Walmart Inc.

FedEx’s bleak warning could reflect global economy − and company’s own shortcomings

A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, leaving the market scrambling to determine whether the problems reflect internal company shortcomings or a broader economic diagnosis. CEO Raj Subramaniam pointed …

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Where Walmart, Amazon and Target are spending billions in a slowing economy

A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows down, the classic response for consumer businesses is to cut …

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Walmart-owned Sam’s Club raises annual membership fee for the first time in nine years

A sign hangs outside a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson |Getty Images Walmart-owned Sam’s Club said Wednesday it will raise its annual fees this fall, as the warehouse club’s membership hovers at a record high and inflation-pinched shoppers seek deals on bulk items. Fees will increase to $50 …

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Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending

Televisions are seen for sale at a Best Buy store in New York City. andrew kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the second fiscal quarter, as the retailer felt a pullback from inflation-weary shoppers. The company reaffirmed its full-year guidance. The company had cut its forecast in …

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Where Amazon is heading in health after the Amazon Care failure

In this photo illustration, the Amazon Basic Care logo is displayed on a smartphone with an Amazon logo in the background. Thiago Prudencio | SOPA Pictures | light rocket | Getty Images Chalk up another failure in health care for Amazon, one of the ultimate market disruptors. First, its much-hyped effort with JPMorgan and Berkshire …

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Stocks making the biggest moves midday: Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more

Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat estimates. Cisco also provided a better-than-expected forecast for 2023. Bed Bath & Beyond — The latest favored meme stock, which has surged in August, …

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Possible triple-homicide in Brossard apartment fire that killed mother and children Police discover stabbed man, 20, on St-Laurent Blvd. Boy reported missing in Springville located safe: N.S. RCMP Colder than average for Sask. winter: Old Farmer’s almanac predicts Power line causes fire to Bedford, N.S. home: Halifax Fire Calgary sport court opens in Bridgeland Vancouver fire crews extinguish flames at SRO in DTES