Latest Wal-Mart Stores Inc News

Demand for grocery delivery cools as food costs rise

Aug. 07, 2022 09:28 AM EDT

Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store. Then earlier this spring, Raschke learned her rent was increasing by $617 per month. Delivery...

EXPLAINER: How do we know when a recession has begun?

Aug. 05, 2022 14:54 PM EDT

WASHINGTON (AP) — Whether the U.S. economy is heading for a recession got more difficult to answer Friday, when a report showed employers hired hundreds of thousands more workers last month than expected. The stunning strength made clear that a linchpin of the economy remains...

Inflation weighs on back-to-school buying for many families

Aug. 03, 2022 07:33 AM EDT

NEW YORK (AP) — To understand the impact of surging inflation on this year's back-to-school spending, look no further than children's rain boots with motifs like frogs and ladybugs made by Washington Shoe Co. Spending held steady for these evergreen items even after the Kent,...

Inflation and wage data suggest US prices will keep climbing

Jul. 29, 2022 11:19 AM EDT

WASHINGTON (AP) — Inflation surged in June and workers' average wages accelerated in the spring — signs that Americans won't likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs. An inflation...

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Jul. 28, 2022 22:52 PM EDT

NEW YORK (AP) — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. The Seattle-based e-commerce giant also said it is making progress in controlling some of the excess costs from its...

EXPLAINER: How do we know when a recession has begun?

Jul. 28, 2022 12:35 PM EDT

WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if not already in one — barely two years after the pandemic recession officially ended. Six months of contraction is a long-held...

Best Buy cuts sales forecast as inflation tempers spending

Jul. 27, 2022 19:19 PM EDT

NEW YORK (AP) — Best Buy, the nation's largest consumer electronics chain, cut its annual sales and profit forecast Wednesday, citing surging inflation that has dampened consumer spending on gadgets. The Minneapolis-based company echoed Walmart, which earlier this week said higher...

NFL finance group supports Broncos sale to Walmart heir

Jul. 27, 2022 17:16 PM EDT

ENGLEWOOD, Colo. (AP) — NFL owners will decide on Aug. 9 whether to approve the proposed $4.65 billion sale of the Denver Broncos to the Waltons, heirs to the Walmart fortune and America's richest family. The league's finance committee met Wednesday and unanimously recommended the...

Asian stocks follow Wall St lower before likely US rate hike

Jul. 27, 2022 01:42 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo and Sydney advanced. Oil prices were little changed,...

Asian stocks follow Wall Street ahead of likely US rate hike

Jul. 26, 2022 23:38 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo advanced. Oil prices were little changed, staying...