A Walgreens executive said Thursday the company may have been too concerned about the surge in thefts and rise in shoplifting attempts last year, CNN reports.
Why it matters: Shoplifting has become a major crisis nationwide, leading to stores closing their doors and locking up mundane items, Axios' Jennifer A. Kingson writes.
Last month the U.S. Supreme Court agreed to take up an appeal by Slack to a lawsuit over its 2019 direct listing, which alleges the company made false statements in its prospectus.
Why it matters: Slack was bought out by Salesforce in a deal worth nearly $28 billion, completed in 2021, but the decision may have ripple effects on other public listings and how unregistered (and registered) shares get marketed and sold.
Elon Musk is doing just fine. His stakes in SpaceX, Tesla, and other concerns have made him the second-richest man in the world. He owns a global social network of awesome power. He's procreating zealously.
Why it matters: Musk attained his current mesospheric heights in large part by leaning into a Great Man narrative that credited him not only with all of his past successes but also numerous wildly optimistic future ones.
If you're the kind of personwho maxes out your 401(k), you're saving an extra $2,000 a year of pre-tax money this year, compared to 2022. That's the largest increase ever, not only in dollar terms but even in percentage terms.
Why it matters: The kind of people who max out their 401(k) are not the people who most need a government incentive to save for retirement — they'd most likely be doing that anyway.
Imagine an electric vehicle. You're probably thinking of something that's fun to drive. That kind of EV is also dangerous, and, especially when it's an SUV, not particularly environmentally friendly.
Why it matters: There's a much better alternative staring us in the face: Electric bikes. But they're too expensive, and that itself is dangerous. Subsidizing them will make them safer.
High egg prices are starting to retreat from December's record highs, but it might take time before you see a difference at the store, experts tell Axios.
Why it matters: While grocery items have broadly gotten more expensive, no food item has been impacted by inflation as much as eggs and their prices often give a clue about the current economic environment.
New York City is gearing up for a potential strike on Monday as roughly 10,000 nurses push for higher salaries and better working conditions, AP reports.
