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Breitbart Business Digest: The Inflation Tax Hits Walmart

When inflation increases the cost of necessities like food and energy, it draws spending away from other parts of the economy. This dynamic – often referred to as the “inflation tax” – is now expected to take a big bite out of Walmart’s earnings.

A Wal-Mart employee walks through a parking lot as she returns to work at a Wal-Mart store

Walmart to Pay 100% of College Tuition and Books for Employees in ‘Live Better U’ Program

Walmart announced on Tuesday that it will “pay 100% of college tuition and books” for its employees seeking additional education through the company’s Live Better U (LBU) program. The company states that 1.5 million employees will be able to earn college degrees or learn trade skills at zero cost to themselves. Previously, the LBU program was offered at low costs but Walmart workers still shoulders part of the education costs themselves.

Walmart Employee

Walmart to Give 740,000 Employees a Free Samsung Smartphone

Retail giant Walmart is set to give 740,000 employees free Samsung smartphones by the end of the year so they can use a new app to manage schedules and perform a wide variety of other tasks in the store. Employees will be free to use the phone for their personal business as well.

Walmart