Retail industry
Walmart’s profit warning shows inflation is still a big problem. Here’s our take
One would have thought that a Walmart guidance cut was already priced into the stock. But clearly, it was not. Source
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Amazon sinks after Walmart lowers profit outlook on inflation concerns
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Shares of Amazon fell more than 4% in extended trading on Monday after Walmart said it was lowering its quarterly and full-year profit guidance. Walmart announced after the bell on Monday that it now expects adjusted […]
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Walmart cuts profit guidance as it sees slower growth due to inflation
Walmart on Monday cut its quarterly and full-year profit guidance, saying inflation was changing how its customers spend. The big-box retailer said it now expects same-store sales to rise by about 6% in the second quarter, excluding fuel, as consumers buy more groceries instead of higher margin discretionary items. Shares of the company fell about […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Source
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Weber shares tank as grill maker announces CEO departure amid disappointing sales
Weber Grill accessories are offered for sale at a home improvement store on July 23, 2021 in Palatine, Ill. Scott Olson | Getty Images News | Getty Images Weber shares tumbled 20% in morning trading Monday after the grill maker abruptly said CEO Chris Scherzinger is departing amid waning demand for its products in stores […]
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3 factors to keep in mind heading into the busiest week of earnings
As we look ahead into the week ahead, some of the biggest names in tech will report. Source
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Target chases bigger e-commerce profits with new delivery hubs, fleet of drivers
MINNEAPOLIS — Each day, hundreds of drivers park at a delivery hub in Target’s hometown and load up the trunks of their personal cars with packages to deliver to customers. Soon, the big-box retailer will have similar centers and gig workers in three more places − two in the Greater Chicago area and one near […]
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A new way to short Tesla: AXS Investments launches new single-stock ETFs
Investors have a new way to make bullish and bearish bets on large-cap stocks. AXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure of short-term single-stock investments. “They’re designed for active traders, traders that are looking to make tactical trading decisions on a daily basis,” the […]
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Verizon shares fall after company cuts full-year forecast
A Verizon store in San Francisco, California, U.S., on Tuesday, July 20, 2021. Bloomberg | Getty Images Shares of Verizon fell nearly 5% in premarket trading Friday after the company reported second-quarter earnings that missed expectations and trimmed its financial forecast for the year. “Although recent performance did not meet our expectations, we remain confident […]
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Amazon’s deals don’t instill the same fear in rivals as before
June 16, 2017. It’s likely a day many retailers can recall vividly. A sleepy Friday morning was disrupted by the surprising announcement that e-commerce giant Amazon was going to buy organic grocer Whole Foods. The upheaval was immediate. Not only did the news send shares of grocer Kroger into a tailspin, a broad swath of […]
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