Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
Expect to see more colored tops and denim at Walmart.
Workers in a select number of the retailer's stores are now allowed to wear blue jeans, instead of what used to be just khaki pants or black denim, an internal memo sent around to employees said. They're also now allowed to wear shirts in any solid color, instead of just blue or white.
Bloomberg first reported on the changes Thursday morning.
It's still unclear if the new dress code will stick and eventually roll out to more stores and for more of Walmart's employees. A more lax uniform is one way for the retailer to appease its staff and keep them motivated to work for Walmart.
"We are always testing new ideas and concepts in a small number of our stores," a Walmart spokesman told CNBC. "Some of these tests are expanded while others are retired. We won't know next steps on this test until we've had a chance to learn what works and what could work better."
Earlier this year, Walmart said it would hike its starting wage to $11 an hour and give some employees bonuses in light of new tax legislation. The decision followed similar moves by Target, Gap and Costco, all of which have been sweetening benefits.
The U.S. unemployment rate currently sits at 4.1 percent, down from 5.7 percent in 2015. With a shrinking pool for labor, retailers are competing for the best talent and fighting to retain their own.