Business & Markets — August 22, 2026

Walmart adds Apple Pay and Google Pay. After more than a decade of resistance, Walmart will roll out tap-to-pay with Apple Pay and Google Pay at select Walmart and Sam's Club locations starting Monday.

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Broadcom plans $70 billion-plus debt raise. Broadcom is in talks to raise $70 billion to $80 billion in debt for a chip financing deal, sources told CNBC. It would be one of the largest corporate debt raises ever.

The reported borrowing, if completed, would rank among the biggest corporate debt packages on record, a scale CNBC's sources connect to the wave of spending on AI infrastructure. The financing remains under discussion, according to the network, and would support a chip-related transaction whose additional terms were not detailed in the report.

CNBC Top News · Read more →

Treasury intervention undercuts Fed chair. Treasury Secretary Scott Bessent intervened in Treasury markets to lower government borrowing costs. The move is undercutting Fed Chair Kevin Warsh's credibility and stirring inflation worries, MarketWatch reports.

MarketWatch characterizes the move as a surprise, describing the Treasury Department under Bessent as newly activist in its approach to the market for government debt. According to the outlet, the episode raises two connected concerns: damage to the central bank chief's standing and the risk that pushing borrowing costs lower could feed inflation pressures.

MarketWatch · Read more →