The Latest Breaking News from WMT

Walmart Inc (NYSE:WMT) has raised the starting pay for the drivers of Walmart Private Fleet to $110,000 a year. The retail giant employs about 12,000 long-haul truck drivers under its fleet. The move comes amid a shortage of drivers that threatens to prolong supply chain snarls and merchandise shortages, Reuters reported. "We're proud to…

The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported. Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7. The report noted Tata Neu is expected to give more power to…

Walmart Inc (NYSE:WMT) owned Indian e-commerce company Flipkart has boosted its IPO valuation to $60 billion - $70 billion from the previous $50 billion, Reuters reported. Also, Flipkart has postponed its plans for the U.S. listing to 2023 instead of 2022. The report noted that the Indian company has decided to wait…

The potential for aggressive interest rate increases by the Federal Reserve this year, further Western sanctions against Russia, and intensifying supply chain disruptions have caused the market to suffer another selloff. Therefore, investors seeking to avoid market volatility and generate stable returns could consider betting on quality mega-cap stocks UnitedHealth…

Walmart Inc (NYSE:WMT) has launched five new Walmart Health centers across North and Central Florida.  Walmart Health brings accessible care to Floridians, beginning in Jacksonville and four additional locations in the Jacksonville, Orlando, and Tampa areas. Walmart Health centers provide several services, including primary care, labs, X-ray and EKG, behavioral health and counseling,…

Walmart Inc (NYSE:WMT) has launched New-Seller Savings, a limited-time promotion exclusive to new sellers. Sellers who join Walmart Marketplace by May 31, 2022, and begin selling on Walmart.com by June 30, 2022, will get a 50% discount on commission rates for the first 90 days.  The retail giant has also extended its…

Lingering supply crunch and soaring inflation have increased the odds of the Fed raising interest rates aggressively later this year, which could dampen corporate earnings. Moreover, as the GDP is estimated to be lower than the prior estimate, many analysts expect the economy to witness recessionary pressure. Therefore, it could…

Someone with a lot of money to spend has taken a bullish 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.

Walmart (NYSE:WMT) has outperformed the market over the past 5 years by 1.03% on an annualized basis producing an average annual return of 15.39%. Currently, Walmart has a market capitalization of $404.43 billion.

Walmart Inc. (NYSE: WMT) is removing cigarettes from its stores in several states following a long-running debate on whether to ban tobacco products from being sold.

Someone with a lot of money to spend has taken a bullish 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.