Walmart reports earnings Thursday amid concerns that U.S. comparable sales may miss expectations, with Oppenheimer downgrading the stock due to slower growth in General Merchandise and Health & Wellness. Target and Home Depot earnings earlier in the week will provide insights into consumer discretionary spending and home improvement demand amid high borrowing costs. Additionally, upcoming Fed minutes and economic data on employment and inflation will influence expectations for future interest rate moves, with policymakers signaling patience unless inflation rises again.
Retail sales in the U.S. posted their largest increase since the U.S.-Iran conflict, suggesting the end of the so-called 'Vibecession'—a period where consumer sentiment was weak despite strong economic data. Core goods, which make up 19.3% of the Con...
Amazon plans to spend $6.8 billion expanding its same-day delivery hubs from 85 to over 1,000 by 2031, aiming to place fast-moving inventory within 10 miles of 80% of U.S. Prime members. This move targets Walmart's advantage of having 5,000 stores th...
