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Discount retailer Walmart (WMT) has reported mixed financial results for this year’s second quarter and warned that its costs due to tariffs are rising. The world’s largest retailer announced earnings ...
The world’s biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street’s $175.9 billion target.
Target also imports about half of its merchandise, compared to roughly 33% at Walmart, so it needs to raise prices at almost double the rate of Walmart to mitigate the tariff impact, Bank of America ...
US stocks open lower after a rare earnings miss from Walmart and comments from the Kansas City Fed chief that sow doubt for September rate cut.
Walmart is reporting higher profits and sales as it pulls in shoppers seeking low prices for groceries and other essentials. The nation’s largest retailer also increased its annual profit and ...