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In this article WMT Walmart on Monday cut its quarterly and full-year profit guidance, saying inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics. That shift in spending has left more items on store shelves and warehouses — forcing the big-box retailer to aggressively…
U.S. stock futures fell on Monday night after Walmart cut its profit forecast, sending retail stocks tumbling after hours. Dow Jones Industrial Average futures fell by 134 points, or 0.42%. S&P 500 and Nasdaq 100 futures declined 0.31% and 0.38%, respectively. A late Monday announcement from Walmart, which cut its quarterly and full-year profit estimates…
It may seem paradoxical, but a trip to Europe may be a way to save money on travel this year. Amid a global scramble to find ways to save money while traveling, hotel rates dropped in many European cities. Average airfares originating from the United States are also down, according to travel specialists. Another boon…
Twenty/20 The Biden administration is considering wiping out hundreds of billions of dollars in student debt. Its announcement could come as soon as next month. Why would the federal government relieve a large portion of the loans it gave out? These are some of the main reasons, according to experts. 1. A growing sense the…
In this article WWE LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images World Wrestling Entertainment on Monday disclosed $14.6 million in previously unrecorded expenses paid personally by…
In this article WEBR A Weber banner on the New York Stock Exchange, August 5, 2021. Source: NYSE 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 and online. The Palatine, Illinois-based company also suspended its quarterly…
In this article NEM JD RYAAY Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland. Jason Cairnduff | Reuters Check out the companies making headlines in midday trading Monday. Newmont — Newmont shares tumbled 11.9% after the mining company reported a disappointing second-quarter profit. The company reported…
Scott Olson | Getty Images If you manage to beat the odds and land the next Mega Millions jackpot, don’t forget that Uncle Sam will snatch a slice of the windfall. The top prize has surged to $810 million for Tuesday night’s drawing — up from an earlier estimated $790 million — after no ticket…
Paul Burns | Getty Images Claiming Social Security retirement benefits early means locking in a lower benefit amount for life. Yet a recent survey of U.S. adults ages 26 and up by Nationwide Retirement Institute found that claiming early is exactly what many Americans are planning to do. The survey found 42% of respondents plan…
A look at how FAANG stocks have been performing recently. #MetaPlatforms #Facebook #Amazon #Apple #Equities #Stocks #US #Investing #Trading #NYSE #NASDAQ #$AAPL #$META #$AMZN
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE U.S. stock futures were little changed on Sunday night, coming off a positive week for the major averages, as traders brace for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve. Dow Jones…
In this article GM GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company…