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Walmart shares hit record high after stronger-than-expected results

Walmart climbs over 5 per cent after it forecast fiscal year sales above Wall Street estimates

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News Highlights : Top Global Markets News of the Day -November 16, 2023 at 07:16 pm EST

Walmart Earnings, Low Fuel Prices Drag on Stocks

Investors feel hopeful about inflation, interest rates.

A soft landing is possible, but not assured, Fed's Lisa Cook says

Inflation...

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Walmart Shares Rally To Near All-Time High As Retailer Cashes In On Tight Budgets

Walmart apparently benefitted from anti-Pride backlash that dragged on rival Target’s sales.

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Walmart Delivered A Winning $161 Billion Quarter, And Out-Played Target

Walmart used some of its old-school strategies, combined with new technology, to boost sales and profits, with a second quarter that easily beat expectations.

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Walmart Investors Eye Margins Amid Grocery Focus

When Walmart reports earnings Thursday, investors will get an even closer look at how American shoppers shifted their spending when faced with higher prices on...

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Walmart lays off hundreds of corporate workers

Retailer is restructuring headquarters operations after warning of profit troubles

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CNN Newsroom With Poppy Harlow and Jim Sciutto

they were hoping for thanks to big fiscal support coming from the elected government, combined with supply chain disruptions that i don't think anybody anticipated. he would weren't all expecting a massive car shortage last year. i think they will admit they'll be the first to admit they should have raised rates sooner, but i think in the moment, given the conditions they thought they were working with, they thought they were taking a prudent course. >> christine romans, new survey of ceos, pretty darn grim outlook, right? 68% expect recession, 68% think conditions will get worse, 54% think costs will be passed on to consumers. that's a big switch just in a few weeks' time. what does it mean? >> it is their job to worry, right? they're worried about the shareholders, about the employees, they're worried about profits and there is no road map for this. no playbook. you saw in those walmart earnings, saw in the target earnings that inflation and supply chain and labor costs are

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Walmart raises payouts to shareholders

Walmart Inc. (WMT) on Thursday reported fiscal fourth-quarter earnings of $3.56 billion.

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Elon Musk and Bitcoin, AT&T and Discovery: 5 Things You Must Know

1. -- Stock Futures Fall After Wall Street's Rough Week
Stock futures traded lower Monday as Wall Street came off a rough week driven by concerns over what effect rising inflation would have on the U.S. recovery.
Contracts linked to the Dow Jones Industrial Average fell 143 points, S&P 500 futures were down 15 points and Nasdaq futures declined 55 points.
Stocks closed higher Friday but posted losses for the week as inflation fears had Wall Street worried the Federal Reserve could boost near-zero interest rates and begin tapering asset purchases earlier that it has signaled.
The Dow fell 1.1% last week, the S&P 500 declined 1.4% and the Nasdaq dropped 2.3%.

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Flipkart gets leaner with a $300 million Jabong write-off as CEO Kalyan Krishnamurthy lists out the priorities for 2021

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Flipkart gets leaner with a $300 million Jabong write-off as CEO Kalyan Krishnamurthy lists out the priorities for 2021
Flipkart gets leaner with a $300 million Jabong write-off as CEO Kalyan Krishnamurthy lists out the priorities for 2021
Sanchita DashFeb 19, 2021, 15:08 IST
BCCL
As Walmart-owned Flipkart moves towards a possibly $10 billion initial public offering (IPO), it seems to be shedding flab with a nearly $300 million write off in Jabong.
Flipkart India CEO Kalyan Krishnamurthy described 2020 as the year when the company turned ‘financially prudent’, without adding any details.
Judith McKenna, president and chief executive of Walmart International, said that even after Flipkart being shut for 53 days in 2020 due to the COVID-19 pandemic, the e-commerce business closed the year stronger than it started.

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