its annual losses have widened to $335 million. Oyo has also faced allegations that

Jaguar Land Rover has enough parts from China to maintain its British production for the next two weeks but not beyond that at the moment due to the impact of the coronavirus outbreak, the firm’s boss said on Tuesday. Britain’s biggest carmaker, which operates three car factories in its home market, joined major global companies such as Apple in warning of the impact of the virus on supply chains. The rapidly spreading virus has killed nearly 1,900 in China and stricken some 72,000 people, confi

And 47% of people say the 2020 presidential election has impacted their ability to get work done. About 31% of those who talk politics at work say these conversations are “stressful and/or frustrating.” For some workers, talking about politics at work can become particularly personal. Companies should be especially aware of political “conversations” that may actually veer into harassment, depending on what they involve, Kropp said. They can ban political conversations on the clock, which is clea

When planning a wedding, it’s a good idea to consider location, especially if you’re trying to stick to a budget. Wedding website The Knot recently released its annual Real Weddings Study for 2019, which included the top 10 U.S. states where it’s most expensive to host a wedding. All 50 states were ranked based on the total average wedding cost, including the ceremony, reception and engagement ring. Of the top 10 states, eight are located in the northeastern region of the U.S. That might not be

Tetra Images | Getty ImagesIf you want to get your refund as quickly as possible, you’d better hustle that tax return out the door. The IRS has received 28.6 million tax returns for the 2019 tax year as of Feb. 7, and it anticipates receiving more than 150 million returns in total. For starters, you beat the would-be scammers who want to file a phony return using your data. “It also ensures you’re not missing key tax benefits or income that can lead to an IRS letter,” he said. Identifying income

Roger Stone, a former adviser to U.S. President Donald Trump, leaves the Prettyman United States Courthouse after a hearing February 1, 2019 in Washington, DC. President Donald Trump joined calls on Tuesday for a new trial for his friend Roger Stone as a group of federal judges prepared to hold an emergency meeting on concerns of political pressure on the judiciary. The former employees criticized Barr for his decision to recommend a lower prison sentence for Stone than what the trial prosecutor

The latest numbers from the Federal Reserve show that credit card balances climbed to $930 billion in the fourth quarter of 2019 — a $46 billion increase from the previous quarter. Average credit card debt per household is now $8,701, according to the latest estimates from personal finance website WalletHub. “This goes back to his time as a senator from Delaware, because so many credit card companies are based in Delaware.” “He empathizes with the plight of people in their 20s and 30s who have s

Japan could be a key indicator when it comes to predicting a pandemic-level spread of the deadly coronavirus, former FDA commissioner Scott Gottlieb told CNBC on Tuesday. Japan appears to be “on the cusp of a large outbreak and maybe epidemic growth in Japan. The World Health Organization, which has declared the virus a global health emergency, said there’s been more than 150 coronavirus cases in about two dozen countries outside of China. French Health Minister Olivier Veran said Tuesday the co

Walmart has spent billions of dollars to build up its online business. He said a customer who shops in Walmart stores and through the company’s app or website spends two times as much as those who spend in stores only. McMillon said e-commerce sales are on track to be about $50 billion this year. Marc Lore, who leads Walmart’s e-commerce business, said the company learned more about customers’ shopping habits through Jetblack. Home decor, like apparel, is one of those higher margin categories wh