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The Latest Breaking News from Walmart

Asian shares advance after China cuts interest rates to boost economy

Asian shares have advanced after China cut key interest rates as part of its effort to fend off malaise worsened by the trade war

The Independent UK

‘My type of pettiness’: Woman walks in Target. Then she leaves seconds later ‘to mess up their customer metrics’

A woman says she is getting back at Target by walking in and quickly leaving.

The Mary Sue

The GOP Budget Is Big, Bloated, B.S.

Plus: A listener asks if the economic inequality data is bad.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Chinese producers will absorb ‘the cost’: Donald Trump contradicts himself on tariffs, as White House press secretary rewrites history

With a well-aimed question, a CBS News correspondent sent the Trump camp into a full-blown economic faceplant.

We Got This Covered

White House Insists China 'Will Be Absorbing' Tariff Costs Despite Treasury Secretary Admitting Burden 'May Get Passed to Consumers'

The White House asserted during a Monday press briefing that Chinese companies, not American consumers, will bear the cost of Trump's tariffs.

Latin Times

Walmart Stock Holds as Tariff Risk Spurs Support

A new tariff world may have spooked Walmart shareholders, though the situation may not be as bad as it seems moving forward in the name.

MarketBeat

Walmart Diversifies Profit Streams: Is WMT Stock a Buy Despite Tariff Headwinds?

While tariffs are expected to place pressure on Walmart’s cost structure, the retailer’s growing portfolio of profit drivers will help it absorb these impacts.

Barchart

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Trump Threatens Walmart Not To React to His Tariffs

On the bright side, at least Trump finally admitted his tariffs are, indeed, paid by Americans.

Reason

34 Worst Decisions Made By Large Companies That Nearly, Or Did, Shut Them Down

Business owners aren’t infallible. Strategic mistakes can and do happen. Some of them can radically alter the course of the company’s future… for the worse.

Bored Panda

‘They made billions last year’: Donald Trump wants Walmart to do communism for a bit so his tariffs don’t make him look bad

Donald Trump thinks Walmart should pay for his poor policies.

We Got This Covered

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

At least 50 Venezuelans sent to El Salvador prison entered US legally, report finds – as it happened

Libertarian thinktank says ‘dozens of legal immigrants were stripped of their status and imprisoned in El Salvador’

The Guardian - US

Bitcoin nears all-time high as US Senate set to debate landmark crypto bill

Price surge appears linked to renewed fears of inflation in US

The Independent UK

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International Business Times UK

Walmart to Hike Prices as Trump-Era Tariffs Push Up Cost of Everyday Goods

Tariffs on imports are raising costs for retailers, leading to more expensive everyday goods for American shoppers.

The Guardian - US

Trump news at a glance: president faces intensifying criticism over Qatar plane gift

Top Democrat condemns ‘flying grift’ as senior Republicans join chorus of disapproval – key US politics stories from Sunday 18 May at a glance

Latin Times

Treasury Secretary Acknowledges Cost of Tariffs: 'Some May Get Passed on to Consumers'

Treasury Secretary Scott Bessent admitted that some of the cost of Trump's tariffs "may get passed on to consumers."

Homes & Gardens

6 mistakes that prove you’re cleaning in the wrong order – and what to do instead to save time, effort, and money

These will double your workload

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The Independent UK

Trump Treasury secretary admits Americans will pay ‘some’ tariff price hikes

Treasury official says he spoke with Walmart leadership after chain was targeted by Trump’s angry diatribe

Homes & Gardens

A sweet pea teepee can create the most stunning scented spectacle in a backyard – learn how to make your own in 5 simple steps

There are few things better than a living, floral tent you can sit under all summer long

Fortune

Scott Bessent says tariff uncertainty is a tactic — otherwise countries 'would play us in the negotiations'

"If we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent told CNN.

Homes & Gardens

The 1 common kitchen essential experts warn you must replace every single year – the health risks can be catastrophic if you don't

Most people fail to change it often enough

The Guardian - US

US treasury secretary says Walmart will ‘eat some of the tariffs’ after Trump demand

Scott Bessent claims he received assurance in a personal call with company’s chief executive

The Independent UK

Treasury secretary says Walmart's warnings on price increases are a 'worst-case scenario'

Treasury Secretary Scott Bessent is playing down inflation risks from the Trump administration’s tariffs

Fortune

Here’s how the singer Jewel and the Kroger grocery store chain got entangled in a legal battle over a wellness festival gone wrong

Because of the wellness festival spat, the former chief executive may soon be required to answer questions that would reveal why he was forced to suddenly step down at Kroger.

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