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Starting today, Walmart employees across the country will receive bonuses up to ,000. A press release states that employees could get a one-time bonus of up to ,000 and a fourth-quarter bonus based on their store's sales performance. Walmart has also expanded its paid leave policy, offering full-time hourly employees 10 weeks of paid maternity leave and six weeks of paid parental leave.  417

The BlackBerry phone, which many of us probably thought was a thing of the past, is officially coming back.OnwardMobility announced on Wednesday that the phone would be manufactured by FIH Mobile, which is a subsidiary of Foxconn Technology.“Enterprise professionals are eager for secure 5G devices that enable productivity, without sacrificing the user experience,” said Peter Franklin, CEO of OnwardMobility in a press release. “BlackBerry smartphones are known for protecting communications, privacy, and data. This is an incredible opportunity for OnwardMobility to bring next-generation 5G devices to market with the backing of BlackBerry and FIH Mobile.”No details of the new phone are known, but it will run on the Android operating system, the company said.The company added that it would have "government-level security.""BlackBerry is thrilled OnwardMobility will deliver a BlackBerry 5G smartphone device with a physical keyboard leveraging our high standards of trust and security synonymous with our brand," said John Chen, Executive Chairman and CEO, BlackBerry, in the release. "We are excited that customers will experience the enterprise and government level security and mobile productivity the new BlackBerry 5G smartphone will offer.”The 5G BlackBerry device will debut sometime next year. 1317

STOCKHOLM – Greta Thunberg showed support for Democratic presidential nominee Joe Biden in a rare political tweet Saturday.The 17-year-old environmental activist wrote that she doesn’t usually engage in party politics, but the upcoming U.S. election “is above and beyond that.”“From a climate perspective it’s very far from enough and many of you of course supported other candidates. But, I mean…you know…damn!” wrote Thunberg. “Just get organized and get everyone to vote #Biden.”In the same tweet, Thunberg shared an editorial piece from Scientific American that says, “choosing Donald Trump for president is choosing fiction over fact – a fatal mistake.” In September, the publication broke with its 175-year tradition of not endorsing presidential candidates and backed Biden.Thunberg has become a face of the movement to combat climate change.Thunberg has also been criticized by Trump in the past. When the activist was named Time’s Person of the Year in 2019, the president mocked her, saying she needed to “work on her anger management problem, then go to a good old-fashioned movie with a friend.”Trump has publicly dismissed the science on climate change. Last month, he said “I don’t think science knows” what it’s talking about regarding global warming and the resulting worsening of wildfires, hurricanes and other natural disasters. 1355

That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.The Dow Jones sunk nearly 800 points on Tuesday, nearly a three percent drop.The S&P 500 declined 2.5%, while the Nasdaq tumbled 3%.Big tech stocks fell sharply. Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL) lost more than 3% apiece.The selloff wipes out Monday's 288-point jump on the Dow. That rally had been fueled by relief over the ceasefire between the United States and China on the trade front.But investors are quickly realizing that the US-China trade war is not over. The tariffs already put in place remain. And new tariffs could be implemented if the two sides fail to make progress."People are still very concerned about the trade war," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. "Financial markets are increasingly showing signs of fear of a recession."President Donald Trump did not help Wall Street's trade war worries on Tuesday. Trump said that he would "happily" sign a fair deal with China but also left open the possibility that the talks will fail."President Xi and I want this deal to happen, and it probably will," Trump tweeted. "But if not remember... I am a Tariff Man."Those words aren't likely to bolster confidence among investors already worried about the negative consequences of the trade war. Steel and aluminum tariffs have lifted raw material costs and caused disarray in supply chains. And uncertainty about trade policy makes it very difficult for companies to make investment decisions.Investors have also grown very worried in recent days about fluctuations in the bond market. The gap between short and long-term Treasury rates has narrowed significantly this week. Before almost every recession, the yield curve has inverted, meaning short-term rates are higher than long-term ones.The gap between the 10-year and two-year Treasury yields dropped on Tuesday to the smallest since just before the Great Recession. And the less closely watched gap between three and five-year Treasury yields inverted on Monday.The tightening yield curve reflects fears about a growth slowdown and concerns about whether the Federal Reserve is raising interest rates more quickly than the economy can handle. Fed chief Jerome Powell gave a speech last week that investors interpreted as signaling the central bank could slow its rate hikes. However, there is a debate over whether Powell really was telegraphing a sudden change.Barry Bannister, head of institutional equity strategy at Stifel, predicts the Fed will pause its rate hikes because it has already made monetary policy too tight. He pointed to the slowdown in the housing market caused by higher mortgage rates."It's playing with fire to be too tight and risk an inversion because you don't know what the outcome will be," Bannister told reporters on Tuesday. "Even if the Fed pauses, they may have already done too much."A flattening yield curve and slowing economic growth hurt the profitability of banks.The financial sector was the second-worst performer in the S&P 500 on Tuesday. Bank of America (BAC), Morgan Stanley (MS) Citigroup (C) and Wells Fargo (WFC) declined more than 4% apiece.But Suzuki cautioned that the markets could be overreacting. He pointed to strong corporate profits and the fact that the yield curve has not yet inverted."We don't see signs of an impending recession," Suzuki said. "There is a widening gap between market fear of a deterioration in the fundamentals and the actual fundamentals themselves." 3558

Studies have shown that the coronavirus is more likely to spread between people indoors. With the weather beginning to turn, it's going to be more difficult to dine and congregate outdoors — and with many heading inside, Dr. Anthony Fauci, the nation's top infectious disease expert, warns that Americans need to be more vigilant than ever against the spread COVID-19.During an appearance at a Harvard Medical Panel on Thursday, Fauci warned that Americans will need to "hunker down" during what will be a "difficult" fall and winter if the country wants to avoid another spike in COVID-19 cases."I just think we need to hunker down and get through this fall and winter," Fauci said. "Because it's not going to be easy. We know every time we restrict, we lift restrictions we get a blip. I mean, it's getting whack-a-mole."Fauci added that he's not looking forward to the coming months, adding that it's "quite frankly depressing." But he said that it's essential for Americans to keep their guards up."Don't ever, ever underestimate the potential of the pandemic. And don't try and look at the rosy side of things," Fauci said.During Thursday's panel, Fauci and the event's host, Dr. Sanjay Gupta, described five steps Americans could take over next month and half that would significantly reduce the spread of COVID-19.Wear a maskKeep social distanceAvoid large gatheringsConsistent handwashingA shutdown of bars and similar businesses — while allowing outdoor seating"As long as you have any member of society and demographic group that's not trying to get to the end game of suppressing this, it will continue to smolder and smolder and smolder."Despite the concerns about a winter spike, Fauci says he doesn't believe that the U.S. will need to go into another shutdown, adding that the country would need to pull together to keep transmission levels down."I am cautiously optimistic. I do have an abiding faith in the American spirit," Fauci said. 1961