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Walmart’s army of bakery decorators take the cake when it comes to hourly store pay

Walmart’s army of bakery decorators take the cake when it comes to hourly store pay

NEW YORK (AP) — The school graduation season is the busiest time of year for the Walmart workers who hand-decorate cakes per customers’ orders. The cakes and optional fillings come pre-baked and frozen from suppliers, but the nation’s largest retailer holds a big slice of the American custom cake market. The company says one out of four cakes sold in the U.S. comes from Walmart, and that its workers will collectively decorate more than 1 million cakes during May and June. The discount retail chain’s 6,200-strong army of icing artisans are Walmart’s highest paid hourly workers, excluding store managers. Detractors on social media have accused the decorators of stealing ideas and undercutting professional cake artists with inexpensive products.… Continue Reading

Stock market today: Nvidia and Walmart drive US indexes higher

Stock market today: Nvidia and Walmart drive US indexes higher

NEW YORK (AP) — Nvidia helped pull U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war. The S&P 500 rose 0.4% Tuesday. The Nasdaq composite also erased an early loss to turn 1% higher, while the Dow Jones Industrial Average slipped 0.3%. Nvidia rallied ahead of its profit report for the latest quarter, which is coming on Wednesday. Strategists say it appears to be the most anticipated event left on the calendar this year for Wall Street. Walmart rose after topping profit forecasts, while Treasury yields eased.… Continue Reading

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