Walmart lays off hundreds of employees and requires others to relocate
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant's campus offices and said it will be requiring most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to office hubs in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area.
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Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.
X says Walmart pulled ads in October, weeks before Media Matters hate speech report and Musk rant
Walmart is the latest company to publicly join the growing flock of major advertisers to pull spending from X, Elon Muskโs beleaguered social media company, amid concerns about hate speech โ as well as reaching a sizeable audience on the platform.
Walmart boosts outlook after a strong first quarter and rising online sales
Walmart reported fiscal first quarter profits and sales that beat Wall Street estimates as the nationโs largest retailer keeps drawing budget conscious consumers to its aisles looking for food and other items in a challenging economic environment.
An inflation gauge tracked by the Fed slows to still-high 6%
A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fedโs intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
Target's 3Q profit drops 52% as shoppers force price cuts
An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.