Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.
Category: Walmart Stores Inc
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Stocks Jump on Hopes of Lower Inflation
The New York Times – Business: -
Why the G20 Summit Matters to Investors
The New York Times – Business:Stocks rallied in Asia on Tuesday following a historic meeting between President Biden and his Chinese counterpart, Xi Jinping.
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Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade
The New York Times – Business:Ahead of the critical holiday shopping season, the nation’s largest retailer reported stronger-than-expected earnings and signaled confidence with a $20 billion share buyback.
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Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade
The New York Times – Business:Ahead of the critical holiday shopping season, the nation’s largest retailer reported stronger-than-expected earnings and signaled confidence with a $20 billion share buyback.
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Kroger and Albertsons Announce Plan to Merge in $25 Billion Deal
The New York Times – Business:The deal, an effort to bulk up against deep-pocketed rivals Walmart and Amazon, is likely to invite serious antitrust scrutiny from regulators.
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What the $24.6 Billion Kroger-Albertsons Merger Could Mean for Groceries
The New York Times – Business:Two of the largest U.S. supermarket chains hope to join forces as inflation pushes food prices higher and as Amazon and Walmart become more powerful.