Category: Walmart
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Walmart stock gets pummeled — here’s what Wall Street is chatting about in the aftermath
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Walmart (WMT) investors were arrested asleep upon switching. The stocks recorded the worst day in more than the year on Thursday, when they made 6.23 %, as retail stores surprised investors with weak expectations 2025. The shares did not change relatively in the pre -market trade on Friday. The session…
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S&P 500, Dow, Nasdaq slip as Walmart sinks on cautious outlook
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MGM’s MGM (amzn) studios control the Falls of James Bond, where the company is looking to deepen its site in broadcasting wars, The company announced on Thursday. The studio will form a joint project to acquire intellectual property rights from producers Barbara Brocoli and her husband Michael Wilson. The couple,…
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Walmart Inc. (WMT) Stock Forecasts
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summary The US economy is strong as we begin 2025 and Trump’s second presidency. We expect to see Q4 GDP rise by 2.8% and 2024 GDP grow by approximately 2.6%. At the beginning of 2024, we forecast 1.7% growth for the year. We expected personal consumption expenditures to average about…
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Walmart Inc. (WMT) Stock Forecasts
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summary The US economy is strong as we begin 2025 and Trump’s second presidency. We expect to see Q4 GDP rise by 2.8% and 2024 GDP grow by approximately 2.6%. At the beginning of 2024, we forecast 1.7% growth for the year. We expected personal consumption expenditures to average about…
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Asda faces financial challenges as £900m Walmart repayment looms
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Concerns are growing about Asda’s financial stability, with the UK supermarket giant facing a £900m repayment to its former owner, Walmart, by 2028. The repayment, which includes £500m for the remaining stake in Walmart and £400m in interest, has prompted credit rating agency Fitch to warn of a possible overhaul…
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Walmart scales back diversity initiatives after pressure from conservative activist
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Walmart, the world’s largest retailer, announced it will no longer consider race and gender policies when awarding supplier contracts after facing pressure from conservative activist Robbie Starbuck. The company is backing away from several diversity, equity and inclusion (DEI) initiatives after criticism that they hurt certain groups. As part of…
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Walmart must pay a truck driver $35 million after firing him and accusing him of fraud after an accident
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Walmart must pay one of its former truck drivers $35 million after a jury found the retailer falsely accused him of workers’ compensation fraud. A San Bernardino County jury said in a two-part verdict filed last week that former Walmart driver Jesus “Jesse” Fonseca is owed… $25 million in punitive…
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Walmart is attracting wealthier customers by selling dupes of expensive products
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Since its inception, Walmart has been a beacon for bargain shoppers. But now the retailer known for its low prices is appealing to a new demographic: customers who earn more than $100,000 a year. Walmart, the world’s largest retailer, reported a strong third-quarter performance, and its CFO partly credits this…
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Walmart adds tiny houses to its catalog
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Big box retailers seem to have everything for the home these days, including the home. Walmart has started selling tiny homes, months after Amazon showed off unusually stylish pop-up dwellings. “Expandable Prefabricated House” from Chery Industrial Company It cost you $15,900 For 19 x 20 ft option. That’s significantly less…
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Beds sold at Amazon, Walmart recalled due to collapse hazard
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Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart across the United States and Canada are being recalled because they can collapse, posing a risk of falls and injury. CVB Inc., a Utah-based importer, is recalling Lucid-branded platform beds with square padded headboards, it said Thursday. Notifications…
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Alice Walton sells over $170 million in Walmart stock By Investing.com
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In a notable move in the retail sector, Alice Walton, a major shareholder in Walmart Inc. (NYSE: ), has sold a significant portion of her stake in the company. Recent transactions revealed that Walton sold a total of 2,219,617 shares of Walmart stock, worth more than $170 million. The sales…
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Walmart recalls apple juice sold in 25 states due to elevated arsenic levels
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Walmart has recalled nearly 10,000 cases of apple juice sold in stores across the United States that were found to contain potentially harmful levels of inorganic arsenic. The FDA gave the recall a more urgent designation on Friday after originally announcing it on Aug. 15. The new designation said the…
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Walmart Is Seeking Up to $3.74 Billion in Sale of JD.com Stake
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(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com, ending an eight-year partnership in a retail powerhouse now struggling with an economic slowdown and intense competition. Most Read from Bloomberg The U.S. retailer is offering 144.5 million…
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Walmart offered six endorsements on the health of the US and global consumer
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The combination of the July U.S. retail sales report and comments from Walmart executives is a powerful statement about the health of the American and global consumer. It has better data than any U.S. statistical agency, and it is often forthright about what it sees. Here are some quotes from…
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The focus will shift to the US consumer with retail sales and Walmart earnings Thursday
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On Thursday, the focus of U.S. markets will shift from inflation to consumer health. Interest rates are starting to weigh on the market as a number of major companies, including Home Depot and McDonald’s, announce spending cuts. Spending so far appears to have been hit hardest in interest-rate sensitive areas,…
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Hard hats or party hats? Walmart earnings could shake up the retail sector (NYSE:WMT)
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Marvin Samuel Tolentino Pineda Walmart (New York:WMT) is heading into its earnings report on August 15 with high expectations after a 29% year-to-date surge. Consensus estimates from analysts are calling for Walmart (WMT) to report revenue of $167.3 billion, earnings per share of $0.65, and comparable sales growth in the…
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Walmart is in the spotlight as investors eye defensive names amid market turmoil
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Various photography/iStock Editorial via Getty Images Walmart (New York:WMT) barely moved in early trading Monday, despite a global selloff that rattled investors. The carnage began in Japan, where the Nikkei 225 index plunged 13.2% in its worst session since the 2011 Fukushima nuclear meltdown. Adding to the concerns The Bank…
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Walmart is replacing its price labels with digital screens—but the company swears it won’t use it for surge pricing
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Sticker shock has taken on a whole new meaning in retailers and grocery stores. This is because sticker price tags are becoming obsolete, being replaced by “digital shelf labels” or DSL. Traders have been trying to figure out how to deal with changes in consumer behavior due to inflation for…
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HP Enterprise event, Walmart+ Week, Pure Storage buzz, and triple-witching volatility
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