walmart Walmart and Oracle Secure Tentative Deal to Acquire Stake in TikTok Global Walmart and Oracle announce a tentative agreement to purchase a 20% combined stake in a newly created, US-based company called TikTok Global. The deal promises thousands of new American jobs and aims to integrate Walmart's e-commerce services with the popular video app.
tiktok Trump Gives Preliminary Approval to Oracle and Walmart TikTok Partnership President Trump backs a new deal allowing Oracle and Walmart to take minority stakes in TikTok, averting an immediate U.S. shutdown. The agreement promises new jobs, a future IPO, and a $5 billion education contribution.
tiktok Trump Backs Oracle-Walmart Partnership to Keep TikTok Operating in US President Trump gives his conceptual blessing to a deal allowing TikTok to stay in the US through a partnership with Oracle and Walmart. The agreement promises to make the app entirely US-based and create 25,000 new jobs.
tesla Tesla Thwarts Ransomware While Xpeng Raises $1.5 Billion in US Debut Today's top tech news includes Elon Musk confirming a foiled cyberattack on Tesla and Chinese electric vehicle startup Xpeng Motors raising $1.5 billion. Other major stories cover Walmart teaming up with Microsoft to pursue TikTok and Facebook's ongoing battle with Apple over ad tracking.
oracle Oracle and Walmart Secure Tentative Approval for TikTok Global Partnership The U.S. government grants tentative approval for a landmark deal where Oracle and Walmart acquire a 20% stake in a newly formed, U.S.-based TikTok Global. The agreement mandates that all American user data moves to Oracle's secure cloud infrastructure.
tiktok Oracle and Walmart Secure Ownership Stakes in New TikTok Global Entity Oracle takes a 12.5% equity stake and Walmart secures 7.5% in the newly formed TikTok Global as part of a deal approved by President Trump. The new U.S.-based entity promises to pay over $5 billion in new tax dollars to the U.S. Treasury.
amazon May Day Strikes Hit Amazon, Instacart, and Target Over Virus Safety Essential workers at major retailers and delivery companies stage a coordinated May Day strike to demand better coronavirus protections. The protesters urge customers to boycott the affected services for the entire day.
walmart Walmart Launches Premium Express Grocery Delivery to Cut Pandemic Wait Times Walmart introduces a new "Express" grocery delivery service that allows customers to pay a $10 premium to skip long lines and receive their orders in two hours or less. The service responds to massive pandemic-driven demand that leaves standard delivery slots booked out for days.
coronavirus Major Retailers Like Nike and Apple Shut Stores Amid Coronavirus Spread A growing list of major retailers, including Apple and Nike, temporarily closes physical stores worldwide to slow the coronavirus outbreak. While apparel shops halt operations, essential grocers like Walmart reduce hours to restock and clean.
whisk New App Whisk Tackles Recipe Clutter With Smart Grocery Delivery Whisk launches a cross-platform recipe organization tool that automatically extracts ingredients from saved URLs and sends them directly to delivery services like Walmart and Instacart.
walmart Walmart Drops Solar Panel Fire Lawsuit Against Tesla After Settlement Walmart and Tesla resolve a legal dispute over rooftop solar panel fires that affected seven retail stores. The companies now plan to safely reactivate the sustainable energy systems.
amazon Amazon Eliminates Monthly Fee for Fresh Grocery Delivery Amazon makes grocery delivery free for Prime members by dropping its $14.99 monthly Amazon Fresh fee. The strategic move aims to boost usage and compete directly with Walmart and other delivery services.
walmart Walmart Halts E-Cigarette Sales Amid Vaping Health Crisis Walmart is pulling electronic cigarettes from its shelves due to mounting health concerns and regulatory uncertainty surrounding vaping. The decision follows a surge in lung injuries and actions by other major retailers to restrict tobacco sales.
walmart Walmart Halts Handgun Ammunition Sales After Recent Mass Shootings Walmart announces it will stop selling handgun ammunition and request that customers no longer openly carry firearms in its stores. The retail giant makes this decision following a series of tragic mass shootings.
walmart Walmart and Tesla Pause Solar Panel Lawsuit to Negotiate Resolution Walmart and Tesla temporarily halt their legal battle over faulty rooftop solar panels to negotiate a potential agreement. The retail giant still keeps the lawsuit on file while both companies seek a safe and reliable path forward.