Cheddar afternoon business report 11/13: Walmart charging more online for some productsPosted: Updated:
Top afternoon business and technology headlines for Nov. 13, 2017:
- Wall Street bonuses are bouncing back. Johnson Associates Inc. says bonuses will climb by about 10 percent this year, according to a business insider. Bank stocks have been rallying since the election on hopes that President Trump will ease regulation on the financial industry and cut taxes for businesses.
- Buying online could cost you. Walmart is charging more for some products on its website compared to in its actual store including Kraft macaroni & cheese, Colgate toothbrushes and some pet food. It's a surprising move because Walmart has been trying to beef up its e-commerce business to better compete with Amazon.
- Too chilly outside to take out your wallet? Visa is introducing 'payment-connected gloves' on sale at the winter Olympics in South Korea. The gloves have a chip that allows wearers to pay with a swipe of the hand.