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The Latest Breaking News from Walmart

Walmart is cutting 200 corporate jobs as profits fall with inflation

The company warned last month that as Americans tighten their belts on general merchandise to cover basic necessities, profits are expected to decline

The Independent UK

Man arrested after hurling racial slurs at Walmart worker and threatening with knife

Anthony Kane, 32, was charged with intimidation based on bigotry or bias and carrying a dangerous weapon

The Independent UK

Kanye West accuses Adidas of inventing Yeezy Day without his approval

‘Adidas made up the Yeezy Day idea without my approval,’ Ye said

The Independent UK

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Consumer Spending Won't Stop Even As U.S. Economy Sputters, But Big Shift Underway

Consumer spending has held up so far even with the economy sputtering. But a shift from pandemic habits is creating winners and losers.

Investors Business Daily

“I think of them always,” survivor of El Paso Walmart shooting says of those who were killed three years ago

Speaking out for the first time, an El Paso mom recounts the moments from a bank inside the Walmart where 23 people were fatally shot and dozens more were injured in 2019.

The Texas Tribune

Inflation weighs on back-to-school buying for many families

This back-to-school shopping season, parents are focusing on the basics while also trading down to cheaper stores as surging inflation takes a toll on their household budgets

The Independent UK

Beef products sold at Walmart recalled

And this isn't the only food safety recall to be aware of right now

Salon

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How Walmart And Instacart Innovated Retail Media To Beat Competitors

It’s no secret that Amazon's (NASDAQ: AMZN) ad business has been successful, driving $31 bil

Benzinga

Living out of his car in a Walmart parking lot and rapping on Spotify, this player just Monday qualified for this week’s Korn Ferry Tour event

Sweeney is doing whatever he can to pursue his dream.

USA Today Sports Media Group

What Are Whales Doing With Walmart

Someone with a lot of money to spend has taken a bearish stance on Walmart (NYSE:WMT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

3 Retail Stocks to Avoid Following Walmart's Profit Warning

Amid soaring prices and simultaneous rate hikes, retail giant Walmart (WMT) reduced its profit estimates drastically, anticipating an eventual contraction in demand. Therefore, it could be wise to avoid fundamentally weak retail stocks Ollie's Bargain Outlet (OLLI), Five Below (FIVE), and Wesfarmers (WFAFY). Keep reading….

StockNews.com

George Paton says Broncos’ new ownership will ‘set a winning culture’

"They’re all about winning," George Paton said of new ownership. "They want to win the right way. They’re going to set a winning culture."

USA Today Sports Media Group

Watch Walmart Employee “Maneuver” Shopping Carts Into Rivian R1T

The owner of the damaged Rivian R1T says he will use the footage to have the retail giant pay for the repairs.

InsideEVs

Top economic takeaways as US wrangles with recession fears

Back-to-back GDP slowdown, Fed raises rates, higher prices and other economic highlights from a busy week.

Al Jazeera

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Benzinga

America's Least Philanthropic Billionaires: Scrooges Of The Forbes 400

Editor's note: This story has been edited to reflect an update by Forbes to Tesla CEO Elon Musk's philanthropy ranking that removed him from the list of the least generous billionaires. Original publication: 2018. For the first time, the Forbes 400 list includes a generosity ranking.

Investors Business Daily

Stock Market Rally Powers Higher On Fed Rate Hints; Apple, Microsoft, Meta, Amazon, Google Key Earnings: Weekly Review

The stock market rally made big moves amid a barrage of earnings and economic reports and another big Fed rate hike.

Los Angeles Times

Here’s why the US economy shrinking in the 2nd quarter may not be so bad

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another hike of three-quarters of a percentage point and signaled more to come in its effort to beat back inflation despite the risk of a recession.

Los Angeles Times

Battling to tamp down inflation, Fed gears up for another big interest rate hike

The Federal Reserve is expected to announce Wednesday another aggressive interest rate increase as the central bank presses its attack on inflation despite rising risks of triggering a recession.

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news in one place.

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Los Angeles Times

Fed announces another big interest rate hike to thwart inflation. When will it stop?

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another three-quarters of a percentage point hike and signaled that it wasn’t done in its effort to beat back inflation despite rising risks of triggering a recession.

Benzinga

Walmart To $142? Plus This Analyst Raises Price Target On McDonald's

Keybanc raised the price target for McDonald's Corporation (NYSE: MCD) from $285 to $290. However, Keybanc analyst Eric Gonzalez maintained the stock with an Overweight rating. McDonald's shares fell 0.3% to $256.23 in pre-market trading.

Benzinga

Walmart, Shopify And Some Other Big Stocks Recording Losses On Tuesday

U.S. stocks closed lower on Monday, with the Nasdaq Composite dropping more than 200 points. Here is the list of some big stocks moving lower in the previous session.

The Independent UK

Global stocks, oil prices higher before likely US rate hike

Major global stock markets and Wall Street futures have advanced as traders brace for a possible sharp interest rate hike by the Federal Reserve to cool surging inflation

Benzinga

Why This Biotechnology Surged More Than 60%; Here Are 67 Biggest Movers From Yesterday

Gainers Ayala Pharmaceuticals, Inc. (NASDAQ: AYLA) shares surged 94.3% to close at $1.69 on Tuesday after the company filed a request for the withdrawal of the Registration Statement on Form S-1.

The Independent UK

Asian stocks follow Wall St lower before likely US rate hike

Asian stock markets have followed Wall Street lower as traders prepare for a possible sharp interest rate hike by the Federal Reserve to cool inflation

Benzinga

Alibaba, Nio Fall Over 3% As Hang Seng Tracks Weaker Wall Street Close: All Eyes Now On Aussie Inflation Data

Shares of Alibaba, Nio and Li Auto lost more than 3% on Wednesday morning with the Hong Kong’s benchmark index Hang Seng falling over 1%, ahead of the release of Australia’s inflation report.

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