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The Latest Breaking News from Walmart Inc

Walmart gets hammered by worst drop since 1987 on forecast cut

Walmart Inc. tumbled the most in almost 35 years after cutting its full-year profit forecast due to inflationary pressures, especially in food and fuel.

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Ohio Lawyer Says Pharmacy Distributors To Pay $878M For Opioid Epidemic

Ohio Lawyer Says Pharmacy Distributors To Pay $878M For Opioid Epidemic

A lawyer for two Ohio counties said that CVS Health Corp (NYSE:CVS), Walgreens Boots Alliance Inc (NASDAQ:WBA), and Walmart Inc (NYSE:WMT) should fund an $878 million plan addressing the opioid crisis, writes Reuters. In November, a federal jury decided that the companies created a public nuisance by flooding Ohio's Lake and Trumbull counties with addictive prescription pain…

5 Cost-Conscious Retail Stocks That Could Thrive During a Recession

5 Cost-Conscious Retail Stocks That Could Thrive During a Recession

Many analysts believe that the U.S. economy is slipping into recession. We think investors looking to dodge the recessionary pressure could bet on discount retail stocks Costco (COST), Walmart (WMT), BJ’s Wholesale (BJ), PriceSmart (PSMT), and Target (TGT). So, let’s discuss.

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3 Must-Own Dow Jones Stocks to Buy in May

Looking to scoop up shares of fundamentally sound stocks during the market sell-off? Then consider these three Dow Jones stocks: Cisco (CSCO), Coca-Cola (KO), and Walmart (WMT).

Walmart Launches Activewear & Swim Brand With Michelle Smith, Stacey Griffith

Walmart Inc (NYSE:WMT) has unveiled its activewear and swim brand, Love & Sports, created in partnership with fashion designer Michelle Smith and indoor cycling instructor Stacey Griffith. The activewear collection is available at Walmart.com and in 1,500 Walmart stores. The retailer said collections would drop seasonally, with new additions like footwear and…

Walmart-Owned Indian E-tailer Flipkart Looking Into Metaverse, Web3 Foray

American retail giant Walmart Inc.'s (NYSE: WMT) Indian e-commerce arm Flipkart has launched an in-house innovation unit called 'Flipkart Labs' to explore ways to expand into the Metaverse and Web3.

Will Grocery Prices Remain Elevated Throughout 2022?

Multi-decade high inflation is reflected in consumer staples like grocery items. While grocery prices are expected to rise further, an inelastic demand should help grocery retailers stay afloat by passing on the rising costs to consumers. In this article, I am going to discuss how inflation is expected to treat…

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Walmart+ Offers Fuel Discount To Members

Walmart+ Offers Fuel Discount To Members

Walmart Inc (NYSE:WMT) said members of its Walmart+ program would receive an instant discount of up to 10 cents on every gallon of fuel they purchase at participating fuel stations. Walmart+ fuel discount is available at more than 14,000 stations with the addition of 12,000 Exxon Mobil Corp (NYSE:XOM) Exxon and Mobil locations across the…

4 Rock-Solid Dow Jones Stocks to Buy and Hold

4 Rock-Solid Dow Jones Stocks to Buy and Hold

Despite volatile market conditions owing to the Russia-Ukraine war, supply chain bottlenecks, high inflation, and imminent aggressive federal interest rate increases, the Dow Jones Industrial Average has managed to advance over the past month on an improving labor market and strong corporate results. So, we think it could be wise…

Plug Power Inks Deal To Fuel Walmart's Fleet Of Material Handling Lift Trucks

Plug Power Inks Deal To Fuel Walmart's Fleet Of Material Handling Lift Trucks

Plug Power Inc (NASDAQ:PLUG) has signed an agreement with retailer Walmart Inc (NYSE:WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen. The hydrogen will power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S. The partnership is a part of Walmart’s aim to incorporate alternative…

Why Plug Power Shares Are Surging

Why Plug Power Shares Are Surging

Plug Power Inc (NASDAQ: PLUG) shares are trading higher Tuesday after the company announced an agreement with Walmart Inc (NYSE: WMT).

Walmart Appoints PayPal CFO John Rainey As Finance Head

Walmart Appoints PayPal CFO John Rainey As Finance Head

Walmart Inc (NYSE:WMT) has appointed John Rainey as its Executive Vice President and Chief Financial Officer (CFO), effective June 6, 2022. Rainey joins the company from PayPal Holdings Inc (NASDAQ:PYPL), where he currently serves as the CFO and EVP, Global Customer Operations. After almost seven years at PayPal, Rainey is leaving the company to join Walmart. He…

Looking Into Walmart Inc's Recent Short Interest

Looking Into Walmart Inc's Recent Short Interest

Walmart Inc's (NYSE:WMT) short percent of float has fallen 9.52% since its last report. The company recently reported that it has 10.95 million shares sold short, which is 0.76% of all regular shares that are available for trading.

Walmart Raises US Trucker Annual Pay To $110,000

Walmart Raises US Trucker Annual Pay To $110,000

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…

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Tribune News Service

Walmart to pay in-house truckers up to $110,000 in tight job market

Walmart Inc. is ramping up pay for its truckers as the retailer seeks to shore up staffing amid a nationwide need for drivers.

Morning Brief: Top Stories Dominating Financial Media on Thursday, April 7

Reuters Here’s Why HP Shares Are Trading Higher Premarket

India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs

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's Indian E-Commerce Arm Flipkart Boosts IPO Valuation: Reuters

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…

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Jack Ma, Warren Buffett Backed Paytm Looks To Breakeven Soon: Bloomberg

Paytm, backed by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) and Alibaba Group Holding Ltd's (NYSE:BABA) fintech affiliate Ant Group, looks to break even on an operating basis over the next year-and-a-half, Bloomberg reports. The Indian digital payments pioneer doubled its gross merchandise value to $34.3 billion in the March quarter. Paytm looks to become profitable in…

Walmart Opens New Health Centers In Florida

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 Marketplace Launches New-Seller Savings Program

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…

Walmart Ends Cigarette Sales In Some Markets: Report

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.

Walmart Sues BJ's Over Allegations Of Stealing Self-Checkout Tech

Walmart Inc. (NYSE: WMT) has filed a lawsuit against BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) for allegedly stealing technology related to a self-checkout option in the Sam’s Club mobile app, CNBC

Here's Why Argus Remained Bullish On eBay

Argus analyst Joseph Bonner lowered the price target on eBay Inc (NASDAQ:EBAY) to $69 from $88 but kept a Buy. The price target implies an upside of 23.8%. eBay will need to show that it can successfully carve out product niches among sellers in the face of severe competition from Amazon.com Inc (NASDAQ:AMZN), Walmart Inc (NYSE:WMT), and start-up category…

Peering Into Walmart Inc's Recent Short Interest

Walmart Inc's (NYSE:WMT) short percent of float has fallen 3.41% since its last report. The company recently reported that it has 12.37 million shares sold short, which is 0.85% of all regular shares that are available for trading.

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