At a moment when regulators, politicians and consumers are railing against companies getting too big, one behemoth has been growing under the radar: Walmart.
The big picture: Walmart already had its turn as the corporate villain in the 1980s. Now, as tech companies bear the brunt of the scrutiny, the retail giant is amassing wealth — earning $514.4 billion in revenue, the most of any company on Earth, in 2018.
In his yet-to-be released book, investigative reporter Ronan Farrow recounts the difficulties he faced while chasing the Harvey Weinstein story, his fallout with NBC News, and the "untold story of one of the secret heroes of the #MeToo movement."
The big picture: "Catch and Kill: Lies, Spies, and a Conspiracy to Protect Predators," is scheduled for release on Oct. 15. The book covers "the rampant abuse of power and sheds far-reaching light on investigations that shook our culture," according to its listing on Amazon.
Fitbit Inc., which produces wearable fitness devices, will move its production out of China in January amid the ongoing U.S.-China trade war, Reuters reports.
The big picture: In June, Fitbit joined a group of more than 600 companies to pen a letter in opposition to the trade war, specifically regarding President Trump's plan to continue raising tariffs on Chinese products.
The United Auto Workers (UAW) strike against GM is now 24 days old, with the UAW's chief bargainer telling members Tuesday evening that job security remains a key sticking point.
Why it matters: The economic damage is spreading. In addition to the 49,000 striking workers, another 100,000 non-UAW employees at GM and its suppliers are out of work because there's nothing for them to do, according to Anderson Economic Group.
Former co-host of NBC's "Today" show Matt Lauer on Wednesday responded to new allegations of workplace sexual misconduct detailed in Ronan Farrow’s new book “Catch and Kill,” according to the Hollywood Reporter.
Why it matters: Lauer said his silence amid the accusations "has been a mistake" and that the women who have made claims of misconduct have "shielded themselves from blame behind false allegations." NBC fired Lauer in Nov. 2017.
Saudi Aramco is expected to publish its IPO prospectus before the end of this month, the Wall Street Journal reported Tuesday evening, citing anonymous sources familiar with the matter.
Why it matters: It's another sign that kingdom officials are planning to proceed with an offering of shares in the state oil giant after years of delays and uncertainties.
Investigative reporter Ronan Farrow’s new book “Catch and Kill” alleges that former co-host of NBC's "Today" show Matt Lauer raped colleague Brooke Nevils at the 2014 Sochi Olympics, according to Variety magazine.
Why it matters: NBC News fired Lauer in 2017 following a "detailed complaint from a colleague about inappropriate sexual behavior in the workplace" filed by Nevils, but NBC executives emphasized that the incident hadn’t been criminal or an assault.
Former U.S. Attorney Joseph diGenova told Fox News' Laura Ingraham on Tuesday that Democrats are committing "regicide" against President Trump and called the Ukraine whistleblowers "suicide bombers."
September's producer price index reading was significantly weaker than forecast. The index of wholesale goods and services came in well below expectations on both month-over-month and year-over-year metrics.
By the numbers: The overall headline reading fell to its lowest level in 3 years, while the core figure, which strips out volatile food and energy prices, reached its lowest level in 2 years.
President Trump's campaign has poured millions of ad dollars into issues that resonate with his base. Immigration was the driver. Now, it's impeachment.
Why it matters: This is a stark reflection of Trump's fight-like-hell gambit.
Tariffs imposed by President Trump have so far cost U.S. corporations $34 billion, according to data compiled by Tariffs Hurt the Heartland — a coalition of businesses and trade groups that oppose the tariffs — provided first to Axios.
Why it matters: Trade negotiations are set to resume Thursday, and corporate America is hoping the U.S. and China — whose tit-for-tat battle has cost companies the most — strike a truce.
