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The Latest Breaking News from John David Rainey

Half of Americans say they are already cutting back because of tariffs — and that includes summer vacation plans

While Donald Trump demands that companies ‘eat the tariffs’, multiple surveys and polls show that Americans are expecting major price hikes

The Independent UK

Walmart cutting 1500 corporate jobs in major restructure - days after announcing tariffs would increase prices

The big box retailer recently said it would try its best to ‘keep prices as low as we can’ amid Trump’s tariff shakeup

The Independent UK

Walmart responds after Trump says retail chain should absorb his tariff cost

The largest retailer in the U.S. said it would keep prices low for as long as possible

The Independent UK

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How Walmart's CFO uses scenario planning to navigate tariff uncertainty

Walmart expects its prices to increase by the end of May.

Fortune

Walmart’s warning of higher prices puts spotlight on ‘RIM accounting’ practice favored by big retailers

CFO John David Rainey said RIM accounting will accentuate tariff-induced financial swings.

Fortune

Trump orders Walmart to ‘eat the tariffs’ and stop blaming his trade war for rising prices: ‘I’ll be watching’

President lashes out at world’s largest retailer despite claiming his tariffs are tax on foreign countries not U.S. consumers

The Independent UK

GOP Lawmaker Insists Walmart Will 'Lower Prices' Despite Walmart Executive Declaring Trump's Tariffs Are 'Still Too High'

A Republican lawmaker dismissed concerns that Trump's tariffs are driving up prices moments after Walmart's CFO confirmed the tariffs are making goods more expensive.

Latin Times

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Under of a cloud of tariffs, Walmart is the latest retailer to announce price hikes

Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge

The Independent UK

Walmart will have to raise prices this month due to Trump tariffs, execs say

Retailer expects annual sales to continue to rise but ‘we aren’t able to absorb all the pressure’, CEO says

The Guardian - US

Walmart warns that it has to raise prices starting this month as tariffs remain ‘too high’

Walmart’s chief financial officer warned that the ‘magnitude’ of Trump’s tariffs was more than any retailer and supplier ‘can absorb’

The Independent UK

Walmart worries Wall Street by yanking its economic expectations report amid tariff uncertainty

CFO argues company will emerge on other side of uncertainty ‘with greater share and a stronger business’

The Independent UK

Walmart CEO Doug McMillon is a rare beacon of confidence amid tariff woes—and sees a chance to grab market share

“Nothing about the current environment impacts our confidence in our business or our strategy,” McMillon said at the company’s investor day.

Fortune

Walmart CEO Doug McMillon says customers are exhibiting 'stressed behaviors'—and it's already tanked the company's valuation by $22 billion

The retailer’s stock dropped on the news that consumer confidence had hit a 12-year low.

Fortune

Target CEO joins swarm of Fortune 500 retail executives warning of bigger bills as Trump’s tariff fallout hits the grocery aisle

Target shoppers can expect to see price increases on produce “over the next couple of days,” boss Brian Cornell said on Tuesday.

Fortune

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Kiplinger

Stock Market Today: Growth Concerns Drag on Stocks

Forward-looking commentary from a major retailer outweighed its backward-looking results as all three major equity indexes retreated on Thursday.

Fortune

Walmart stock tumbles on lower 2025 guidance given 'uncertain times' in the economy: 'We don't want to get out over our skis here'

Walmart’s stock has been on a tear over the last year.

The Guardian - US

Walmart shares fall upon disappointing forecast, fueling US spending worries

World’s largest retailer expects inflation-weary consumers to pull back after shares hit record high of $105 last week

Fortune

Walmart is selling a $78 dupe of the Hermès Birkin bag that fans say is so realistic it makes the expensive one obsolete

The Kamugo leather handbag is just 1% of the price of the Birkin.

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Fortune

Costco CFO warns Trump’s tariffs could mean widespread price hikes: ‘When it rains, it rains on everybody’

Gary Millerchip became the latest retail executive to admit costs will rise across retail should Trump carry out heavy taxes on imports.

Latin Times

After Mexico, Canada Also Weighs Retaliation Over Trump's Threatened 25% Tariff on Imports

Canada weighs counter-tariffs in response to Trump's plan, which could disrupt trade, harm both economies, and escalate tensions over immigration policies.

International Business Times

Some Of The U.S.'s Favorite Foods And Beers Are At Risk Of Soaring Prices As Tariff War With Mexico Looms

Avocados and strawberries, and beers like Corona and Modelo could see significant price increases should Trump make good on his promise of imposing a 25% tariff on Mexican exports.

Latin Times

Some Of The U.S.'s Favorite Foods and Beers Are At Risk of Soaring Prices As Tariff War With Mexico Looms

Avocados and strawberries, and beers like Corona and Modelo could see significant price increases should Trump make good on his promise of imposing a 25% tariff on Mexican exports

International Business Times UK

Walmart Alerts Shoppers: Expect Price Hikes If Trump's $3 Trillion Tariff Plan Takes Effect

Walmart highlighted during its recent Q3 earnings call that it could raise prices on several of its products if Trump's plan to raise tariffs by 10% on all US imports is implemented during his second term.

Fortune

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

Fortune

Walmart's automation boom means lower delivery costs and better careers, says CFO

Some of the retailer's physically demanding jobs are evolving, John David Rainey told Fortune.

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