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The nation’s largest company in terms of revenue would likely have to hike prices if President-elect Donald Trump enacts his proposed tariffs.

Walmart’s chief financial officer told CNBC that “There probably will be cases where prices will go up for consumers,” though he noted the company would work with its suppliers to try and bring prices down. Trump has backed a roughly 10% tax on all imports and 60% tax on Chinese imports, a move economists have warned would be inflationary.

As higher costs have already lingered after the pandemic, economists at Bank of America and Goldman Sachs predict Trump’s tariffs would increase annual inflation by 0.3 to 0.4 percentage points.

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Nvidia shares surged ahead of its quarterly earnings release slated for Wednesday, which will have sweeping ramifications for the hot but rocky stock market. Bank of America strategists said the AI juggernaut is the “most dominant” and “most important stock in the market,” and Wall Street expects another blowout quarter for the company.

Jersey Mike's owner and CEO Peter Cancro

Private equity firm Blackstone announced it reached an agreement with Jersey Mike’s owner Peter Cancro to acquire a majority of the sandwich chain, in a deal reported to value Jersey Mike’s at $8 billion. A deal with the $220 billion investment powerhouse would mark a huge change for the sandwich chain, which has been 100% owned by Cancro since 1975.

Phil Venables, chief information security officer of Google Cloud and an honoree on the 2024 Forbes CIO Next list, has become a sort of AI and cybersecurity whisperer for colleagues in similar roles, and his potential customer pool is massive. Google Cloud is the third largest cloud provider in the world, with clients that include major........

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