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The Latest Breaking News from Walmart

Walmart Confirms IPO Plans For Indian E-Commerce Arm

Walmart Inc (NYSE: WMT), confirming the initial public offering plans for its Indian arm Flipkart, said the company has managed to live up to its expectations ever since it took over the business four years ago.

Benzinga

Broncos ownership: A look at the key people from the winning Walton-Penner bid

DENVER — Who is a part of the new Broncos’ ownership group? A look at the four key individuals:

The Denver Post

Broncos enter into purchase agreement with Walton-Penner family for record $4.65 billion sale price

DENVER — Less than 48 hours after a second round of bids to buy the Broncos were filed, the team announced late Tuesday night that they have entered into a purchase and sale agreement with a group headed by billionaire Rob Walton and his son-in-law, Greg Penner.

The Denver Post

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Why Nikola Shares Are Rising

Nikola Corporation (NASDAQ: NKLA) shares are trading higher after Walmart Inc. (NYSE: WMT) announced a proof of concept with the company to expand its transportation partnerships to reduce emissions.

Benzinga

Greg and Carrie Penner expected to handle Broncos’ day-to-day operations

Rob Walton will become the Broncos' new majority owner, but Greg and Carrie Penner are expected to handle the team's day-to-day operations.

USA Today Sports Media Group

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

Benzinga

Walmart Heir Rob Walton Buys American Football Franchise Denver Broncos

Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos. The deal was sealed for $4.65 billion, the Wall Street Journal reported. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The report…

Benzinga

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Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

Benzinga

Rob Walton group agrees to buy Broncos for $4.65 billion

A group led by Walmart heir Rob Walton has agreed to purchase the Broncos for $4.65 billion. The sale is subject to NFL approval.

USA Today Sports Media Group

A self-driving truck will soon deliver goods to 34 Sam’s Club locations in Dallas-Fort Worth

A California-based autonomous trucking company will begin making deliveries to 34 Sam’s Club locations in Dallas-Fort Worth, beginning in July.

Tribune News Service

Broncos sold to Walmart heirs for reported record of $4.65 billion

The price tag far surpasses the $3.1 billion sale last month of Chelsea FC, one of Europe’s premier soccer clubs.

Chicago Sun-Times

Broncos Agree to Record Sale to Walmart Heir, per Report

Rob Walton is the billionaire heir to superstore chain Walmart and is related to current Rams owner Stan Kroenke through marriage.

Sports Illustrated

Walmart ditches coconut milk brand over claim it uses forced monkey labour

PETA alleges that primates are used to pick coconuts on farms in Thailand

The Independent UK

Why Walmart Stock Is Falling Today

Walmart Inc (NYSE: WMT) shares are trading lower alongside several retailers in sympathy with Target Corp (NYSE: TGT), which announced an inventory optimization plan that will result in additional second-quarter&nbs

Benzinga

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Tribune News Service

Here’s what Walmart is doing to fight inflation

FAYETTEVILLE, Ark. — Walmart CEO Doug McMillon says the retail giant is closely watching its core shopper while working on ways to lower its costs and navigate 40-year-high inflation.

Benzinga

Walmart Whale Trades For June 06

A whale with a lot of money to spend has taken a noticeably bearish stance on Walmart. Looking at options history for Walmart (NYSE:WMT) we detected 17 strange trades.

Benzinga

7 Best Dow Jones Stocks To Buy

During periods of stock market volatility and economic uncertainty, it's reasonable for investors to want to take a more defensive approach with their portfolios.

Benzinga

Walmart Maintains Momentum With 'Buy' Rating From BofA

Walmart Inc. (NYSE: WMT) has strong sales momentum and its focus on managing costs could boost results in fiscal 2023, according to BofA Securities. The Walmart Analyst: Robert Ohmes maintained a Buy rating for Walmart, while keeping the price target unchanged at $160.

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USA Today Sports Media Group

Rob Walton hasn’t won bid for Broncos yet, but report says he will

Forbes says Rob Walton will win the bid for Broncos. While that might happen, the report is premature.

Benzinga

Kona Gold Beverage Post Highest Monthly Revenue In May, Here Are The Details

Kona Gold Beverage, Inc. (OTCQB: KGKG), a holding company focused on product development in the better-for-you and hemp and CBD functional beverage sector, has posted its highest monthly gross revenue in May.

The Independent UK

Soaring inflation divides spending for haves and have-nots

Americans at the low end of the income rung are once again struggling to make ends meet

The Independent UK

Child sets Walmart aisles ablaze with lighter found on a shelf

Water sprinklers were activated

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

Walmart Targets Faster Deliveries Via 4 Fulfillment Centers, Intensifies Rivalry With Amazon

Walmart Inc (NYSE:WMT) plans to build four new e-commerce fulfillment centers using an automated system to speed deliveries firing up rivalry with Amazon.com Inc (NASDAQ:AMZN). Walmart will open its first warehouse in Joliet, Illinois, this summer. Walmart will build additional centers in Indiana, Pennsylvania, and Texas over the next three years, Bloomberg reports. E-commerce giants like Alibaba Group Holding Limited (NYSE: BABA) and…

Tribune News Service

Walmart dangles a $210,000 average salary to store manager recruits

BENTONVILLE, Ark. — This may be a good year to get recruited and promoted at Walmart.

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