A GameStop store in the Koreatown area of Los Angeles. Jim Bell, the company’s chief financial officer, who joined the company in mid-2019, is leaving.Credit...Philip Cheung for The New York TimesGameStop’s chief financial officer, Jim Bell, is leaving the company in late March, following a stock-trading frenzy that briefly sent shares in the video game…
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Hong Kong (CNN Business)HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between the United Kingdom and China. It's also bringing back its dividend, a sign that it's optimistic about its ability to navigate the year ahead. The…
Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup. The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction…
Walmart Inc. said it would raise wages for about 425,000 of its employees after a year in which the Covid-19 pandemic boosted its business and demand for workers who handle online orders. The company reported strong holiday sales but predicted slower growth and higher spending this year. U.S. comparable sales, or those from stores and…
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Last week, during a series of votes on amendments to the Senate’s budget resolution, eight Democrats signed onto an amendment aimed at prohibiting undocumented immigrants from receiving Covid-19 stimulus checks—a redundant measure that might have threatened payments to their spouses and children, according to Democrats like Senate Majority Whip Dick Durbin. Arizona’s Kyrsten Sinema and…
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