It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tag: Walmart Inc.
Tesla stock wipes out three day bounce, hits lowest price in more than 2 years
It has taken just one day for Tesla Inc.’s stock to erase the entire bounce it enjoyed over the last three days trading sessions of 2022, as disappointing deliveries data Read more
‘Five days that killed the year’: These trading sessions accounted for 95% of the S&P 500’s losses in 2022
Just five trading sessions accounted for more than 95% of S&P 500 index losses in 2022, according to an analysis by Datatrek co-founder Nicholas Colas in a note published Wednesday, Read more
Virginia Walmart shooter was store manager, police and witness say
CHESAPEAKE, Va. (AP) — A Walmart manager opened fire on fellow employees in the break room of a Virginia store, killing six people in the country’s second high-profile mass shooting Read more
Retail analysts foresee holiday-season sales growth. Now we’ll hear from retailers themselves.
Even as price increases squeeze shoppers, analysts expect holiday-season sales to increase this year. With Walmart Inc., Target Corp. and discounters TJX Cos. and Ross Stores Inc. reporting results in Read more
Canopy Growth, Tilray eye growth from non-cannabis drinks
Canopy Growth may be known for being one of Canada’s largest cannabis companies, but its biggest hit of the current earnings season has a different connection with grass. Canopy Growth Read more
Inflation should send holiday sales to a record high, even as retailers scale back seasonal hires, industry group reports
Even as inflation stretches consumers’ budgets, retailers are set to break sales records yet again this holiday season — in part due to inflationary price increases — even as they Read more
Kroger and Albertsons say their merger will help lower prices for struggling consumers. Not everyone is convinced.
The roughly $25 billion planned merger of Kroger and Albertsons, unveiled in October with much fanfare, promised a new entity that would “serve America with fresh, affordable food.” The deal Read more
3M says inflation has seen a ‘little moderation,’ while smartphone demand has been soft
3M Co. has its hands in so many markets, including consumer products, electronics, health care, safety and transportation, that when it talks about the economy and demand trends, investors should Read more
Biden to encourage Americans to get updated COVID booster as holidays approach
President Joe Biden will launch a fresh push Tuesday to persuade Americans to get the updated COVID-19 booster ahead of the holiday season. He plans to stress that the boosters Read more