Latest Wal-Mart Stores Inc News

Abortion ruling thrusts companies into divisive arena

Jun. 25, 2022 10:18 AM EDT

The Supreme Court's decision to end the nation’s constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics. Some companies that stayed silent last month — when a draft opinion by Justice Samuel Alito was leaked to...

T-shirts? Ice cream? Retailers cash in on Juneteenth

Jun. 17, 2022 17:29 PM EDT

NEW YORK (AP) — Retailers and marketers have been quick to commemorate Juneteenth with an avalanche of merchandise from ice cream to T-shirts to party cups. But many are getting backlash on social media for what critics say undermines the day, designated as a federal holiday last...

Adobe, Devon Energy fall; Moderna, Seagen rise

Jun. 17, 2022 16:26 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Adobe Inc., down $4.29 to $360.79. The maker of Photoshop and Illustrator software trimmed its profit and revenue forecasts for the year. United States Steel Corp., up...

US inflation at new 40-year high as price increases spread

Jun. 10, 2022 17:36 PM EDT

WASHINGTON (AP) — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from a year earlier, faster than April’s...

Walmart heir Rob Walton agrees to buy Broncos in record deal

Jun. 08, 2022 01:04 AM EDT

ENGLEWOOD, Colo. (AP) — The Waltons, heirs to the Walmart fortune and America's richest family, have won the bidding to purchase the Denver Broncos in the most expensive deal for a sports franchise anywhere in the world. The Broncos announced late Tuesday night they had entered...

Asian shares mostly higher after wobbly rally on Wall St

Jun. 08, 2022 00:46 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after U.S. stocks rallied on heavy buying of technology companies. Advancing Chinese technology shares also pushed Hong Kong sharply higher. Benchmarks likewise rose in Tokyo, Seoul and Sydney. Shanghai declined. Oil...

Facing huge inventory, Target cuts vendor orders, prices

Jun. 07, 2022 14:54 PM EDT

NEW YORK (AP) — Target is canceling orders from suppliers, particularly for home goods and clothing, and it's slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions, announced Tuesday, come after a pronounced...

Inflation divide: The wealthy splurge, the poorest pull back

Jun. 05, 2022 10:26 AM EDT

NEW YORK (AP) — Americans at the low end of the income rung are once again struggling to make ends meet. A confluence of factors — the expiration of federal stimulus checks and surging inflation on staples like gas and food — are driving an even bigger wedge between the haves...

More job gains point to a solid economy and Fed rate hikes

Jun. 03, 2022 16:50 PM EDT

WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates. Last month’s gain reflects a resilient job market that has so far shrugged off concerns that...

Wall Street breaks 7-week losing streak, longest since 2001

May. 27, 2022 16:45 PM EDT

NEW YORK (AP) — Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001. The S&P 500 rose 2.5% and finished 6.6% higher for the...