Stocks were mixed near noon on Tuesday with results out of Walmart and a resurgence in the meme stock rally taking centerstage. Near 11:30 a.m. ET, the S&P 500 was up 0.1%, the Dow was up 0.6%, and the Nasdaq was down 0.3%. Earlier in the session, the S&P 500 and Nasdaq had traded in red figures, with the Nasdaq off more than 1.1% at session lows. Around 11:20 a.m. ET, shares of Bed, Bath & Beyond (BBBY) were halted at least twice for volatility after gaining more than 70% on the day. GameStop… Source link
Read More »Walmart CFO talks consumers, inventory, back-to-school, and gas prices after earnings beat
Walmart’s business looks to have stabilized after surging inflation for food and gas weighed on the company’s guidance a few weeks ago. The world’s largest retailer revised its full year guidance for profits to drop 9% to 11% from a prior range for a 11% to 13% decline. Walmart stock popped 4% in pre-market trading Tuesday following a 15 cents a share beat versus Wall Street profit estimates. Sales came in better than expected as well. Yahoo Finance caught up with Walmart’s well-regarded CFO Source link
Read More »You could be a landlord for Amazon, FedEx and Walmart with these simple REITs that net up to a 4.4% yield
You could be a landlord for Amazon, FedEx and Walmart with these simple REITs that net up to a 4.4% yield Being a landlord is one of the oldest ways to earn an income stream. And these days, you don’t have to buy a house to get a piece of the action. Check out real estate investment trusts, which are publicly traded companies that own income-producing real estate. REITs collect rent from their properties and pass it along to shareholders in the form of dividends. That means investors don’t… Source link
Read More »Danyelle Musselman won’t take Arkansas basketball coach Eric Musselman to Walmart with her
Arkansas men’s basketball coach Eric Musselman and his wife, Danyelle Sargent Musselman, did an interview with “The Field of 68” podcast on Friday. Rob Dauster asked Danyelle, “What’s it like being married to him in Fayetteville? I got to imagine — those fans, one, they’re crazy; they’re out of their minds. It’s crazy in a good way, right?” “We don’t go out much,” Danyelle said. “We live in a little gated neighborhood, and that’s kind of like our sanctuary. We honestly, we don’t go out much…. Source link
Read More »Walmart CFO on inflation: Consumers are still shopping
Walmart’s shoppers look to be handling high levels of inflation in food and general merchandise relatively well. “We haven’t seen any meaningful difference yet in how they’re shopping. We know consumers are focused on inflation, but we’re not seeing major changes in shopping patterns,” Walmart CFO Brett Biggs tells Yahoo Finance. “Wages are up, unemployment, low. Consumer balance sheets are still in pretty good shape. So I think all of that helps customers.” Walmart (WMT) saw sales strength… Source link
Read More »A McDonald’s worker quit her job and says she now earns up to $10,000 a month making TikToks for Walmart, Heinz, and Kroger
Maddison Peel Less than a year ago, Maddison Peel was making $12 an hour at a Kentucky McDonald’s. One week after her TikTok of roasting a chicken went viral, she quit. Now, she makes up to $10k a month and has brand deals with Walmart, Heinz, and Kroger. Just under a year ago, 22-year-old Maddison Peel was working at a McDonald’s in Kentucky, where she was paid $12 an hour. Now, she says she makes between $5,000 and $10,000 a month by posting food recipes on TikTok. Better known by her handle… Source link
Read More »Walmart, Yahoo Beef up Social Commerce, AR
Walmart and Yahoo are continuing their holiday shopping-related partnership, leaning into new augmented reality (AR) and digital opportunities, Retail Dive reported Monday (Dec. 6). The companies have added a new game, “Play for Joy,” on Instagram, letting users play a claw machine and grab as many virtual Walmart gifts as they can before a timer is up, according to the report. In addition, there is a video series with lifestyle influencer Taryn Newton, which will allow shopping through… Source link
Read More »Walmart and Yahoo tailor holiday content for social, AR shopping
Dive Brief: Walmart and Yahoo on Black Friday launched a “Holiday with Heart” effort to kick off the holiday season through shoppable content and add-to-cart functionalities powered by augmented reality, according to a press release emailed to Retail Dive’s sister publication Marketing Dive. The “Play for Joy” game on Instagram lets mobile users interact with a claw machine and grab as many virtual Walmart gifts as possible before the clock runs out. They can also… Source link
Read More »FTC orders Walmart, Amazon, Kroger and more to turn over information on empty shelves, high prices
The Federal Trade Commission said Monday that it is investigating the causes behind ongoing supply chain disruptions and how they are “causing serious and ongoing hardships for consumers and harming competition in the U.S. economy.” The FTC said it is ordering Walmart, Amazon, Kroger, other large wholesalers and suppliers including Procter & Gamble Co., Tyson Foods and Kraft Heinz Co. “to turn over information to help study causes of empty shelves and sky-high prices.” Orders also are… Source link
Read More »Walmart teams with Yahoo to create new shoppable holiday experiences
Walmart and Yahoo are getting festive with a new AR game, shoppable influencer-studded video content and additional cross-site e-commerce integrations. Here are all of the details. Walmart and Yahoo are gearing up for Christmas commerce. The web services company has teamed with the retail giant to bring consumers a handful of new shoppable experiences, digital activations and gift guides ahead of the holidays. The joint ‘Holiday with Heart’ campaign involves a number of key initiatives… Source link
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