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Walmart Sees Higher Sales From Picky Shoppers
Posted inCompany Reports Consumer Behavior Discount Selling Inflation (Economics) McMillon, C Douglas Shopping and Retail United States Economy Walmart Stores Inc

Walmart Sees Higher Sales From Picky Shoppers

The retail giant raised its forecasts as it attracted bargain-hunting shoppers strained by inflation, drawing in high-income households in particular.
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Posted by By Jordyn Holman
Cisco to Cut About 7% of Staff in Second Round of Job Layoffs
Posted inCisco Systems Inc Cloud Computing Company Reports Computers and the Internet Enterprise Computing Layoffs and Job Reductions Robbins, Charles H

Cisco to Cut About 7% of Staff in Second Round of Job Layoffs

The cuts could amount to about 6,000 jobs for the San Jose, Calif., maker of computer networking technology.
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Posted by By Eli Tan
The Big Number: $8.4 Billion
Posted inAmusement and Theme Parks Company Reports Consumer Behavior Prices (Fares, Fees and Rates) United States Economy Walt Disney Company

The Big Number: $8.4 Billion

Disney’s weaker-than-expected revenue at its theme park unit.
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Posted by By Santul Nerkar
Warner Bros. Discovery Takes $9 Billion Write-Down on Cable Networks
Posted inCable Television CNN Company Reports National Basketball Assn Prices (Fares, Fees and Rates) Television Warner Bros Discovery

Warner Bros. Discovery Takes $9 Billion Write-Down on Cable Networks

David Zaslav, the company’s chief executive, said the accounting change was an acknowledgment of the pressures facing traditional media.
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Posted by By Benjamin Mullin

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