May 23, 2022

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3 New Articles
  • 2 hours ago BlackRock downgrades stocks, citing Fed over-tightening and China risk
  • 2 hours ago Bank balances surged during Covid even as pandemic-era stimulus ended, BofA CEO says
  • 3 hours ago Here’s the next shoe to drop that will hit this market, Jefferies says
Home Tag Archives: Walmart Inc

Tag Archives: Walmart Inc

Business

EBay enters NFT business, with assist from hockey icon Wayne Gretzky

By The Texas Chronicle
8 hours ago
in :  Business
0
3

The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs — with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his signature moves on the ice. …

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Business

Breaking down the market’s tumble into a bear market — and what comes next

By The Texas Chronicle
2 days ago
in :  Business
0
9

The relentless sell-off in stocks started marking some grim milestones this past week. The S & P 500 briefly dipped on Friday into bear market territory, trading more than 20% below its January intraday record. There’s no official definition for a bear market, so investors will debate whether we are in one officially now or not. Many on Wall Street …

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Business

Stocks head for another potentially treacherous week, after S&P 500 falls into bear market territory

By The Texas Chronicle
3 days ago
in :  Business
0
4

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs that stocks could be bottoming, …

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Business

Weee! taps Crazy Rich Asians director Jon M. Chu in push for grocery growth

By The Texas Chronicle
3 days ago
in :  Business
0
10

Online grocery delivery start-up Weee! encourages customers to share videos of recipes and favorite items on its app. It specializes in hard-to-find Asian foods, along with fruits, vegetables and other staples. Weee! Online grocery start-up Weee! specializes in hard-to-find foods from Asian and Hispanic cuisines. It nabbed another kind of rarity earlier this year: A big Hollywood name in its …

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Business

As stocks near bear market, it’s the economy that’ll tell the tale

By The Texas Chronicle
4 days ago
in :  Business
0
5

The S & P 500 has been flirting with bear market territory, as it tries to find a bottom, but how low it goes depends on whether the economy tips into recession. If the S & P 500 were to reach 3,837.24, that would push the index into a 20% downdraft, considered a bear market by many Wall Street pros. …

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Business

Why the market sell-off has entered a new phase

By The Texas Chronicle
4 days ago
in :  Business
0
15

So what’s priced in? So much for defensive plays. Consumer Staples reacting so poorly to Walmart and Target, and Thursday to Kohl’s , which cut its fiscal 2022 earnings, tells you there is additional growth and earnings risk out there. A lot of investors have come to believe that interest rate risk from the Federal Reserve raising rates was priced into …

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Business

Bath & Body Works shares tumble as retailer cuts profit outlook due

By The Texas Chronicle
5 days ago
in :  Business
0
4

Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Bath & Body Works shares fell in after-hours trading Wednesday after the retailer cut its profit outlook for the year, in part due to expected increases in inflationary pressures. The stock fell more …

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Business

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

By The Texas Chronicle
5 days ago
in :  Business
0
6

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. …

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Business

Target, Lowe’s, TJX and more

By The Texas Chronicle
5 days ago
in :  Business
0
8

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles. Target posted an adjusted quarterly profit of $2.19 …

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Business

Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries

By The Texas Chronicle
1 week ago
in :  Business
0
9

Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Starbucks said Monday it will start covering eligible travel expenses for employees seeking abortions or gender-affirming procedures. The coffee chain joins Amazon, Apple, Microsoft and Salesforce in offering to reimburse workers for travel costs related to abortions following the leak of a draft …

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BlackRock downgrades stocks, citing Fed over-tightening and China risk

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