GOBankingRates30d agoneutral
Trump’s Canadian Tariffs, Walmart’s Lower Prices and More of Today’s Top Money NewsWelcome back to "GO in the Know," our daily rundown of some of the top financial stories out there.
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High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
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Investing.com31d agoneutral
Truflation sees July core PCE at 0.2% MoM, says Fed won’t hike this yearInvesting.com -- Underlying U.S. inflation pressures are set to persist when the Bureau of Economic Analysis releases the July Personal Consumption Expenditures Price Index on Wednesday, but not enough to force the Federal Reserve into a rate hike this year, according to Truflation.
Yahoo Finance33d agoneutral
Tariff refunds are hitting retailers' wallets. Here's what they're doing with the money.Companies are using tariff refunds to lower prices, cushion their margins, and, to a very small extent, return the money straight to the customer.
TheStreet33d agoneutral
Walmart shoppers must consider one major shift coming to pricesWalmart is putting its massive tariff refund toward price investments.
The Wall Street Journal34d agoneutral
Walmart Is Playing the Long Game by Lowering PricesWalmart’s finance chief had a message Thursday for analysts pressing the company on its decision to cut prices: Give it time. Walmart said it rolled back prices on more than 11,000 items, including ground beef, citing the ongoing strain on consumers of inflation and high gas prices. The move comes after the company received tariff refunds worth about $2.9 billion, which it’s using to fund the price cuts.
The Wall Street Journal34d agoneutral
What Back-to-School Says About the EconomySpending on K-12 and back-to-college combined is expected to hit a record of nearly $147 billion, according to the National Retail Federation. “Customers are responding to just absolutely fantastic investments in price,” Walmart’s U.S. CEO David Guggina said yesterday during the company’s earnings call that highlighted the cost pressures facing consumers. “We have a list of 14 key items that are priced less than what we saw in 2019,” he also said of the store’s school supplies, citing examples from the store’s Pen+Gear brand, which has crayons for 25 cents and No. 2 pencils for 92 cents.
Stocktwits34d agobullish
WMT Stock Heads For Worst Week In 4 Years: Buy The Dip Or Stay Away? Retail Weighs InWalmart posted a strong Q2 earnings beat and raised its outlook, but slowing U.S. sales, weaker transactions, and temporary tariff benefits pressured shares and divided investors.
USA TODAY35d agoneutral
Walmart to cut prices using its tariff refunds. Will others follow?Walmart will use $2.9 billion in tariff refunds to lower prices, but other retailers are less clear on their plans.
Reuters Videos35d agoneutralVIDEO
Inflation, high prices starting to weigh on consumers, says investor<body><p>STORY: Walmart shares fell after the retailer missed Wall Street expectations for quarterly comparable sales, saying higher gasoline prices had shoppers reining in spending.</p><p>"We're starting to see maybe this convergence of the K-shaped economy, where, you know, we are seeing still resilience in various parts of it, but I think, you know, the combination of inflation, high prices, maybe it's specifically gas prices or food prices, is starting to weigh on the consumer."</p><p>The results added to concerns about consumer spending, a key driver of the U.S. economy.</p></body>
Barrons.com35d agoneutral
6 Big Takeaways From Retail’s Big Week of EarningsWalmart set a somber tone for the first week of retailer earnings, but that wasn’t the whole story. The big news was Walmart’s sales woes as the Bentonville, Ark.-based giant reported a same-store sales decline—the first since 2020. Target meanwhile, showed some signs of life, reflecting its turnaround efforts.
CNN Business35d agobearish
Higher gas prices bite Walmart sales growth, but says $2.9 billion tariff refund will feed price cutsHigher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the earliest months of the pandemic.
Quartz35d agoneutral
Walmart Q2 FY27 earnings: tariff refunds boost sales outlookThe retailer posted 5.9% revenue growth and raised its adjusted EPS guidance for the year to $2.80–$2.87, up from $2.75–$2.85
InvestorsHub35d agoneutral
Fed minutes, Walmart earnings and $40 trillion U.S. debt in focus for markets: Dow Jones, S&P, Nasdaq, Wall Street FuturesU. S. stock futures edged higher on Thursday after a Treasury intervention helped stabilise government bond markets and supported Wall Street in the previous session.
The Wall Street Journal35d agoneutral
Walmart Earnings, Jobless Claims: What to Watch for the Rest of the WeekToday Earnings (a.m.): Walmart, Alibaba, Deere & Co., Advance Auto Parts, Earnings (p.m.): Ross Stores Economic data: Unemployment insurance initial weekly claims, Philadelphia Fed manufacturing survey, U.
Investor's Business Daily36d agobullish
Walmart Earnings: The Biggest And Most Influential Retail Report LoomsWalmart earnings are due early Thursday after a summer promotional pricing blitz to lure inflation-weary consumers. On Wednesday, WMT stock edged higher, near a key level. The big Dow Jones stock is the nation's and world's largest retailer by 2025 sales, according to the National Retail Federation.
Barrons.com36d agoneutral
Amazon to Bring Drone Delivery to 500 Cities, AI Be DamnedAmazon is expanding Prime Air drone delivery to nearly 500 U.S. cities and towns as the retailer battles Walmart and FedEx over ever-faster shipping.
Yahoo Finance Video36d agoneutralVIDEO
Lowe's earnings: CEO cites caution around consumer spending pressuresHome improvement retailer Lowe's (LOW) released mixed second quarter results. Yahoo Finance Senior Reporter Brooke DiPalma comes on Market Catalysts to break down the areas where Lowe's is still seeing pressure on consumer spending and CEO Marvin Ellison's latest comments on the company's tariff refund.
Yahoo Finance Video36d agoneutralVIDEO
Target earnings: Tariff refunds, back-to-school success drive stockTarget (TGT) is buzzing on Wednesday after the retail giant beat second quarter earnings estimates, topped off by a raise on full-year guidance. Yahoo Finance Senior Reporter Brooke DiPalma highlights the biggest takeaways from the company's earnings calls, underlining price discount drivers ahead of the back-to-school shopping season.
24/7 Wall St.36d agoneutral
Target Rises 5% on Q2 Beat, Tariff Refund Windfall, and Sharply Raised Full-Year OutlookTarget just posted its strongest quarter in years, but strip out a one-time government windfall and the story gets far more complicated. Here is what the headline numbers are hiding about whether this retailer's turnaround is built to last.
The Wall Street Journal36d agoneutral
Retailer Earnings, Fed Minutes: What to Watch This WeekToday Federal Reserve: FOMC minutes from Fed’s July meeting Earnings (a.m.): Target, Lowe's, TJX, Analog Devices, Estee Lauder Economic data: EIA weekly petroleum status report, CPI (UK), PPI (UK) Tomorrow Earnings: Walmart, Alibaba, Deere & Co.
Kiplinger37d agoneutral
Nasdaq Sinks 355 Points as Higher Bond Yields Pressure Tech Stocks: Stock Market TodayUncertainty over the Middle East, inflation and the Fed has sent bond yields soaring — and created a big headache for tech stocks.
The Wall Street Journal37d agoneutral
Retailer Earnings, Fed Minutes: What to Watch This WeekToday Earnings (a.m.): Home Depot, Baidu Earnings (p.m.) Toll Brothers Economic data: Housing starts for July, pending home sales, import and export price indexes, July industrial production and ...
Kiplinger38d agoneutral
Stocks Struggle as Long-Term Yields Rise: Stock Market TodayFear of a Fed move to tighten monetary policy has receded, but market-based interest rates are still trending higher.
Proactive38d agobullish
Wall Street eyes retail earnings as futures drift ahead of the bellUS stock futures are treading water this morning, with traders caught between the Federal Reserve's next move and a fresh batch of retail earnings. Dow futures dipped 0.2%, the S&P 500 nudged up 0.1% after a third straight weekly gain, and the Nasdaq-100 added 0.5%. It's a quieter week...
The Wall Street Journal38d agoneutral
U.S. Futures Mostly Higher as Tech Stocks Make GainsThe Nasdaq-100 and S 500 were advancing but Dow futures were in the red as investors look ahead to U.S. Federal Reserve minutes on Wednesday.
