Walmart Financial News

By Lisa Baertlein

producer price index, which measures inflation before it hits consumers, rose 0.8% last month from July 2022. The latest figure followed a 0.2% year-over-year increase in June, which had been the smallest annual rise since August 2020. While modest, the increase in wholesale prices last month could help persuade the Federal Reserve that its work on bringing inflation to heel isn’t done.

It’s time to check your candle supply again

Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in its Indian e-commerce firm Flipkart and acquired private equity firm Accel's remaining 1% stake in the company as well, media reports said on Monday. The Wall Street Journal said Walmart bought the shares from Tiger Global recently, valuing the Indian company at about $35 billion.

Saudi state-run oil giant Aramco has made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous year

(Reuters) -U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday and said it would wind down, after struggling with a mounting debt load and following tense contract negotiations with the Teamsters Union.

Saudi state-run oil giant Aramco made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous year

Aramco said Monday that it made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices. Total sales stood at just over 400 billion riyals (about $106 billion), down from 562 billion riyals ($150 billion in the second quarter of 2022. In an earnings report filed with the Saudi stock exchange, Aramco said the decrease «mainly reflected the impact of lower crude oil prices and weakening refining and chemicals margins». The company reported net income of 112.8 billion Saudi riyals ($30 billion) compared to 181.6 billion riyals ($48 billion) in the second quarter of 2022, a decline of 37.8% Aramco nevertheless raised its dividend paid out to investors to 110.18 billion riyals ($29.38 billion), compared to $18.8 billion in the second quarter of 2022. The performance-based dividend is partly based on the company's record earnings last year, it said. «Our strong results reflect our resilience and ability to adapt through market cycles,» Aramco CEO Amin Nasser said in a statement accompanying the report.

Shoppers have named Costco Wholesale Corp. the most respected grocery retailer in Canada, according to a new survey.

Some of the largest U.S. fashion brands and retailers have made their way into the adaptive-wear market

It would be an understatement to say that Brendan Quirk took over a USA Cycling organization in turmoil in December 2021

Investing.com — U.S. stocks point higher ahead of a week of major corporate results and key economic data. Amazon and Apple are set to round out a multi-week crush of earnings from Big Tech, while nonfarm payroll figures for July could provide clues into the impact of over a year of Federal Reserve policy tightening.

Investing.com — U.S. futures edged higher Monday, at the start of a week that includes more earnings from tech giants as well as the important monthly jobs report.

(Reuters) -Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors.

Accel and Tiger Global, two early backers of Flipkart, were in talks to sell their remaining stake in the company to Walmart. Tiger Global held about 4% of the company, according to the ET report.

By Doyinsola Oladipo

Snoop Dogg has teamed up with Happi Co. to introduce «Dr. Bombay Ice Cream» in the stores of Walmart. It will offer a range of seven delicious flavors. Snoop Dogg's new ice cream line, named after his NFT character, is set to hit the shelves of 3,500 Walmart stores on July 24, priced at $4.98 per container, as revealed in an official press release. The ice cream brand, Dr. Bombay, takes inspiration from Snoop Dogg's digital NFT persona and will debut with an enticing line-up of flavors, including Bonus Track Brownie, Cocoa Cream Cookie Dream, S'more Vibes, Syrupy Waffle Sundaze, Iced Out Orange Cream, Rollin' In the Dough and the vibrant Tropical Sherbet Swizzle. Talking about the new venture, Snoop Dogg shared his passion for ice cream, stating, «Ice cream is more than just a snack to me; it's a way to chill, relax, and get happy. That's exactly what I want Dr. Bombay Ice Cream to do—bring a smile to your face and ease your mind. I've poured my heart and soul into perfecting these first seven flavors, and I can't wait for my fans and the world to experience what I've created.» The brand's name, Dr. Bombay, also serves as the face and persona of the ice cream line, with Snoop Dogg expressing a fatherly fondness for this lovable ape character.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Walmart, Datadog, and Neurocrine Biosciences, and initiations at Savers Value Village.

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the $13.7bn acquisition of Whole Foods Market in 2017, it followed some oddball attempts to strengthen its grocery business, some conceived by Jeff Bezos himself. One was to develop an “ice-cream truck for adults", driving into neighbourhoods with lights flashing and horns honking, to sell porterhouse steaks, Shigoku oysters, Nintendo games and other goodies. It was quietly shelved.

Walmart, the nation’s largest retailer, will offer its online subscription service at half off for those on government assistance, a move that should help perk up membership