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  • What Walmart’s pullback from Chicago says about Corporate America’s limits | CNN Business

    What Walmart’s pullback from Chicago says about Corporate America’s limits | CNN Business

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    New York
    CNN
     — 

    A line of Chicago mayors heavily courted Walmart over the last two decades, brushing aside community protests. And Walmart welcomed the opportunity to show cities it could be a strong corporate partner.

    But now, Walmart is pulling back from Chicago.

    The largest retailer in the country announced plans this week to close four of its eight stores in the city, citing growing financial losses. Three are in predominantly Black and low-income neighborhoods, and their closures with little warning mean residents — including elderly citizens and people without reliable transportation — will have to travel further to buy groceries and pick up their medications.

    “These stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years,” Walmart said. Despite years of different strategies, the company said, it did not see a route to profitability for these stores. Walmart, which made $20.6 billion in 2022, did not specify why losses were growing in Chicago.

    City leaders “used a lot of political capital and their trust were questioned, Now it’s kind of like, ‘I told you so,’” said Chicago Alderman-Elect Ronnie Mosley, who will represent a Chicago ward where one of the Walmarts is set to close. His predecessor, who is retiring, was a major proponent of drawing Walmart to Chicago.

    Mayors and key political leaders had pushed to draw Walmart, despite protests from small businesses, labor groups and community activists. Critics pointed to studies that suggested a Walmart presence could push out mom-and-pop stores and drive down wages, as it had in smaller towns.

    But, at the time, officials argued opening Walmarts would provide jobs, economic development and convenient places to shop for affordable groceries and pharmacy services in some of the city’s low-income communities.

    Meanwhile Walmart, which rose mainly in rural and suburban areas, also fought hard to enter Chicago. Walmart saw it as a twofold opportunity: broaden its customer base while proving to skeptical officials in other cities that it was a strong corporate partner.

    The closures are another example of the shortcomings of local governments and even national political leaders betting on leading chains to provide key public services and fill gaps.

    If government couldn’t provide for a populace in desperate need of jobs and fresh foods, the thinking went, for-profit corporations would.

    But in Chicago, that’s not what happened. A 2012 study of Walmart’s impact in Chicago found businesses closer to Walmart were significantly more likely to close than similar businesses farther away — and the number of jobs lost by nearby retail competitors essentially offset the number of jobs created at the new Walmart stores.

    This is a particular issue in predominantly minority, low-income areas that experience economic neglect, and other chains have recently shuttered stores in these areas as well.

    Walmart gave less than a week's notice it would close four stores in Chicago.

    Whole Foods closed in Chicago earlier this year, along with CVS, Aldi and Save A Lot. In 2019, Target closed two stores, angering residents. Chains like Dollar General and Family Dollar are expanding in low-income areas, but they don’t sell fresh groceries.

    Unlike local government, which is theoretically accountable to voters, companies answer only to their shareholders and don’t have an obligation to stay in communities if they aren’t making a profit.

    Whether it’s handing over responsibility for providing public bathrooms to Starbucks and McDonald’s or vaccines and basic health services to CVS and Walgreens, the public is left vulnerable when these companies’ business priorities change or they close locations.

    “We have asked business to solve problems that we don’t want government to solve anymore,” said Bryant Simon, a professor of history at Temple University who studies the role of Corporate America and government. “We’re happy to have them do it and then shocked when they act like a business again.”

    A similar strategy to rely on national chains to help remedy so-called “food deserts” was a focus on the national level during the Obama administration. It too fell short.

    Walmart, Walgreens

    (WBA)
    , SuperValu and other store executives joined Michelle Obama at the White House in 2011 to announce a pledge to open a combined 1,500 stores in communities that have limited access to nutritious food by 2016.

    But that effort stalled. The Associated Press found in 2015 that leading chains built just 250 new supermarkets in these areas.

    “The assumption there is a single player in the nation that will work in every market is proving to not be true,” said Liz Abunaw, who founded Forty Acres Fresh Market, a startup grocer, in response to the lack of fresh food options on Chicago’s West Side. “Even in Chicago, the solutions differ by neighborhood.”

    Placing a big chain in the middle of a struggling neighborhood is not an effective strategy alone, she said, and more holistic solutions are needed, including improving housing, jobs and public transportation: “It’s not one thing. All of those things go together.”

    There also can be unintended consequences to chains opening in neighborhoods. Companies sometimes open, small retailers close – and then the chain closes, leaving a bigger void in some cases than when it first came in.

    “The idea that Walmart did the city a great favor by moving in is highly debatable,” said David Merriman, a professor of public policy, management and analytics at the University of Illinois Chicago and co-author of the study of Walmart’s presence in Chicago.

    Instead of relying on large companies to strengthen local economies, some experts say, another solution could be designing policies that better support smaller, family-owned supermarkets, co-operatives, and farmers’ markets such as Yellow Banana and ChiFresh Kitchen in Chicago.

    “Their loss is one of the main reasons that communities lack grocery stores and other basic retail in the first place,” Abunaw said.

    Despite stiff resistance from unions, grassroots groups and some local leaders in Chicago, Walmart has been embraced by the city’s last three mayors as an economic development model.

    In 2006, Chicago Mayor Richard M. Daley issued a rare veto to override a City Council bill that required big-box stores such as Walmart to pay workers a $10 minimum wage. In 2013, Mayor Rahm Emanuel cut the ribbon on a new Walmart in an underserved neighborhood, saying it was “another example of a company seeing an alignment of what is good for their bottom line with what is good for our neighborhoods.”

    In 2020, Mayor Lori Lightfoot held a press conference with Walmart CEO Doug McMillon to announce the company would expand its investment in the city following local and national protests over George Floyd’s murder by police.

    But the company struggled in Chicago. Its mammoth superstores, which are designed for people to drive to and make big shopping trips, have been less suited for city residents who tend to make smaller but more frequent trips to supermarkets.

    Walmart tried opening smaller stores, known as neighborhood markets, that serve mostly groceries — but these lower profit margins than other merchandise like electronics or clothing. Walmart is closing neighborhood markets around the country, and three of the four stores closing in Chicago fall into that category.

    In Chicago, Walmart is closing in both low-income and high-income areas, a sign that it’s struggling across the city. But it’s the stores in low-income areas that will feel the loss most.

    “We are in an area where CVS and Walgreens have closed,” Alderman-Elect Mosley said. “Walmart has become the de-facto” store and the closure is “traumatizing.”

    “Walmart is leaving and they may be doing what’s best for them,” he said. “Now I have to figure out with our community what’s best for us.”

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  • Walmart’s US chief marketing officer stepping down as retailer warns of tough year | CNN Business

    Walmart’s US chief marketing officer stepping down as retailer warns of tough year | CNN Business

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    New York
    CNN
     — 

    Walmart’s chief merchandising officer for its US operations is stepping down from the job as the retailer faces a tougher year ahead, an internal memo shared to US associates Friday said.

    Charles Redfield, whose career at Walmart spanned 32 years, will transition on May 1 and remain in an advisory role. In a memo viewed by CNN Business, Walmart U.S. CEO John Furner said Redfield wants to spend more time with his family.

    Redfield held his position at the retailer for a little more than a year, beginning in January 2022.

    The leadership shakeup comes after America’s largest retailer warned it is facing a more challenging year ahead and will approach 2023 with caution.

    Despite a strong holiday season, Walmart forecast slower sales and profit growth in February. Its strong holiday sales were fueled by groceries. Grocery prices rose 11.8% annually in December, pushing customers toward more affordable options.

    However, sales were slower for traditional holiday products like toys, electronics and clothing – a sign that consumers are cutting back on discretionary spending.

    Walmart did see an 8.3% sales increase during its latest quarter ended January 31 at US stores open for at least one year. More customers are buying its private label brands and more higher-income households are shopping at its stores, the company said.

    “The consumer is still very pressured,” Walmart CFO John Rainey told CNBC. “And if you look at economic indicators, balance sheets are running thinner and savings rates are declining relative to previous periods. And so that’s why we take a pretty cautious outlook on the rest of the year.”

    The retail industry in general is expected to face challenges this year after sluggish holiday sales.

    Redfield is a Walmart veteran. He began his career as a Sam’s Club cashier while attending the University of Arkansas. He became assistant manager with Sam’s Club and worked his way up the ladder.

    “There are merchants, and then there’s our Chief Merchandising Officer Charles Redfield,” CEO John Furner said in a memo viewed by CNN Business. “I could probably stop there and many associates across our businesses and the retail industry would know exactly what I mean.”

    Redfield became CMO for Asda, Walmart’s UK subsidiary, in 2010. In 2012, he was named executive vice president of merchandising for Sam’s Club and named executive vice president of food for Walmart U.S. in 2015.

    The Wall Street Journal first reported the departure.

    Furner said the company will be announcing a new CMO soon.

    This week, Walmart said it was selling its trendy menswear brand, Bonobos, at a steep loss, to management firm WHP Global and retailer Express Inc. for $75 million. Walmart acquired the brand in 2017 for $310 million.

    In a note, Neil Saunders, managing director of consultancy GlobalData, wrote that discounted price for Bonobos “reflects the current weaker outlook across retail, but some is also the result of Walmart not having done much to develop the brand over the past six years.”

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  • Conservatives Explain Why They’re Boycotting Budweiser

    Conservatives Explain Why They’re Boycotting Budweiser

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    “I boycott any company that tramples on the rights of Americans, whether it’s Bud Light, Walmart, Ford, Tesla, Amazon, McDonald’s, Halliburton, Circle K, basically the entire hotel industry, the vast majority of hospitals, and almost everyone who produces, makes, or distributes food.”

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  • Walmart Pulls Unintentionally Offensive T-Shirt From Its Stores | Entrepreneur

    Walmart Pulls Unintentionally Offensive T-Shirt From Its Stores | Entrepreneur

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    The T-shirt was supposed to celebrate clean living. But a Walmart shopper noticed that it also contained a very dirty word.

    “I need this shirt before Walmart realizes what they have done. Find the hidden word,” Tweeted @whosurdaddienow

    Walmart found it and promptly yanked the T-shirt from its racks.

    “This was not intentional, and the T-shirt has been removed,” a spokesperson for Walmart told Newsweek.

    An image of the shirt remains on Twitter, garnering over 2.5 million views and counting.

    Related: A ‘Mirror-Like Material’ Was Found in 93,000 Pounds of Ground Beef in Texas. What You Need to Know About the Recall.

    ‘Not intentional’

    What’s the kerfuffle about? The $5 pro-environment shirt was emblazoned with an all-caps “RE” alongside the words “cycle” “use” “new,” and “think.” Upon closer inspection, however, shoppers noticed that the first letter of each word inadvertently spelled the c-word.

    This is not the first time Walmart has had to remove an offensive item from its store. Earlier this year, the retail giant pulled a pair of men’s hiking boots from its website after customers complained of a bright red “KKK” logo written on the tongue.

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    Jonathan Small

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  • J&J, C3.ai, Albemarle, Walmart, and More Stock Market Movers

    J&J, C3.ai, Albemarle, Walmart, and More Stock Market Movers

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  • AMC, Virgin Orbit, Marathon Oil, Walmart, and More Stock Market Movers

    AMC, Virgin Orbit, Marathon Oil, Walmart, and More Stock Market Movers

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    Stock futures fluctuated Tuesday following a mixed session on Wall Street that saw the


    Dow Jones Industrial Average


    and


    S&P 500


    rise after a spike in oil prices.

    These stocks were poised to make moves Tuesday:

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  • Stores-In-Stores Multiply Retail’s Appeal In The Fight For Wallet Share

    Stores-In-Stores Multiply Retail’s Appeal In The Fight For Wallet Share

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    There’s something happening at the nation’s malls, department stores and discount retailers.

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    Kristin Mueller, Contributor

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  • Transactions: Citi, Walmart launch digital lending for suppliers | Bank Automation News

    Transactions: Citi, Walmart launch digital lending for suppliers | Bank Automation News

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    Citi is partnering with retail giant Walmart to offer digital lending platform Bridge, that will connect the retailer’s 10,000 U.S.-based small business suppliers with lenders. The $1.7 trillion bank will give suppliers access to a single loan request form that will connect them with 70 lenders that could provide loans up to $10 million, a […]

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    Brian Stone

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  • Walmart spring deal: Get a four-piece outdoor patio set for $190 (it’s actually real nice)

    Walmart spring deal: Get a four-piece outdoor patio set for $190 (it’s actually real nice)

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    Save $258 on this outdoor patio set at Walmart.

    Walmart


    Looking to makeover your outdoor living space this spring? Head on over to Walmart — the Walmart website that is — because we found a really fantastic deal on a top-rated rattan patio set under $200. CBS Essentials readers are going crazy for it: It’s our best selling patio deal of 2023 by far.

    Right now you can get this 4.6-star rated patio set by Costway that includes two single chairs with cushions (23.5” x 25” x 31”), a loveseat with cushion (43.5” x 25”x 31”) and a tempered glass-top coffee table (35” x 18” x 17.5”). The washable cushions are available four colors: turquoise, red, navy and black.

    Says one Walmart reviewer: “This patio furniture looks great and is very comfortable. All the pieces and hardware were clearly marked and the assembly instructions were easy to follow. Very well satisfied.”

    Originally priced at $448, you can get this four-piece patio furniture set at Walmart for $190.

    Rattan 4-piece patio furniture set, $190 (reduced from $448)

    Looking for more deals? Here are all the best Walmart deals, rollbacks, and clearance offers available to shop this week.

    Best Walmart home deals in March 2023

    Your spring home makeover continues at Walmart with these incredible deals on bedding, vacuums, organizational shelves and more.

    The Pioneer Woman 4-piece comforter set: $69

    pioneer-woman-comforter-set.png

    Amazon


    This adorable four-piece bedroom set comes with one comforter, two shams, and one decorative pillow. The set comes in two sizes; full/queen and king.

    The Pioneer Woman 4-piece comforter set, $69


    Ktaxon 12-cube closet storage organizer 

    closet-organizer-walmart.png

    Walmart


    It’s time to reorganize your closet and change out your wardrobe for spring. This 12-cube closet organizer is a great tool for organizing all of your clothes, linens and more. The organizer is customizable to fit your storage needs.

    Ktaxon 12-cube closet storage organizer, $45 (reduced from $55)


    Shark Vertex cordless stick vacuum: $199

    shark-vertex.png

    Walmart


    Right now, you can save $150 on this Shark Vertex cordless stick vacuum. It features Shark’s DuoClean PowerFins, a deep-cleaning nozzle technology that gives you continuous contact with all surfaces to dig deeper into carpets and pick up more dirt on all floor types. It also offers a flexible wand so that you can bend the vacuum to better reach under furniture.

    “I absolutely love this vacuum. It is small and compact but it works so well. It folds and maneuvers into almost any space to clean. It can suck up wet and dry [and] works great on dog hair.” wrote one Walmart reviewer.

    Shark Vertex cordless stick vacuum, $199 (reduced from $349)


    Dyson V7 Advanced Cordless Vacuum Cleaner: $393

    dyson-v7-vacuums.jpg

    Walmart


    You can really clean up with this Walmart deal: The Dyson V7 handheld vacuum is $120 off right now. It features 40 minutes of run time, a detangling head and whole-machine filtration.

    Dyson V7 Advanced cordless vacuum cleaner, $393


    Wyze robot vacuum with room mapping: $149

    wyze-robot-vacuum-walmart-dec-2022.jpg

    Walmart


    The Wyze robot vacuum, now less than half price at Walmart, features LIDAR navigation. The sensor on top of the vacuum maps your home, so you can create no-go zones on the accompanying app and have more control over cleanings. It’s able to handle height gaps of up to 0.8 inches, so it can easily transition between carpets and hardwood floors.

    The Wyze robot vacuum has 2,100 Pa of suction and a 4.4-star rating at Walmart.

    Wyze robot vacuum, $149 (reduced from $329)


    Shark Vacmop cordless vacuum and mop: $46

    shark-vacmop.png

    Walmart


    This Shark cordless Vacmop combines powerful suction and spray mopping for an all-in-one hardwood floor cleaner. The best part? It’s only $49 right now at Walmart.

    Shark Vacmop cordless vacuum and mop, $46 (reduced from $79)


    Rattan bar cabinet with wine holder: $224

    walmart-rattan-bar-cabinet.jpg

    Walmart


    Good looking furniture at Walmart? Believe it: This 5-star rated rattan bar cabinet has a midcentury modern inspired style that classes up any living space. It holds 12 glasses of wine with plenty of interior storage for bar accessories and drinkware.

    Rattan bar cabinet with wine holder, $224 (reduced from $284)


    Workpro freestanding storage shelves: $80

    workpro-freestanding-shelves.jpg

    Walmart


    Get a start on spring cleaning with these clearance-priced storage shelves. They’re perfect for organizing a garage or basement, especially if you buy a couple. Rated 4.5 stars.

    Workpro freestanding storage shelves, $80 (reduced from $150)


    Bissell Spot Clean Pro Heat Pet portable carpet cleaner: $98

    bissell-pro-heat-pet.png

    Walmart


    This Bissell Spot Clean Pro Heat Pet portable carpet cleaner is great for spot-cleaning pet messes, pet hair, and muddy paw prints on your carpet or furniture.

    The Bissell Spot Clean Pro features a Tough Stain Tool for quick clean-ups of spills and messes. It also comes with a Hydro Rinse Self Cleaning Hose Tool that allows you to rinse the hose after you’re done cleaning. The cleaner is designed for use on carpets, upholstery, stairs, area rugs, auto interiors and more. 

    Bissell Spot Clean Pro Heat Pet portable carpet cleaner, $98 (reduced from $118)


    4moms RockaRoo baby rocker: $100

    4moms-rockaroo.png

    Walmart


    This top-rated baby rocker is on sale now for $70 off. It provides a soothing front-to-back gliding motion that babies love with 5 range of motion options to choose from. It also features a toy mobile with removable toys to keep your baby entertained and a safety strap fastener for secure rocking.

    4moms Rockaroo baby rocker, $100 (reduced from $170)


    Febfoxes baby monitor: $22

    febfoxs-baby-monitor.png

    Walmart


    These 4.6-star-rated baby monitor and indoor camera offers 1080p video quality and two-way audio. It features 360-degree tracking for a clear view of the whole room. Right now you can get this camera on sale for only $25 at Walmart.

    Febfoxs baby monitor, $22 (reduced from $70)


    Best Walmart tech deals in March 2023

    If you’re looking for a great deal on tech at Walmart, start here. The retailer is offering deep discounts on a variety of popular items, including Apple WatchesSamsung tabletsHP Chromebooks and more. 

    Apple AirPods (2nd generation): $99

    Apple AirPods (2nd Generation)

    Apple


    Just about anyone will love these budget-minded Apple AirPods. They’re not the latest model, but they’re still one of the most sought-after earbud models on the market.  

    Retailing for $159 at Apple, they’re on currently sale at Walmart for $99. These AirPods boast more than 24 hours total listening time (with the wireless charging case), a foolproof, one-tap setup for Apple device owners and a low-latency wireless connection (for full immersion when consuming movies and music). 

    Apple AirPods (2nd generation), $99 (reduced from $159)


    Apple Watch SE (1st generation): $199

    Apple Watch SE

    Amazon


    The Apple Watch SE, the most affordable model in the Apple Watch lineup, is even more affordable now with this deal at Walmart. The smartwatch offers a 40mm screen and boasts a wide range of health and fitness features. It can also be used to play music, check your tests and make calls when paired with your iPhone.

    Apple Watch SE GPS (1st generation), $199 (reduced from $279)


    Samsung Galaxy Watch 4 Classic: $169

    Samsung Galaxy Watch4 Classic

    Samsung via Amazon


    The Galaxy Watch 4 Classic comes in just two (classic) colors: black and silver. You can customize the Galaxy Watch 4 Classic with a sold-separately Samsung band of your choice. You’ll save up to $166 at Walmart now with this deal.

    Galaxy Watch 4 Classic (42mm), $169 (reduced from $350)

    Galaxy Watch 4 Classic (46mm), $295 (reduced from $460)


    Lenovo Ideapad 1i: $129

    ideapad-1i-intel-14.png

    Lenovo


    This Lenovo Ideapad 1i has a 14-inch FHD display and Intel Celeron processor. It runs n the Windows 11 operating system. This affordable laptop is a great fit for students, professionals or anyone looking for a solid laptop to surf the web or watch Netflix on.

    Lenovo Ideapad 1i, $129 (reduced from $375)


    75″ Samsung ‘The Frame’ TV: $1,949

    samsung-the-frame.jpg

    Samsung


    Walmart has the 75-inch model of Samsung’s popular ‘The Frame’ TV on sale now for $1,000 off. The Frame smart TV has a built-in motion sensor that activates your device to display your favorite pieces of art in 4K resolution whenever you enter the room. This QLED TV produces 100% color volume in the DCI-P3 color space, which is the format for most cinema screens and HDR movies for television. 

    75″ Samsung ‘The Frame’ smart TV, $1,949 (reduced from $2,999) 


    Vizio 50″ V-Series 4K Smart TV: $268

    vizio-50-inch-v-series-tv.jpg

    Walmart


    Perfect for smaller spaces, this 4.4-star-rated Vizio TV features intelligent 4K upscaling, a gaming mode and Dolby Vision Bright. This television also has Bluetooth connectivity, so you can watch a show late at night without waking anyone up.

    Vizio 50″ V-Series 4L Smart TV, $268 (reduced from $358)


    Samsung Galaxy Buds2: $109

    Samsung Galaxy Buds2

    Samsung


    Samsung’s highly coveted earbuds, the Galaxy Buds2 are on sale. Featuring active noise cancelation and ambient sound passthrough, the lightweight Galaxy Buds2 are built for people with active lifestyles. 

    Samsung Galaxy Buds2, $109 (reduced from $150)


    Samsung Chromebook 4: $143

    samsung-chromebook.png

    Walmart


    Looking for a new Chromebook for school, streaming or work? Then you won’t want to miss this unbeatable deal on the Samsung Chromebook 4 at Walmart. For a limited time, this compact and ultra-durable laptop is 55% off. 

    This slim, 11.6-inch Samsung device features 4 GB of memory, 32 GB of storage, a full-size keyboard and trackpad, and voice control with Google Assistant. 

    Samsung Chromebook 4, $143 (reduced from $300)


    Bose Sport Earbuds true wireless Bluetooth headphones: $129

    bose-sport-earbuds-walmart.jpg

    Walmart


    These 4.3-star-rated Bose earbuds are designed to stay in your ear, even while working out. These earbuds feature sweat- and water-resistance, gesture-based controls and up to 15 hours of battery life with the included charging case.

    Save $50 at Walmart now.

    Bose Sport Earbuds true wireless Bluetooth headphones, $129 (reduced from $179)


    Apple Watch Series 8 (41mm): $329

    Apple Watch Series 8 (41mm)

    Walmart


    The Apple Watch Series 8 is a durable smartwatch that is swim-proof, dust-proof and crack-resistant. It also comes with a new crash detection feature, which detects when the wearer is in a severe car crash and alerts emergency services of their location.

    The Apple Watch 8 has a number of health-tracking features, including an optical heart sensor, electrical heart sensor for ECG, blood oxygen sensor and a new body temperature sensor. You can also tap into yoga, meditation and other workout programs via Apple Fitness+. (Apple Fitness+ is a subscription service. It costs $9.99 a month; Apple Watch buyers get the first month free.) 

    Apple Watch 8 (41mm) (GPS), $329 (reduced from $399)


    Skullcandy Crusher Evo headphones: $160

    skullcandy-evo-headphones.png

    Walmart


    These Skullcandy wireless on-ear headphones have an impressive 4.6-star rating — and they’re currently on sale. They offer a frequency range of 20 Hz-20 kHz for deep lows and euphoric highs.

    One reviewer wrote, “The sound quality is amazing, these literally blew me away! What has me even more amped is how quickly they charge. These come at an unbelievable value in comparison to other higher-end brands”.

    Skullcandy Crusher Evo headphones, $160 (reduced $190)


    Lenovo Tab M8: $69

    lenovo-m8.png

    Walmart


    If you’re looking for an affordable tablet this holiday season, check out the Lenovo Tab M8. The tablet offers an eight-inch HD display that’s great for streaming videos. The battery life is fairly long, with up to 15 hours of video playback on a single charge. The tablet also comes with a built-in kids-mode with Google Kids Space, making it a great gift for children.

    Lenovo Tab M8, $69 (reduced from $119)

    Samsung 85″ Class QN85B Neo QLED 4K Smart TV: $2,269

    samsung-neo-qled-4k-qn85b.jpg

    Walmart


    Right now, Walmart has a great deal on a top-rated big-screen Samsung TV: This 4.9-star-rated model is $1,202 off right now. It features AI-based 4K upscaling, 120 Hz refresh rate (perfect for gaming), Quantum HDR 24x, Dolby Atmos and object tracking sound.

    Samsung 85″ Class QN85B Neo QLED 4K Smart TV, $2,269 (reduced from $4,000)


    Best budget Roku TV deals at Walmart

    roku-tv-onn-23-inch.jpg

    Walmart


    Looking for the perfect budget TV? Head over to Walmart — the retailer has restocked a number of its bestselling budget Roku smart TVs. No matter what size or resolution you need, there’s a deal for you.

    Here’s a list of the best Roku TV deals at Walmart. As of publication, all these deals are still available.


    PlayStation 5 God of War Ragnarok bundle: $559

    ps5-god-of-war-bundle.jpg

    Sony


    If you’re trying to get a PlayStation 5 console, head over to the Walmart website now — the console has been going in and out of stock over the past week. You can use the links below to head straight to the PS5 listings at Walmart and see if you can get lucky and find one.

    PlayStation 5 God of War Ragnarok bundle, $559

    Playstation 5 God of War Ragnarok bundle (Digital Edition), $459


    Xbox Series X: $609

    xbox-x.png

    Microsoft


    The Xbox Series X boasts 4K resolution at 120 Hz, 3D spatial sound, 1 TB of blazing fast storage (and fast load times). It’s backwards compatible with thousands of Xbox games — even your old Xbox 360 and Xbox games. 

    Xbox Series X console, $609


    27″ Asus TUF gaming monitor: $190

    asus-gaming-monitor.png

    Walmart


    The Asus TUF gaming monitor is on sale right now at Walmart for over $100 off list price. It boasts a 1080p HD display, 1-millisecond response time and a 165 Hz refresh rate. The monitor provides high-quality visuals with enhanced details in dark areas of a game.

    37″ Asus TUF gaming curved monitor, $190 (reduced from $299)


    Xbox Series S Holiday Edition console: $240

    xbox-series-s-console-holiday-edition.jpg

    Microsoft via Walmart


    You can get a the all-digital Xbox Series S Holiday Edition console for $240 at Walmart now. Tap the link below to score the deal while you can.

    Xbox Series S Holiday Edition console (512 GB), $240 (reduced from $299)


    Bomaker portable Wi-Fi projector: $69

    bomaker-portable-projector.png

    Walmart


    This Bomaker portable Wi-Fi projector is great for at-home movie nights. It provides vivid sharp projectors indoors or outdoors with a 9000:1 contrast ratio. 

    “I was so impressed the first time I powered the Bomaker up and projected to a plain white wall in my unfinished basement. I could not believe the clarity and the huge projected screen,” writes one Walmart reviewer.

    Bomaker portable Wi-Fi projector, $80 (reduced from $160)


    Best Walmart kitchen deals in March 2023

    Give your kitchen an inexpensive makeover this spring with these clearance-priced essentials and appliances. (Want even more sale-priced kitchen finds? Check out our article on the best Walmart kitchen deals.)

    The Pioneer Woman slow cooker set: $24

    the-pioneer-woman-slow-cooker-set.png

    Walmart


    Walmart is offering an unbeatable deal on The Pioneer Woman slow cooker set. At $24, this would be a great deal for one slow cooker, but this deal actually includes a set of two The Pioneer Woman slow cookers. The 1.5-quart slow cookers feature a vintage floral design and three temperature settings.

    The removable stoneware crocks and glass lids are dishwasher safe.

    “I love these little crockpots,” a reviewer says. “It is perfect to make small portioned meals and the two pack makes it easy to prepare several meals in advance.”

    The Pioneer Woman 2-piece floral slow cooker set, $24 (reduced from $30)


    20-piece The Pioneer Woman food storage set: $16

    the-pioneer-woman-food-storage.jpg

    Walmart


    Says one Walmart reviewer about this plastic food storage set by The Pioneer Woman: “I love these storage containers not only are they beautiful they are durable. I have so many containers that are flimsy and break easily, but not these. They even kept my leftovers fresh and the materials seems much stronger than other regular brands.”

    The Pioneer Woman 20-piece food storage set, $16 (reduced from $22)


    12-piece Rachael Ray cookware set: $109

    rachael-ray-12-piece-get-cooking-nonstick-pots-and-pans-set.png

    Walmart


    The 12-piece set includes a 6-quart stock pot with lid, a 3-quart saucepan with lid, a 10-inch frying pan, 8.5-inch frying pan, a 11.75-inch deep frying pan, a 9-inch x 13-inch baking sheet, a large nylon turner, a large nylon slotted spoon and a garbage bowl.

    One Walmart reviewer shared their family’s experience with the set: “I bought this set for my daughter because she moved out into her own place.She loves the quality of the pots and pans. The non stick is awesome and its a very good looking set!”

    Rachael Ray 12-piece nonstick pots and pans set, $109 (reduced from $198) 


    The Pioneer Woman 25-piece pantry essentials set: $60

    pioneer-woman-pantry-essentials.png

    Walmart


    Right now, you can give your whole pantry a new-for-2023 makeover with this 25-piece kitchen essentials set from The Pioneer Woman.

    This adorable pantry set includes a utensil crock, napkin box, silicone tool set, butter dish, measuring cups and spoons, a sugar bowl, ramekins and more.

    Says one Walmart reviewer about this 4.7-star-rated set: “I bought this set for a housewarming gift. You can’t go wrong with anything The Pioneer Woman. They absolutely loved it.”

    The Pioneer Woman 25-piece pantry essentials set, $60 (reduced from $75)


    The Home Edit pantry storage system: $20

    the-home-edit-pantry-organizer.png

    Walmart


    Spring is a great time to clean out your pantry and reorganize it. This clear modular storage system from The Home Edit includes two large bins with inserts and a three-tier riser to help you straighten up your pantry.

    The Home Edit pantry storage system, $20 (reduced from $25)


    Vitamix One blender: $130

    viamix-one.png

    Walmart


    The Vitamix One blender offers a simple, streamlined design. It’s the perfect starter blender for anyone who isn’t quite ready to splurge on a premium Vitamix quite yet. Right now, this affordable Vitamix model is even more budget-friendly, as Walmart has it on sale for $120 off.

    Vitamix One blender, $130 (reduced from $250) 


    Orfeld cold-press juicer: $65

    walmart-cold-press-juicer.jpg

    Walmart


    Up your nutrition game in 2023 with this 4.9-star-rated cold-press juicer, well under half price at Walmart now. It boasts two speeds, easy 5-second cleanup, quiet operation (65 dB) and 90% juice output.

    “Amazing product. Just amazing,” says one Walmart reviewer. “I have the other type of juice maker but this one is easy to clean and very easy to use. So easy than even a 10 year old can make juice by themselves.”

    Orfeld cold-press juicer, $65 (reduced from $200)


    Beautiful by Drew Barrymore stand mixer: $99

    beautiful-by-drew-mixer.png

    Walmart


    Drew Barrymore has an absolutely gorgeous line of kitchen appliances at Walmart, aptly named Beautiful. This 5.3-quart tilt-head stand mixer from the line is rated 4.6 stars, with reviewers praising its matte finish and how light it is compared to KitchenAid stand mixers. (It’s much cheaper than KitchenAid stand mixers, too.)

    The already-affordable mixer is on sale now for $99 at Walmart. Several color options have already sold out, so if you’re interested in the mixer, you’ll want to act fast.

    Beautiful by Drew Barrymore tiit-head stand mixer, $99 (reduced from $120)


    Beautiful by Drew Barrymore touchscreen air fryer: $69

    beautiful-by-db-air-fryer.png

    Walmart


    If you’re in need of a new air fryer for the new year, Walmart has a deal for you. This touchscreen air fryer from Drew Barrymore’s Beautiful home line is on sale now. This 6-quart air fryer lets you air fry, roast, reheat and dehydrate food with little-to-no oil needed. The removable crisping tray and pan are also dishwasher-safe for easy cleanup.

    You’ll want to hop on this deal quickly, as some of the color options have already sold out.

    Beautiful by Drew Barrymore touchscreen air fryer, $69 (reduced from $89) 


    The Pioneer Woman 12-piece ceramic cookware set: $89

    pioneer-woman-12-piece-set.png

    Walmart


    CBS Essentials readers haven’t been able to get enough of The Pioneer Woman cookware and kitchen items this holiday season. Now, Walmart has discounted this ceramic cookware set from the best-selling brand in time for the holidays. The set includes twelve items; a one-quart saucepan, a three-quart saucepan with lid, a 4.5-quart saute pan with lid, a five-quart Dutch oven with lid, 8″ and 10″ skillets, an egg pan, an acacia woodturner and an acacia wood ladle.

    The Pioneer Woman 12-piece ceramic cookware set, $89 (reduced from $99)


    Keurig K-Duo Plus coffee maker: $159

    keurig-k-duo-plus.png

    Walmart


    Looking to save money and make your coffee at home this year? Consider this versatile coffee brewer from Keurig. It allows you to brew single-serve K-cups or a traditional pot of coffee. It also includes a multi-position water resovioir that can be positioned to the left, right or back of the brewer to best fit your counter space.

    Keurig K-Duo Plus coffee maker, $159 (reduced from $200)


    The Pioneer Woman 11-piece knife block set: $49

    the-pioneer-woman-11-piece-knife-set.jpg

    Walmart


    CBS Essentials readers can’t get enough of ‘The Pioneer Woman’ kitchenware — it seems to be the perfect combination of style, performance and value. This 4.7-star-rated stainless steel knife block set includes an eight-inch chef knife, an eight-inch bread knife, a 6.5-inch Nakiri knife, five-inch utility knife, 3.5-inch paring knife, four 4.5-inch steak knives, a pair of shears and an acacia block.

    Available in four colors.

    The Pioneer Woman 11-piece knife set, $40 (reduced from $49)


    The Pioneer Woman 14-piece stainless steel knife block set: $61

    pioneer-woman-stainless-steel-knives.png

    Walmart


    If you want an upgraded knife set from The Pioneer Woman, check out this expanded stainless steel set. The knives’ blades are made from specially formulated, high-alloy steel designed for strength, durability and precision cutting. It includes includes an eight-inch chef knife, an eight-inch bread knife, a 6.5-inch Nakiri knife, five-inch utility knife, 3.5-inch paring knife, 3.5-inch bird’s beak knife, six 4.5-inch steak knives, a pair of shears and an acacia block.

    The Pioneer Woman 14-piece stainless steel knife block set, $61 (reduced from $77)


    GE opal nugget ice maker: $479 (save $100)

    ge-opal-nugget-ice-maker.png

    Walmart


    This GE nugget ice maker has been getting some buzz on TikTok, and now Walmart is offering a great deal on it. It creates refreshing and chewable nugget ice. The ice maker produces one pound of fresh ice per hour and has a large-capacity bin that holds up to 3 lbs of ice.

    GE opal nugget ice maker, $479 (reduced from $579)


    Best Walmart health and fitness deals in March 2023

    Get healthy this spring at Walmart — all sorts of great exercise equipment, apparel and more are on sale now.

    Echelon Sport exercise rower: $397

    walmart-echelon-sport-exercise-rower.jpg

    Walmart


    The Echelon sport exercise rower features 32 levels of magnetic resistance and a built-in tablet holder (up to 12.9 inches). It easily folds up when not in use for easy storage.

    The Echelon Sport exercise rower includes a 30-day free trial membership to Echelon Premiere, with more than 40 daily live and 15,000 on-demand fitness classes. (Echelon Premiere costs $34.99 per month after that; membership is not required to use the rower.)  

    Echelon Sport exercise rower, $397 (reduced from $597)


    NordicTrack C 1100i smart treadmill with 10″ touchscreen: $899

    nordictrack-c-1100i-smart-treadmill.jpg

    Walmart


    Walmart has an incredible clearance deal on this NordicTrack C 1100i smart treadmill — it’s currently less than half its original price. It boasts a top speed of 10 MPH, an incline of up to 10% and a weight limit of 300 pounds. You also get Bluetooth connectivity, a pair of speakers, a 10″ touchscreen for watching workout classes and a built-in cooling fan.

    NordicTrack X 1100i smart treadmill with touchscreen, $899 (reduced from $1,872)


    Decathlon Rockrider 21-speed mountain bike: $128

    decathlon-rockrider.png

    Walmart


    Looking to get active or spend more time outdoors in 2023? Check out this deal on the Decathlon Rockrider 21-speed mountain bike.

    This 21-speed mountain bike features a 100% aluminum frame that is lightweight, yet durable. The bike’s 80mm front suspension lets you overcome obstacles on slightly uneven trails. This bike is a great starter mountain bike, and right now it is on clearance for $220 off.

    Decathlon Rockrider 21-speed mountain bike, $128 (reduced from $348)


    Best online clearance deals at Walmart in March 2023

    Shop these major clearance deals now for even more savings this spring. Walmart has a ton of great clearance items that are up to 65% off right now.

    Gateway 14.1″ ultra slim laptop with Windows 11: $489

    gateway-laptop-walmart-clearance.jpg

    Walmart


    This lightweight Gateway laptop (3.65 pounds) features an Intel i5 core processor, 8GB of RAM, 512GB of storage and a 1920 x 1080 FHD display.

    Gateway 14.1″ ultra slim laptop with Windows 11, $489 (reduced from $600)


    Graco TrioGlow SnugLock 3-in-1 car seat: $150

    graco-car-seat-walmart-clearance.jpg

    Walmart


    Keep baby safe and secure in this 4.5-star-rated car seat by Graco, on clearance at Walmart now. It installs in less than a minute and transitions from a rear-facing harness, to a forward-facing harness, to a highback booster as your child grows up. Holds up to 100 pounds.

    Graco TrioGlow SnugLock 3-in-1 car seat, $150 (reduced from $200)


    Crocs Women’s classic platform clog: $40

    walmart-clearance-crocs-black-glitter.jpg

    Walmart


    It’s time to start thinking about your spring outfit. These 4.6-star-rated Croc platform clogs are a bestseller — and they’re now clearance priced at Walmart. Choose between five colors.

    Croc’s women’s classic platform clog, $40 (reduced from $55)


    Mainstays vinyl mesh office chair: $48

    walmart-mainstays-desk-chair-clearance.jpg

    Walmart


    This desk chair features rolling caster wheels, one-touch pneumatic height adjustment and a padded back seat. Supports up to 250 pounds.

    Mainstays vinyl mesh office chair, $48 (reduced from $56)


    Workpro freestanding storage shelves: $80

    workpro-freestanding-shelves.jpg

    Walmart


    Get a start on spring cleaning with these clearance-priced storage shelves. They’re perfect for organizing a garage or basement, especially if you buy a couple. Rated 4.5 stars.

    Workpro freestanding storage shelves, $80 (reduced from $150)


    Nestl bed sheets set (queen): $20

    nestl-microfiber-sheet-set.jpg

    Walmart


    Says one reviewer about these clearance-priced microfiber sheets: “They stay cool and soft wash after wash. They are a third of the price I have paid for other sheets that don’t have the same comfort.”

    Available in a wide range of colors and sizes.

    Nestl bed sheets set (queen), $20 (reduced from $30)


    Mainstays industrial wood and metal headboard: $31

    walmart-mainstays-headboard-clearance.jpg

    Walmart


    Upgrade your bedroom on the cheap with an inexpensive new headboard, like this clearance-priced one at Walmart for just $30. Says one Walmart reviewer about this simple, easy-to-set-up furniture piece: “The lines are clean and the color neutral, so I can use it with any color scheme and it just looks so good!”

    Mainstays industrial wood and metal headboard, $31 (reduced from $99)


    Buck Knives 110 Folding Hunter knife with commemorative coin: $40

    buck-knives-110-folding-hunter-knife.jpg

    Walmart


    This 3.75-inch stainless steel clip point blade knife is designed for hunting and outdoor use. Includes a protective leather sheath with snap fastener, commemorative collector’s tin and coin.

    Buck Knives 110 Folding Hunter, $40 (reduced from $68)


    Greenworks 40V electric snowblower: $149

    greenworks-40v-cordless-snow-blower.jpg

    Walmart


    We just spotted a brand new $30 markdown on this recharageble cordless snowblower from Greenworks. It offers 30 minutes of run time and up to a 20-foot discharge. Clears a 20-inch path. Easily folds for compact storage in the summer.

    Greenworks 40V electric snowblower, $149 (reduced from $349)


    Freestanding 40″ electric fireplace: $179

    walmart-clearance-electric-fireplace.jpg

    Walmart


    Here’s another winter clearance deal worth shopping at Walmart: This 4,600 BTU electric fireplace features adjustable LED fire effects, a remote control and timer.

    Freestanding 40″ electric fireplace, $179 (reduced from $400)


    The Pioneer Woman 4-piece comforter set: $69

    pioneer-woman-comforter-set.png

    Amazon


    This adorable four-piece bedroom set comes with one comforter, two shams, and one decorative pillow. The set comes in two sizes; full/queen and king.

    The Pioneer Woman 4-piece comforter set, $69


    Hoover Power Dash pet carpet cleaner: $62

    hoover-power-dash-wet-vacuum.jpg

    Walmart


    The Hoover Power Dash pet carpet cleaner features a dual-tank water system, fast heated drying and a removable nozzle. Includes a power spin brush roll and two cleaning solution pods to get you started.

    Hoover Power Dash pet carpet cleaner, $62 (reduced from $119)


    Shark EZ robot vacuum with self-emptying base: $223

    shark-robot-vacuum-rv912s-self-empty-base.jpg

    Shark via Walmart


    This 4.4-star-rated Shark EZ robot vacuum cleans your whole home in neat rows. It lacks the advanced smarts of more expensive robot vacuums, but this is one of the most affordable robot vacuums with a self-emptying base you’ll find.

    This Shark model comes with a 30-day capacity cleaning base.

    Shark EZ Robot vacuum with self-emptying base, $223 (reduced from $450)


    Gateway Notebook touchscreen 2-in-1 laptop: $159

    gateway-notebook.png

    Walmart


    This two-in-one device features an 11.6-inch touchscreen display and a precision touchpad. It comes with 4 GB of RAM and 64 GB of storage. The Gateway Notebook runs on Windows 10 and right now it’s only $159.

    “Excellent laptop for the price,” wrote a Walmart customer who purchased the device. “I use it almost completely to run basic games. It runs Roblox and RuneScape Classic, OldSchool RuneScape very well. I have no complaints with it, it’s an amazing laptop, especially for such a low price!”

    11.6″ Gateway Notebook touchscreen 2-in-1 laptop, $159 (reduced from $199)


    NordicTrack C 1100i smart treadmill with 10″ touchscreen: $899

    nordictrack-c-1100i-smart-treadmill.jpg

    Walmart


    Walmart has an incredible clearance deal on this NordicTrack C 1100i smart treadmill — it’s currently less than half its original price. It boasts a top speed of 10 MPH, an incline of up to 10% and a weight limit of 300 pounds. You also get Bluetooth connectivity, a pair of speakers, a 10″ touchscreen for watching workout classes and a built-in cooling fan.

    NordicTrack X 1100i smart treadmill with touchscreen, $899 (reduced from $1,872)


    Athletic Works kettlebells: $14 and up

    walmart-kettle-bell-clearance.jpg

    Walmart


    Looking for a clearance deal on home gym essentials? Walmart is offering a great price on 17.6-pound and 26.5-pound kettlebells. You can save more than half price.

    Athletic Works 17.6-pound kettle bell, $14 (reduced from $30)

    Athletic Works 26.5-pound kettle bell, $20 (reduced from $50)


    Decathlon Rockrider 21-speed mountain bike: $128

    decathlon-rockrider.png

    Walmart


    Looking to get active or spend more time outdoors in 2023? Check out this deal on the Decathlon Rockrider 21-speed mountain bike.

    This 21-speed mountain bike features a 100% aluminum frame that is lightweight, yet durable. The bike’s 80mm front suspension lets you overcome obstacles on slightly uneven trails. This bike is a great starter mountain bike, and right now it is on clearance for $220 off.

    Decathlon Rockrider 21-speed mountain bike, $128 (reduced from $348)


    27″ Asus TUF gaming monitor

    asus-gaming-monitor.png

    Walmart


    The Asus TUF gaming monitor is on sale right now at Walmart for over $100 off list price. It boasts a 1080p HD display, 1-millisecond response time and a 165 Hz refresh rate. The monitor provides high-quality visuals with enhanced details in dark areas of a game.

    37″ Asus TUF gaming curved monitor, $190 (reduced from $299)


    Bomaker portable Wi-Fi projector: $70

    bomaker-portable-projector.png

    Walmart


    This Bomaker portable Wi-Fi projector is great for at-home movie nights. It provides vivid sharp projectors indoors or outdoors with a 9000:1 contrast ratio. 

    “I was so impressed the first time I powered the Bomaker up and projected to a plain white wall in my unfinished basement. I could not believe the clarity and the huge projected screen,” writes one Walmart reviewer.

    Bomaker portable Wi-Fi projector, $70 (reduced from $160)


    Serta pushbutton faux leather power recliner: $295

    serta-recliner-walmart.jpg

    Walmart


    Walmart reviewers say this 4.2-star-rated Serta power recliner, on clearance now, is perfect for those who are shorter. 

    “These chairs seem extremely sturdy but comfortable,” says one Walmart reviewer. “I am 5’5″ and these chairs were extremely comfortable. The power recline is smooth and motor is quiet. Would recommend to anyone looking for an affordable power recliner.”

    Includes a one-year warranty.

    Serta pushbutton faux leather power recliner, $295 (reduced from $499)


    Kenmore smart charcoal grill: $298

    kenmore-smart-charcoal-grill.png

    Walmart


    Planning to grill for a President’s Day weekend get-together? Then check out this Kenmore smart grill. It has Bluetooth capabilities and allows you to easily set times, monitor four meat probe temperatures and view the ambient grill temp gauge right from your phone.

    “The smart device is super easy to use. Connect with the Kenmore app and pick your meat type, temperature and doneness. It also notifies you when the meat reaches your set temperature. [It’s] perfect for those who like to multi-task,” shared one reviewer.

    Kenmore smart charcoal grill, $298 (reduced from $350)


    HP DeskJet 4175e all-in-one wireless color inkjet printer: $69

    hp-deskjet-4175e-all-in-one-wireless-color-inkjet-printer.jpg

    Walmart


    This affordable HP inkjet printer with Wi-Fi functionality prints up to 8.5 pages per minute in black and 5.5 pages per minute in color. The purchase includes a free 12-month subscription to HP Instant Ink, which allows you to print up to 700 pages a month via automatic ink delivery. 

    HP DeskJet 4175e all-in-one wireless color inkjet printer, $69 (reduced from $119)


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  • The US dollar is at a crossroads | CNN Business

    The US dollar is at a crossroads | CNN Business

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    A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.


    New York
    CNN
     — 

    Wall Street investors are reaching for their neck braces in preparation for yet another volatile swing in stock markets: A surging US dollar.

    The greenback — which is not just the dominant global currency but also “the key variable affecting global economic conditions,” according to the New York Federal Reserve — reached a 20-year high last year after the Fed turned hawkish with its aggressive rate hikes.

    Since then, inflation seemed to have softened, pushing the dollar down. But in recent weeks, as a slew of economic data has shown the Fed’s inflation battle is far from over, the currency soared by about 4% from its recent lows, and now sits near a seven-week high.

    Investors are stressing about this sudden rebound, since a stronger dollar means American-made products become more expensive for foreign buyers, overseas revenue decreases in value and global trade weakens.

    Multinational companies, naturally, aren’t thrilled about any of this. And around 30% of all S&P 500 companies’ revenue is earned in markets outside the US, said Quincy Krosby, chief global strategist for LPL Financial.

    What’s happening: The US dollar “finds itself at a significant crossroads yet again,” said Krosby. “While the Fed remains steadfastly data dependent, the dollar’s course as well remains focused on inflation and the Fed’s monetary response.”

    “The strong US dollar has been a headwind for international earnings and stock performance (for US investors),” wrote Wells Fargo analysts in a recent note.

    February was a rough month for markets: The Dow ended February down 4.19%, the S&P 500 fell 2.6% and the Nasdaq lost just over 1%.

    What’s next: Investors are clearly focused on the next Fed policy meeting, which is still three weeks away, for signals about the direction of rates. But until then, investors may gain some insight Tuesday when Fed Chairman Jerome Powell speaks before the Senate Banking Committee.

    They’ll also be watching next Friday’s jobs report for any softening in the labor market that could temper the Fed’s hawkish mood.

    Don’t forget the debt ceiling: Another significant threat to the dollar is looming in Congress — the ongoing debt ceiling fight. The United States could start to default on its financial obligations over the summer or in the early fall if lawmakers don’t agree to raise the debt limit — its self-imposed borrowing limit — before then, according to a new analysis by the Bipartisan Policy Center.

    That could potentially lead to a disastrous downgrade to America’s credit rating and could send the dollar spiraling as investors start to sell off their US assets and move their money to safer currencies.

    “It would certainly undermine the role of the dollar as a reserve currency that is used in transactions all over the world. And Americans — many people — would lose their jobs and certainly their borrowing costs would rise,” Treasury Secretary Janet Yellen told CNN in January.

    ▸ A lot has changed in the last twenty years. The gender pay gap hasn’t.

    In 2022, US women on average earned about 82 cents for every dollar a man earned, according to a new Pew Research Center analysis of median hourly earnings of both full- and part-time workers.

    That’s a big leap from the 65 cents that women were earning in 1982. But it has barely moved from the 80 cents they were earning in 2002.

    “Higher education, a shift to higher-paying occupations and more labor market experience have helped women narrow the gender pay gap since 1982,” the Pew analysis noted. “But even as women have continued to outpace men in educational attainment, the pay gap has been stuck in a holding pattern since 2002, ranging from 80 to 85 cents to the dollar.”

    ▸ Initial jobless claims, which measures the number of people who filed for unemployment insurance for the first time last week, are due out at 8:30 a.m. ET on Thursday.

    This will be the last official jobs data investors see before February’s heavily anticipated unemployment report next Friday.

    Economists are expecting 195,000 Americans to have filed for unemployment, which is higher than the seasonally adjusted 192,000 who applied two weeks ago.

    Initial claims have come in lower than expected in recent weeks and remain well below their pre-pandemic levels.

    The white-hot labor market in the US added more than 500,000 jobs in January, blowing analysts’ expectations out of the water and bringing the unemployment rate to its lowest level since May of 1969.

    That’s bad news for the Federal Reserve where policymakers have been attempting to tame inflation by cooling the economy through painful interest rate hikes.

    ▸ It’s a big day for groceries. Kroger (KR), Costco (COST) and Anheuser-Busch (BUD) all report earnings on Thursday.

    Investors will be watching closely for clues about consumer sentiment during an uncertain retail earnings season. On Tuesday, Kohl’s reported that it had a rough holiday season and executives at the company put the blame on inflation. The company said higher prices squeezed sales and forced it to mark down some products to entice shoppers — which hurt its profit margin.

    Those comments echoed those of other big box retailers like Walmart (WMT) and Target (TGT), who have said consumers are feeling the pinch of inflation.

    Still, Target and Walmart’s bottom lines were bolstered by food sales even as consumers pulled back on discretionary purchases.

    The US Senate voted on Wednesday to overturn a Biden administration retirement investment rule that allows managers of retirement funds to consider the impact of climate change and other ESG factors when picking investments.

    As my CNN colleagues Ali Zaslav, Clare Foran and Ted Barrett write: The rule is not mandated – it allows, but does not require, the consideration of environmental, social and governance factors in investment selection.

    Republicans complained that the rule is a “woke” policy that pushes a liberal agenda on Americans and will hurt retirees’ bottom lines.

    “This rule isn’t about saying the left or the right take on a given environmental, social, or governance issue is ‘correct,’” countered Senator Patty Murray (D-WA) on the Senate floor Wednesday. “It’s about acknowledging these factors are reasonable for asset managers to consider.”

    The measure will next go to President Joe Biden’s desk as it was passed by the House on Tuesday. The administration, however, has issued a veto threat. As a result, passage of the resolution could pave the way for Biden to issue the first veto of his presidency.

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  • Over 1 million Halloween-themed candles sold at Walmart are recalled due to glass breaking | CNN

    Over 1 million Halloween-themed candles sold at Walmart are recalled due to glass breaking | CNN

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    CNN
     — 

    The US Consumer Product Safety Commission has issued a recall for more than a million candles sold at Walmart after the agency received reports of the candles’ glass cracking, causing burns and cuts.

    The agency issued the recall on Thursday for over 1.2 million “Mainstays Three-Wicked Candles” with autumnal and Halloween-themed scents. The recall affects candles in the scents “Jack-O-Lantern,” “Mystic Fog,” “Warm Apple Pie,” “Warm Fall Leaves,” “Fall Farm House,” “Pumpkin Spice,” and “Magic Potion.”

    The commission received 12 reports of the candles burning too close to the edge of the container, causing the glass to crack, according to the recall notice.

    There was one report of a minor cut from the glass breaking and multiple reports of “damage to nearby items,” as well as one report of a fire, the notice says.

    The 14-ounce candles were sold at Walmarts around the country and online from September through November 2022.

    The CSPC urged consumers to immediately stop using the recalled candles and to contact manufacturer “Star Soap Star Candle Prayer Candle” for a full refund.

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  • Walmart Is Closing 9 Stores in the U.S.: See the List | Entrepreneur

    Walmart Is Closing 9 Stores in the U.S.: See the List | Entrepreneur

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    Walmart closures will impact a total of nine locations this year, including seven traditional retail locations and two places, in Illinois and Arkansas, that operate as “pickup only.”

    Insider has reported that a small chunk of stores has closed each year since at least 2019. The company has not said exactly why the locations are closing.

    Walmart has some 5,000 locations in the U.S. It is thought to be the nation’s largest private employer — and is also often a local minimum wage-setter. The company’s CEO, Doug McMillion, said in December that retail theft could drive the company to close stores.

    Related: Walmart Is Raising Its Base Pay to $14 an Hour — Increasing Average Wages By $2

    In Walmart’s earnings call on Tuesday, Walmart CFO, John David Rainey, said the company lowered its outlook for the year ahead due to consumers having fewer funds on hand and interest rate raises from the Federal Reserve. Walmart and Home Depot are both preparing for a difficult year ahead, according to CNBC.

    “The consumer is still very pressured,” Rainey told CNBC. “And if you look at economic indicators, balance sheets are running thinner and savings rates are declining relative to previous periods. And so that’s why we take a pretty cautious outlook on the rest of the year.”

    Walmart has said that store performance was a factor in a statement: “This decision was not made lightly and was reached only after a thorough review process… We have nearly 5,000 stores across the U.S. and unfortunately, some do not meet our financial expectations. While our underlying business is strong, these specific stores haven’t performed as well as we hoped.”

    As Insider noted, the company’s attempt to get into a pickup-only model appears to have gone by the wayside — the two locations with those models, Bentonville, Arkansas, and Lincolnwood, Illinois, are closing.

    Here’s the full list of locations that Walmart has confirmed will close this year or have already closed:

    • Bentonville, Arkansas. 3701 SE Dodson Road
    • Pinellas Park, Florida. 6900 US Highway 19 North
    • Homewood, Illinois. 17550 South Halsted Street
    • Plainfield, Illinois. 12690 South Route 59
    • Lincolnwood, Illinois. 840 N. McCormick Boulevard
    • Albuquerque, New Mexico. 301 San Mateo Boulevard SE
    • Portland, Oregon. 1123 N. Hayden Meadows Drive
    • Portland, Oregon. 4200 SE 82nd Avenue
    • Milwaukee, Wisconsin. 10330 W. Silver Spring Drive

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    Gabrielle Bienasz

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  • Entrepreneur | Walmart Says Rough Road Ahead Despite Strong Holiday Sales

    Entrepreneur | Walmart Says Rough Road Ahead Despite Strong Holiday Sales

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    It looks like America’s largest retailer is in for a rocky 2023.

    Despite a strong holiday shopping season, Walmart is predicting slower sales and profit growth this year — news that drove the retailer’s stock down on Tuesday morning, CNN reported.

    Related: 15 Crazy Facts About Walmart’s History and Where It’s Heading Next

    The company reported an 8.3% sales increase during its latest quarter at U.S. stores open for at least a year, but most of the holiday growth came from grocery sales as consumers purchased necessities over gifts.

    The slowdown in sales for typical holiday buys like toys, electronics, and clothing suggests that consumers are more hesitant to open their wallets amid still-high inflation in 2023.

    Walmart anticipates earnings of $5.90 to $6.05 per share for the year through January 2024, below analysts’ estimates of $6.50 per share, according to Refinitiv IBES data reported by Reuters.

    Related: Walmart Might Soon Be Rolling Out Its Own Cryptocurrency

    Additionally, uncertainty about the U.S. Federal Reserve’s decision to continue hiking borrowing costs complicates the forecast.

    “Balance sheets are continuing to get thinner, savings rate is roughly half of what it was at a pre-pandemic level and we’ve not been in a situation like this where the Fed is raising at the rate that it does,” Walmart’s Chief Financial Officer, John David Rainey, told Reuters. “So, that makes us cautious on the economic outlook because we simply don’t know what we don’t know.”

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    Amanda Breen

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  • Walmart, Home Depot, Meta, DocuSign, Medtronic, and More Stock Market Movers

    Walmart, Home Depot, Meta, DocuSign, Medtronic, and More Stock Market Movers

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  • Warren Buffett is missing out on this year’s market comeback | CNN Business

    Warren Buffett is missing out on this year’s market comeback | CNN Business

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    A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.


    New York
    CNN
     — 

    Warren Buffett is arguably the most legendary investor of all time. But the Oracle of Omaha has missed out on this year’s stock market rally. So far, at least.

    Shares of Buffett’s Berkshire Hathaway

    (BRKB)
    conglomerate, a company that owns businesses ranging from Geico and the Burlington Northern Santa Fe railroad to consumer brands like Dairy Queen, Duracell and Fruit of the Loom, are down slightly this year — lagging the market, as the S&P 500 is up 6%. (The Nasdaq has done even better, surging 12%.)

    Berkshire Hathaway also has a giant stock portfolio that Buffett helps run. Apple

    (AAPL)
    is now by far the top holding for Berkshire, which also has big stakes in Bank of America

    (BAC)
    , Chevron

    (CVX)
    , American Express

    (AXP)
    and Coca-Cola

    (KO)
    .

    So is Berkshire’s portfolio, dare we say it, a little too boring? After all, if you want exposure to the big blue chips he owns, you could just buy an S&P 500 index fund.

    Buffett, in fact, has promoted that idea to investors many times, arguing that most individual stock pickers will not be able to beat the market. The 92-year-old Buffett, who has a net worth of more than $100 billion according to Forbes, even said that he wants the trustee in charge of his will to put 90% of his wife’s inheritance in index funds.

    Still, investors pay extremely close attention to Buffett every time he speaks. So traders will be poring over every word in his annual shareholder letter, which will be released the morning of Saturday, February 25, along with Berkshire’s latest earnings report.

    Don’t expect any major surprises. Buffett will probably continue to extol the virtues of a long-term, patient approach to investing and give a bullish outlook for the US economy. And to his credit, that usually pays dividends: Berkshire stock was up 3% last year in a down market.

    But market watchers are looking to see what Buffett says about the current inflationary scourge that has had a big impact on consumers and investors. He has lived through a couple of bouts of high inflation, after all.

    “I would like to hear Buffett address what’s going on with interest rates and inflation up as much they are,” said Steve Check, president of Check Capital Management, an investment firm that owns Berkshire shares. “He talked a lot about how concerned he was in the 1970s and 1980s.”

    Buffett has made numerous comments about inflation over the past few decades. And he was particularly nervous during the late 1970s and early 1980s, when soaring oil prices created an inflationary shock that severely hurt the economy.

    “High rates of inflation create a tax on capital that makes much corporate investment unwise,” Buffett said in his 1980 shareholder letter to Berkshire investors. Buffett also described inflation as a gigantic parasitic “tapeworm” for businesses in 1981.

    Buffett may also need to address how top-heavy and concentrated his portfolio has become. Berkshire’s five largest holdings make up about 75% of the company’s stock investments.

    “The portfolio is significantly overweight [in] technology, energy, consumer staples, and financials relative to the S&P 500,” said Bill Stone, chief investment officer with The Glenview Trust Company, another Berkshire shareholder, in a report. Stone noted that Berkshire also has big stakes in Kraft Heinz

    (KHC)
    and oil company Occidental Petroleum

    (OXY)
    .

    Investors also want to hear more about what Buffett plans to do with Berkshire’s massive pile of cash. The company has more than $100 billion on its balance sheet. Are more acquisitions coming?

    Buffett has talked for the past few years about how he’s longing to do an “elephant-sized” deal with Berkshire’s cash. Its most recent big deal was last year’s purchase of insurer Alleghany for $11.6 billion.

    Still, the recent sluggish performance of Berkshire’s stock is unlikely to deter the faithful Buffett fans, many of whom are expected to make the annual pilgrimage to Omaha on May 6 for the company’s shareholder meeting.

    Berkshire vice chairman Charlie Munger will likely be on stage with Buffett. So will Greg Abel, the chairman and CEO of Berkshire Hathaway Energy who Buffett has handpicked to eventually succeed him as Berkshire Hathaway CEO.

    Buffett’s faith in the US economy is well founded. American consumers have proven to be remarkably resilient despite rampant inflation. The surprisingly strong retail sales gains for January is further proof of that.

    Investors will get several more clues about consumer spending this week when several top retailers report earnings.

    Dow components Walmart

    (WMT)
    and Home Depot

    (HD)
    are the highlights. Walmart

    (WMT)
    , which has a massive grocery business, should shed some light on how shoppers are coping with surging grocery prices.

    Walmart could still benefit from its reputation as a place for bargains, though. That could even attract more affluent shoppers looking to save a buck.

    “With inflation remaining elevated in the U.S., we expect Walmart to see continued trade-down benefits…particularly from higher-income customers,” said Arun Sundaram, an analyst at CFRA Research, in a report.

    And investors will be looking for clues about the health of the housing market when Home Depot reports. Placer.ai, a research firm that measures foot traffic at top retailers, said in a recent report that consumers are returning to Home Depot and rival Lowe’s at almost pre-pandemic levels — even despite the housing slowdown.

    One reason? Current homeowners may decide to spend more on renovations if they now plan to stick in their current house longer instead of looking to sell.

    “Although the hot home-buying market is cooling off…foot traffic remains close to pre-pandemic levels due to a shift towards projects aimed at sprucing up a current living space,” said Placer.ai’s Ezra Carmel in a report. “It appears that projects that enhance the prospect of staying in place also have the ability to drive visits.”

    Investors will be keeping close tabs on several other retailers set to report earnings this week, including TJX

    (TJX)
    — the owner of TJ Maxx, Marshalls and HomeGoods — as well as online retailers eBay

    (EBAY)
    , Etsy

    (ETSY)
    , Overstock

    (OSTK)
    , Wayfair

    (W)
    and China’s Alibaba

    (BABA)
    .

    The US government is also set to release personal spending figures for January on Friday, another data point that will give a glimpse of consumers’ financial health.

    Monday: US stock and bond markets closed for Presidents’ Day

    Tuesday: US existing home sales; Eurozone and UK PMI; earnings from Walmart, Home Depot, Medtronic

    (MDT)
    , Fluor

    (FLR)
    , Molson Coors

    (TAP)
    , Caesars Entertainment

    (CZR)
    , Diamondback Energy

    (FANG)
    , Chesapeake Energy

    (CHK)
    , Palo Alto Networks

    (PANW)
    , Coinbase, La-Z-Boy

    (LZB)
    and Hostess Brands

    (TWNK)

    Wednesday: Weekly crude oil inventories; earnings from Stellantis, Baidu

    (BIDU)
    , TJX, Garmin

    (GRMN)
    , Overstock, Wingstop

    (WING)
    , Nvidia

    (NVDA)
    , eBay, Etsy and Bumble

    Thursday: US weekly jobless claims; US Q4 GDP (second estimate); Eurozone inflation; Turkey interest rate decision; earnings from Alibaba, Netease

    (NTES)
    , Keurig Dr Pepper

    (KDP)
    , Wayfair, Newmont, Domino’s

    (DPZ)
    , Papa John’s

    (PZZA)
    , Yeti

    (YETI)
    , Nikola, CNN owner Warner Bros. Discovery, Block

    (SQ)
    , Booking Holdings

    (BKNG)
    , Live Nation

    (LYV)
    , Carvana

    (CVNA)
    , Intuit

    (INTU)
    and Beyond Meat

    (BYND)

    Friday: US personal income and spending; US PCE inflation figures; US new home sales; Japan inflation; Germany Q4 GDP; earnings from CIBC

    (CM)
    , Scripps

    (SSP)
    and Cinemark

    (CNK)

    Saturday: Berkshire Hathaway earnings and Warren Buffett annual shareholder letter

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  • If You Love Ariana Grande’s Viral Cloud Perfume, Try These 8 Next

    If You Love Ariana Grande’s Viral Cloud Perfume, Try These 8 Next

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    Whether you’re a dedicated Arianator or not, there’s no denying that Ariana Grande‘s fragrance line has claimed a much-deserved spot as one of the top-selling celebrity fragrance brands since the release of her debut scent, Ari by Ariana Grande, in September 2015. Since then, the “Just Look Up” singer has released nine other fragrances, including the viral Cloud perfume that took social media by a storm following her studio album of the same name.

    Before becoming a beauty editor, I discovered the perfume through countless YouTube unboxings and reviews from fashion-and-beauty content creators such as Gabi DeMartino. Read on to discover which of this singer’s other aesthetically pleasing perfumes (how cute are those bottles?) have captured the hearts of Ariana Grande superfans and fragrance lovers alike.

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    Maya Thomas

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  • CVS, Walmart and Walgreens to reduce pharmacy hours as staffing challenges persist

    CVS, Walmart and Walgreens to reduce pharmacy hours as staffing challenges persist

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    CVS cutting down, adjusting pharmacy hours in two-thirds of stores


    CVS cutting down, adjusting pharmacy hours in two-thirds of stores

    00:37

    CVS and Walmart are reducing their pharmacy operating hours across the U.S. to improve employees’ work-life balance as the chains continue to struggle with staffing shortages in the wake of the COVID-19 pandemic.

    CVS said it will be “adjusting hours in select stores” come spring, as part of a periodic review of “operating hours to make sure we’re open during peak customer demand.” The move will affect around two-thirds of the company’s approximately 9,000 retail pharmacies beginning in March, a company spokesperson said in a statement to CBS MoneyWatch

    CVS, which is the largest pharmacy chain in the U.S. by revenue, said it’s making the schedule changes in order to “ensure our pharmacy teams are available to serve patients when they’re most needed,” a CVS spokesperson said. “If a pharmacy is closed, a patient can visit any open CVS Pharmacy location for assistance with their immediate prescription needs,” the spokesperson added.

    Walmart reduces hours, raises pay

    Walmart also said it’s cutting hours at its pharmacy locations nationwide to improve “work-life balance” for its associates. 

    Walmart pharmacies will be open from 9 a.m. to 7 p.m. Monday through Friday. Previously they were open until 9 p.m. on weekdays. 

    “Walmart is committed to helping our associates live better. Walmart has a strong and incredible pharmacy team, and we are making this change to not only enhance their work-life balance but also to maintain the best level of service for our customers,” Walmart said in a statement to CBS MoneyWatch. 

    Walmart said it’s making the schedule change based on feedback from pharmacy staff and customers. 

    “By positioning our teams in the hours where our customers say they want to visit our pharmacy, we are better able to deliver excellent customer service and support our associates as they continue to serve their communities every day,” Walmart said. 

    In mid-June, Walmart announced higher wages for more than 36,000 pharmacy technicians, raising their average hourly pay to more than $20.

    Prior to the pandemic, pharmacists and pharmacy technicians outnumbered opportunities for employment, according to Michael Hogue, dean of the Loma Linda University School of Pharmacy. 

    As the COVID-19 vaccines first began to be rolled out in 2021, regional and national pharmacy chains were clamoring for qualified workers to support the massive public health campaign. Job opportunities for pharmacy students soared.

    Walgreens hires more pharmacists, raises pay

    A spokesperson for the Walgreens pharmacy chain, the second largest in the U.S., also said it has had to adjust pharmacy hours over the past 12-plus months due to staffing challenges. 

    Walgreens added that it has hired thousands of pharmacists as well as increased pharmacy workers’ pay to address ongoing staffing issues. It said the efforts are working and the issues are subsiding. 

    “We have seen positive staffing trends for the past several months as we work to return more stores to normal operating hours,” Walgreens said. 

    Pharmacies aggressively hired pharmacists and pharmacy technicians starting in February 2021, when COVID-19 vaccines were first made available to the general public, to accelerate efforts to inoculate as many people as possible. Pharmacist job postings surged and drugstore chains offered hefty signing bonuses of up to $20,000.

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  • Best deals at Walmart this week ahead of Valentine’s Day 2023

    Best deals at Walmart this week ahead of Valentine’s Day 2023

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    Walmart


    There are a ton of great deals to shop at Walmart today. You can score a new TV or new workout equipment for a great price, along with savings on tons of top-selling products. Whether you’re shopping for Valentine’s Day 2023 or looking for some help support your New Year’s resolutions, you won’t want to miss these deals.

    Here are all the top Walmart deals, rollbacks, and clearance offers available to shop this week.

    Best deals at Walmart this week

    If you’re looking for a great deal at Walmart, start here. The retailer is offering deep discounts on a variety of popular items, including Apple WatchesSamsung tabletsHP Chromebooks and more. 

    Apple AirPods (2nd generation): $99

    Apple AirPods (2nd Generation)

    Apple


    Just about anyone will love these budget-minded Apple AirPods. They’re not the latest model, but they’re still one of the most sought-after earbud models on the market.  

    Retailing for $159 at Apple, they’re on currently sale at Walmart for $99. These AirPods boast more than 24 hours total listening time (with the wireless charging case), a foolproof, one-tap setup for Apple device owners and a low-latency wireless connection (for full immersion when consuming movies and music). 

    Apple AirPods (2nd generation), $99 (reduced from $159)


    Bose Sport Earbuds true wireless Bluetooth headphones: $129

    bose-sport-earbuds-walmart.jpg

    Walmart


    These 4.3-star-rated Bose earbuds are designed to stay in your ear, even while working out. These earbuds feature sweat- and water-resistance, gesture-based controls and up to 15 hours of battery life with the included charging case.

    Save $50 at Walmart now.

    Bose Sport Earbuds true wireless Bluetooth headphones, $129 (reduced from $179)


    Apple Watch Series 8 (41mm): $389

    Apple Watch Series 8 (41mm)

    Walmart


    The Apple Watch Series 8 is a durable smartwatch that is swim-proof, dust-proof and crack-resistant. It also comes with a new crash detection feature, which detects when the wearer is in a severe car crash and alerts emergency services of their location.

    The Apple Watch 8 has a number of health-tracking features, including an optical heart sensor, electrical heart sensor for ECG, blood oxygen sensor and a new body temperature sensor. You can also tap into yoga, meditation and other workout programs via Apple Fitness+. (Apple Fitness+ is a subscription service. It costs $9.99 a month; Apple Watch buyers get the first month free.) 

    Apple Watch 8 (41mm) (GPS), $389 (reduced from $399)


    Dyson V7 Advanced Cordless Vacuum Cleaner: $280

    dyson-v7-vacuums.jpg

    Walmart


    You can really clean up with this Walmart deal: The Dyson V7 handheld vacuum is $120 off right now. It features 40 minutes of run time, a detangling head and whole-machine filtration.

    Dyson V7 Advanced cordless vacuum cleaner, $280 (reduced from $400)


    Samsung 85″ Class QN85B Neo QLED 4K Smart TV: $2,298

    samsung-neo-qled-4k-qn85b.jpg

    Walmart


    Between the NFL playoffs and the big game coming in February, now’s a great time to upgrade your television. Fortunately, Walmart has a great deal on a top-rated big-screen Samsung TV: This 4.9-star-rated model is $1,700 off right now. It features AI-based 4K upscaling, 120 Hz refresh rate (perfect for gaming), Quantum HDR 24x, Dolby Atmos and object tracking sound.

    Samsung 85″ Class QN85B Neo QLED 4K Smart TV, $2,298 (reduced from $4,000)


    Best budget Roku TV deals at Walmart

    roku-tv-onn-23-inch.jpg

    Walmart


    Looking for the perfect budget TV for the the Big Game? Head over to Walmart — the retailer has restocked a number of its bestselling budget Roku smart TVs. No matter what size or resolution you need, there’s a deal for you.

    Here’s a list of the best Roku TV deals at Walmart. As of publication, all these deals are still available.


    PlayStation 5 God of War Ragnarok bundle: $559

    ps5-god-of-war-bundle.jpg

    Sony


    If you’re trying to get a PlayStation 5 console, head over to the Walmart website now — the console has been going in and out of stock over the past week. You can use the links below to head straight to the PS5 listings at Walmart and see if you can get lucky and find one.

    PlayStation 5 God of War Ragnarok bundle, $559

    Playstation 5 God of War Ragnarok bundle (Digital Edition), $459


    Xbox Series X: $588

    xbox-x.png

    Microsoft


    The Xbox Series X boasts 4K resolution at 120 Hz, 3D spatial sound, 1 TB of blazing fast storage (and fast load times). It’s backwards compatible with thousands of Xbox games — even your old Xbox 360 and Xbox games. 

    Xbox Series X console, $588


    Echelon Sport exercise rower: $297

    walmart-echelon-sport-exercise-rower.jpg

    Walmart


    The Echelon sport exercise rower features 32 levels of magnetic resistance and a built-in tablet holder (up to 12.9 inches). It easily folds up when not in use for easy storage.

    The Echelon Sport exercise rower includes a 30-day free trial membership to Echelon Premiere, with more than 40 daily live and 15,000 on-demand fitness classes. (Echelon Premiere costs $34.99 per month after that; membership is not required to use the rower.)  

    Echelon Sport exercise rower, $297 (reduced from $597)


    The Pioneer Woman FlexBrew single-serve coffee maker: $50

    the-pioneer-woman-coffee-maker.jpg

    Walmart


    Now is the perfect time to upgrade your kitchen essentials: Walmart has rolled back prices on a number of The Pioneer Woman kitchenware and appliances. You can get a new single-serve coffee maker, complete with Ree Drummond’s signature floral prints, for just $50 right now

    Walmart reviewers rave about this 4.2-star-rated single-serve Hamilton Beach coffee maker that brews up to 10 ounces of coffee via K-cup pods or up to 14 ounces via ground coffee. “There is no clock to program, no brew size to program,” says one verified purchaser. “All you have to do is pop in your pod or use the cup for your own coffee. Put in your water and brew. It is as simple as that.”

    “I would highly recommend this product,” the reviewer concludes.

    The Pioneer Woman FlexBrew single-serve coffee maker, $50


    The Pioneer Woman slow cooker set 

    the-pioneer-woman-slow-cooker-set.png

    Walmart


    Walmart is offering an unbeatable deal on The Pioneer Woman slow cooker set. At $24, this would be a great deal for one slow cooker, but this deal actually includes a set of two The Pioneer Woman slow cookers. The 1.5-quart slow cookers feature a vintage floral design and three temperature settings.

    The removable stoneware crocks and glass lids are dishwasher safe.

    “I love these little crockpots,” a reviewer says. “It is perfect to make small portioned meals and the two pack makes it easy to prepare several meals in advance.”

    The Pioneer Woman 2-piece floral slow cooker set, $24 (reduced from $30)


    12-piece Rachael Ray cookware set: $109

    rachael-ray-12-piece-get-cooking-nonstick-pots-and-pans-set.png

    Walmart


    The 12-piece set includes a 6-quart stock pot with lid, a 3-quart saucepan with lid, a 10-inch frying pan, 8.5-inch frying pan, a 11.75-inch deep frying pan, a 9-inch x 13-inch baking sheet, a large nylon turner, a large nylon slotted spoon and a garbage bowl.

    One Walmart reviewer shared their family’s experience with the set: “I bought this set for my daughter because she moved out into her own place.She loves the quality of the pots and pans. The non stick is awesome and its a very good looking set!”

    Rachael Ray 12-piece nonstick pots and pans set, $109 (reduced from $198) 


    The Pioneer Woman 25-piece pantry essentials set: $60

    pioneer-woman-pantry-essentials.png

    Walmart


    Right now, you can give your whole pantry a new-for-2023 makeover with this 25-piece kitchen essentials set from The Pioneer Woman.

    This adorable pantry set includes a utensil crock, napkin box, silicone tool set, butter dish, measuring cups and spoons, a sugar bowl, ramekins and more.

    Says one Walmart reviewer about this 4.7-star-rated set: “I bought this set for a housewarming gift. You can’t go wrong with anything The Pioneer Woman. They absolutely loved it.”

    The Pioneer Woman 25-piece pantry essentials set, $60 (reduced from $75)


    Skullcandy Crusher Evo headphones: $160

    skullcandy-evo-headphones.png

    Walmart


    These Skullcandy wireless on-ear headphones have an impressive 4.6-star rating — and they’re currently on sale. They offer a frequency range of 20 Hz-20 kHz for deep lows and euphoric highs.

    One reviewer wrote, “The sound quality is amazing, these literally blew me away! What has me even more amped is how quickly they charge. These come at an unbelievable value in comparison to other higher-end brands”.

    Skullcandy Crusher Evo headphones, $160 (reduced $190)


    Orfeld cold-press juicer: $80

    walmart-cold-press-juicer.jpg

    Walmart


    Up your nutrition game in 2023 with this 4.9-star-rated cold-press juicer, well under half price at Walmart now. It boasts two speeds, easy 5-second cleanup, quiet operation (65 dB) and 90% juice output.

    “Amazing product. Just amazing,” says one Walmart reviewer. “I have the other type of juice maker but this one is easy to clean and very easy to use. So easy than even a 10 year old can make juice by themselves.”

    Orfeld cold-press juicer, $80 (reduced from $200)


    Carote 10-piece nonstick pots and pans set: $105

    carote-cookware-set.png

    Walmart


    Give your kitchen a refresh for 2023 with this gorgeous 10-piece Carote pots and pans set.

    The set is made with eco-friendly nonstick granite material. It includes a 9.5-inch frying pan skillet, an 11-inch frying pan skillet, a 2.4-quart saucepan with a lid and steamer, a 4.3-quart casserole dish with a lid, a 4.5-quart saute pan with a lid and a silicone spatula. This gives you everything you need to boil, fry, steam and saute a nice healthy meal for yourself or your family.

    Carote 10-piece nonstick pots and pans set, $105 (reduced from $240)


    Beautiful by Drew Barrymore touchscreen air fryer: $69

    beautiful-by-db-air-fryer.png

    Walmart


    If you’re in need of a new air fryer for the new year, Walmart has a deal for you. This touchscreen air fryer from Drew Barrymore’s Beautiful home line is on sale now. This 6-quart air fryer lets you air fry, roast, reheat and dehydrate food with little-to-no oil needed. The removable crisping tray and pan are also dishwasher-safe for easy cleanup.

    You’ll want to hop on this deal quickly, as some of the color options have already sold out.

    Beautiful by Drew Barrymore touchscreen air fryer, $69 (reduced from $89) 


    SuperFit 2-in-1 treadmill: $314

    superfit-treadmill.png

    Walmart


    This SuperFit 2-in-1 folding treadmill works as both a running treadmill or an under-desk walking treadmill making it the perfect addition to your home gym or home office.

    Right now, you can save more than $150 on this foldable treadmill at Walmart.

    SuperFit 2-in-1 folding treadmill, $314 (reduced from $492)


    Wyze robot vacuum with room mapping: $149

    wyze-robot-vacuum-walmart-dec-2022.jpg

    Walmart


    The Wyze robot vacuum, now less than half price at Walmart, features LIDAR navigation. The sensor on top of the vacuum maps your home, so you can create no-go zones on the accompanying app and have more control over cleanings. It’s able to handle height gaps of up to 0.8 inches, so it can easily transition between carpets and hardwood floors.

    The Wyze robot vacuum has 2,100 Pa of suction and a 4.4-star rating at Walmart.

    Wyze robot vacuum, $149 (reduced from $329)


    Shark Vacmop cordless vacuum and mop: $49

    shark-vacmop.png

    Walmart


    This Shark cordless Vacmop combines powerful suction and spray mopping for an all-in-one hardwood floor cleaner. The best part? It’s only $49 right now at Walmart.

    Shark Vacmop cordless vacuum and mop, $49 (reduced from $79)


    Keurig K-Duo Plus coffee maker: $170

    keurig-k-duo-plus.png

    Walmart


    Looking to save money and make your coffee at home this year? Consider this versatile coffee brewer from Keurig. It allows you to brew single-serve K-cups or a traditional pot of coffee. It also includes a multi-position water resovioir that can be positioned to the left, right or back of the brewer to best fit your counter space.

    Keurig K-Duo Plus coffee maker, $170 (reduced from $200)


    Apple Watch SE (1st generation): $199

    Apple Watch SE

    Amazon


    The Apple Watch SE, the most affordable model in the Apple Watch lineup, is even more affordable now with this deal at Walmart. The smartwatch offers a 40mm screen and boasts a wide range of health and fitness features. It can also be used to play music, check your tests and make calls when paired with your iPhone.

    Apple Watch SE GPS (1st generation), $199 (reduced from $279)


    Samsung Galaxy Watch 4 Classic: $179

    Samsung Galaxy Watch4 Classic

    Samsung via Amazon


    The Galaxy Watch 4 Classic comes in just two (classic) colors: black and silver. You can customize the Galaxy Watch 4 Classic with a sold-separately Samsung band of your choice. You’ll save up to $171 at Walmart now with this deal.

    Galaxy Watch 4 Classic (42mm), $179 (reduced from $350)

    Galaxy Watch 4 Classic (46mm), $295 (reduced from $460)


    Lenovo Ideapad 1i: $129

    ideapad-1i-intel-14.png

    Lenovo


    This Lenovo Ideapad 1i has a 14-inch FHD display and Intel Celeron processor. It runs n the Windows 11 operating system. This affordable laptop is a great fit for students, professionals or anyone looking for a solid laptop to surf the web or watch Netflix on.

    Lenovo Ideapad 1i, $129 (reduced from $375)


    75″ Samsung ‘The Frame’ TV: $1,998

    samsung-the-frame.jpg

    Samsung


    Walmart has the 75-inch model of Samsung’s popular ‘The Frame’ TV on sale now for $1,000 off. The Frame smart TV has a built-in motion sensor that activates your device to display your favorite pieces of art in 4K resolution whenever you enter the room. This QLED TV produces 100% color volume in the DCI-P3 color space, which is the format for most cinema screens and HDR movies for television. 

    75″ Samsung ‘The Frame’ smart TV, $1,998 (reduced from $2,999) 


    FitRx SmartBell adjustable dumbbells: $99

    fitrx-smartbell-adjustable-dumbell-1200x900.jpg

    Walmart


    Looking to get in better shape for the holidays, or get a head start on your New Year’s resolution? Walmart is offering quite the deal on FitRx SmartBell adjustable dumbbells. Originally $200, you can get one for $89 now at Walmart.

    The 4.4-star-rated FitRx SmartBell adjustable dumbbell can be adjusted from 5 to 52.5 pounds in 2.5-pound increments. An anti-slip handle and safety lock keep plates in place during your workout. Comes with a storage rack.

    At this price, why not pick up a set of two?

    FitRx SmartBell adjustable dumbbells, $99 (reduced from $200)


    Cricut Explore Air 2 Daybreak machine bundle: $169

    cricut-explore-air-2-daybreak-machine-bundle.png

    Walmart


    The Cricut Explore Air 2 is a true workhorse. It cuts up to 100 materials quickly and precisely, using commercial-grade technology to control the direction of its blade and the cutting pressure to match different materials. This bundle includes 40 vinyl sheets and several helpful tools to use while crafting with the Cricut.

    Cricut Explore Air 2 Daybreak machine bundle, $169 (reduced from $199)


    Xbox Series S Holiday Edition console: $240

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    Microsoft via Walmart


    Here’s your opportunity to gifta brand new gaming console and save money while doing it: You can get a the all-digital Xbox Series S Holiday Edition console for $240 at Walmart now. Tap the link below to score the deal while you can.

    Xbox Series S Holiday Edition console (512 GB), $240 (reduced from $299)


    The Pioneer Woman 11-piece knife block set: $49

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    Walmart


    CBS Essentials readers can’t get enough of ‘The Pioneer Woman’ kitchenware — it seems to be the perfect combination of style, performance and value. This 4.7-star-rated stainless steel knife block set includes an eight-inch chef knife, an eight-inch bread knife, a 6.5-inch Nakiri knife, five-inch utility knife, 3.5-inch paring knife, four 4.5-inch steak knives, a pair of shears and an acacia block.

    Available in four colors.

    The Pioneer Woman 11-piece knife set, $49


    The Pioneer Woman 14-piece stainless steel knife block set: $61

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    Walmart


    If you want an upgraded knife set from The Pioneer Woman, check out this expanded stainless steel set. The knives’ blades are made from specially formulated, high-alloy steel designed for strength, durability and precision cutting. It includes includes an eight-inch chef knife, an eight-inch bread knife, a 6.5-inch Nakiri knife, five-inch utility knife, 3.5-inch paring knife, 3.5-inch bird’s beak knife, six 4.5-inch steak knives, a pair of shears and an acacia block.

    The Pioneer Woman 14-piece stainless steel knife block set, $61 (reduced from $77)


    Disney Encanto 4-piece kids bedroom set: $75

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    Walmart


    Give your toddler’s room a makeover for the new year. The four-piece Disney Encant bedroom set includes a sleep and play bed with a low mattress height and guardrails, a six-bin toy organizer with reusable cling stickers, a table and chair. Mattress is sold separately ($32).

    Disney Encanto 4-piece bedroom set, $75 (reduced from $120)

    Not the right design? Not to worry — Walmart offers this bedroom set with a number of different kid-friendly characters:


    Apple iPad Air 5: $559

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    Apple via Walmart


    Walmart is rolling back the price of the Apple iPad Air 5 right now.

    Introduced in 2022, the 10.9-inch Apple iPad Air 5 is the latest in the lightweight iPad Air line. The iPad Air 5 offers performance up to 60% faster than the prior model, thanks to Apple’s turbo-charged M1 chip. The device boasts a 12 MP wide-angle back camera that supports 4K video. It also offers touch ID, and Apple’s Liquid Retina display.

    Choose from five colors. 

    Apple iPad Air 5 (64 GB), $559 (regularly $599)


    Lenovo Tab M8: $69

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    Walmart


    If you’re looking for an affordable tablet this holiday season, check out the Lenovo Tab M8. The tablet offers an eight-inch HD display that’s great for streaming videos. The battery life is fairly long, with up to 15 hours of video playback on a single charge. The tablet also comes with a built-in kids-mode with Google Kids Space, making it a great gift for children.

    Lenovo Tab M8, $69 (reduced from $119)


    Samsung Galaxy Tab A8: $149

    Galaxy Tab A8

    Samsung


    The top-rated Galaxy Tab A8 offers a 10.5-inch LCD display, 32 GB of storage and fast-charging capabilities.

    Now on sale at Walmart for $149, the Galaxy Tab A8 is a great budget tablet for gifting.

    Samsung Galaxy Tab A8 (32 GB), $149 (reduced from $199)


    4moms RockaRoo baby rocker: $100

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    Walmart


    This top-rated baby rocker is on sale now for $70 off. It provides a soothing front-to-back gliding motion that babies love with 5 range of motion options to choose from. It also features a toy mobile with removable toys to keep your baby entertained and a safety strap fastener for secure rocking.

    4moms Rockaroo baby rocker, $100 (reduced from $170)


    Roku Ultra LT 4K streaming device: $45

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    Walmart


    This compact streaming device lets you stream your favorite shows and movies from streaming services like Paramount+.HBO Max, Netflix and more in 4K. The Roku interface is fast and easy to navigate. Right now, you can get this device for only $44.

    Roku Ultra LT 4K streaming device, $45 (reduced from $80)


    Febfoxs baby monitor: $25

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    Walmart


    These 4.6-star-rated baby monitor and indoor camera offers 1080p video quality and two-way audio. It features 360-degree tracking for a clear view of the whole room. Right now you can get this camera on sale for only $25 at Walmart.

    Febfoxs baby monitor, $25 (reduced from $70)


    The Pioneer Woman 12-piece ceramic cookware set: $89

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    Walmart


    CBS Essentials readers haven’t been able to get enough of The Pioneer Woman cookware and kitchen items this holiday season. Now, Walmart has discounted this ceramic cookware set from the best-selling brand in time for the holidays. The set includes twelve items; a one-quart saucepan, a three-quart saucepan with lid, a 4.5-quart saute pan with lid, a five-quart Dutch oven with lid, 8″ and 10″ skillets, an egg pan, an acacia woodturner and an acacia wood ladle.

    The Pioneer Woman 12-piece ceramic cookware set, $89 (reduced from $99)


    Best online clearance deals at Walmart

    Shop these major clearance deals now for even more savings. Walmart has a ton of great clearance items that are up to 65% off now.

    The Pioneer Woman puffer jacket: $20 (save $20)

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    Walmart


    Puffer jackets are one of the hottest winter trends this year, and right now you can get this cozy puffer from The Pioneer Woman for 50% off. The puffer jacket is reversible with a vibrant quilted pattern on one side and a cozy sherpa material on the other.

    The Pioneer Woman puffer jacket: $20 (reduced from $40)


    The Pioneer Woman 4-piece comforter set: $25

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    Amazon


    This adorable four-piece bedroom set comes with one comforter, two shams, and one decorative pillow. The set comes in two sizes; full/queen and king.

    The Pioneer Woman 4-piece comforter set, $25 (reduced from $69)


    Hoover Power Dash pet carpet cleaner: $62

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    Walmart


    The Hoover Power Dash pet carpet cleaner features a dual-tank water system, fast heated drying and a removable nozzle. Includes a power spin brush roll and two cleaning solution pods to get you started.

    Hoover Power Dash pet carpet cleaner, $62 (reduced from $119)


    Shark EZ robot vacuum with self-emptying base: $248

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    Shark via Walmart


    This 4.4-star-rated Shark EZ robot vacuum cleans your whole home in neat rows. It lacks the advanced smarts of more expensive robot vacuums, but this is one of the most affordable robot vacuums with a self-emptying base you’ll find.

    This Shark model comes with a 30-day capacity cleaning base.

    Shark EZ Robot vacuum with self-emptying base, $248 (reduced from $450)


    Gateway Notebook touchscreen 2-in-1 laptop: $159

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    Walmart


    This two-in-one device features an 11.6-inch touchscreen display and a precision touchpad. It comes with 4 GB of RAM and 64 GB of storage. The Gateway Notebook runs on Windows 10 and right now it’s only $159.

    “Excellent laptop for the price,” wrote a Walmart customer who purchased the device. “I use it almost completely to run basic games. It runs Roblox and RuneScape Classic, OldSchool RuneScape very well. I have no complaints with it, it’s an amazing laptop, especially for such a low price!”

    11.6″ Gateway Notebook touchscreen 2-in-1 laptop, $159 (reduced from $199)


    Decathlon Rockrider 21-speed mountain bike: $128

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    Walmart


    Looking to get active or spend more time outdoors in 2023? Check out this deal on the Decathlon Rockrider 21-speed mountain bike.

    This 21-speed mountain bike features a 100% aluminum frame that is lightweight, yet durable. The bike’s 80mm front suspension lets you overcome obstacles on slightly uneven trails. This bike is a great starter mountain bike, and right now it is on clearance for $220 off.

    Decathlon Rockrider 21-speed mountain bike, $128 (reduced from $348)


    27″ Asus TUF gaming monitor

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    Walmart


    The Asus TUF gaming monitor is on sale right now at Walmart for over $100 off list price. It boasts a 1080p HD display, 1-millisecond response time and a 165 Hz refresh rate. The monitor provides high-quality visuals with enhanced details in dark areas of a game.

    37″ Asus TUF gaming curved monitor, $190 (reduced from $299)


    Serta bed pillow set: $20

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    Walmart


    This four-pack of super comfy Serta pillows is on clearance now for only $20. The pillows are made with a soft-knit fabric and a premium down-like fill to give you a great night’s sleep.

    Serta bed pillow set, $20 (reduced from $40)


    Bomaker portable Wi-Fi projector: $70

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    Walmart


    This Bomaker portable Wi-Fi projector is great for at-home movie nights. It provides vivid sharp projectors indoors or outdoors with a 9000:1 contrast ratio. 

    “I was so impressed the first time I powered the Bomaker up and projected to a plain white wall in my unfinished basement. I could not believe the clarity and the huge projected screen.” writes one Walmart reviewer.

    Bomaker portable Wi-Fi projector, $70 (reduced from $160)


    Serta pushbutton faux leather power recliner: $295

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    Walmart


    Walmart reviewers say this 4.2-star-rated Serta power recliner, on clearance now, is perfect for those who are shorter. 

    “These chairs seem extremely sturdy but comfortable,” says one Walmart reviewer. “I am 5’5″ and these chairs were extremely comfortable. The power recline is smooth and motor is quiet. Would recommend to anyone looking for an affordable power recliner.”

    Includes a one-year warranty.

    Serta pushbutton faux leather power recliner, $295 (reduced from $499)


    Kenmore smart charcoal grill: $197

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    Walmart


    Planning to grill for the big game or a President’s Day weekend get-together? Then check out this Kenmore smart grill. It has Bluetooth capabilities and allows you to easily set times, monitor four meat probe temperatures and view the ambient grill temp gauge right from your phone.

    “The smart device is super easy to use. Connect with the Kenmore app and pick your meat type, temperature and doneness. It also notifies you when the meat reaches your set temperature. [It’s] perfect for those who like to multi-task.” shared one reviewer.

    Kenmore smart charcoal grill, $197 (reduced from $350)


    HP DeskJet 4175e all-in-one wireless color inkjet printer: $69

    hp-deskjet-4175e-all-in-one-wireless-color-inkjet-printer.jpg

    Walmart


    This affordable HP inkjet printer with Wi-Fi functionality prints up to 8.5 pages per minute in black and 5.5 pages per minute in color. The purchase includes a free 12-month subscription to HP Instant Ink, which allows you to print up to 700 pages a month via automatic ink delivery. 

    HP DeskJet 4175e all-in-one wireless color inkjet printer, $69 (reduced from $119)


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  • Pharmacies CVS, Walmart and Walgreens to reduce hours as staffing challenges persist

    Pharmacies CVS, Walmart and Walgreens to reduce hours as staffing challenges persist

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    CVS cutting down, adjusting pharmacy hours in two-thirds of stores


    CVS cutting down, adjusting pharmacy hours in two-thirds of stores

    00:37

    CVS and Walmart are reducing their pharmacy operating hours across the U.S. to improve employees’ work-life balance as the chains continue to struggle with staffing shortages in the wake of the COVID-19 pandemic.

    CVS said it will be “adjusting hours in select stores” come spring, as part of a periodic review of “operating hours to make sure we’re open during peak customer demand.” The move will affect roughly two-thirds of the company’s approximately 9,000 retail pharmacies beginning in March, a company spokesperson said in a statement to CBS MoneyWatch. 

    CVS, which is the largest pharmacy chain in the U.S. by revenue, said it’s making the schedule changes in order to “ensure our pharmacy teams are available to serve patients when they’re most needed,” a CVS spokesperson said. “If a pharmacy is closed, a patient can visit any open CVS Pharmacy location for assistance with their immediate prescription needs,” the spokesperson added.

    Walmart reduces hours, raises pay

    Walmart also said it’s cutting hours at its pharmacy locations nationwide to improve “work-life balance” for its associates. 

    Walmart pharmacies will be open from 9 a.m. to 7 p.m. Monday through Friday. Previously they were open until 9 p.m. on weekdays. 

    “Walmart is committed to helping our associates live better. Walmart has a strong and incredible pharmacy team, and we are making this change to not only enhance their work-life balance but also to maintain the best level of service for our customers,” Walmart said in a statement to CBS MoneyWatch. 

    Walmart said it’s making the schedule change based on feedback from pharmacy staff and customers. 

    “By positioning our teams in the hours where our customers say they want to visit our pharmacy, we are better able to deliver excellent customer service and support our associates as they continue to serve their communities every day,” Walmart said. 

    In mid-June, Walmart announced higher wages for more than 36,000 pharmacy technicians, raising their average hourly pay to more than $20.

    Walgreens hires more pharmacists, raises pay

    A spokesperson for the Walgreens pharmacy chain, the second largest in the U.S., also said it has had to adjust pharmacy hours over the past 12-plus months due to staffing challenges. 

    Walgreens added that it has hired thousands of pharmacists as well as increased pharmacy workers’ pay to address ongoing staffing issues. It said the efforts are working and the issues are subsiding. 

    “We have seen positive staffing trends for the past several months as we work to return more stores to normal operating hours,” Walgreens said. 

    Pharmacies aggressively hired pharmacists and pharmacy technicians starting in February 2021, when COVID-19 vaccines were first made available to the general public, to accelerate efforts to inoculate as many people as possible. Pharmacist job postings surged and drugstore chains offered hefty signing bonuses of up to $20,000.

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