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Walmart Tumbles On Disappointing Guidance; Warns Low-Income Consumers Drowning, High Fuel Costs Will Hit Profit
Walmart Tumbles On Disappointing Guidance; Warns Low-Income Consumers Drowning, High Fuel Costs Will Hit Profit
Extending concerns about US consumer weakness - now that the bumper OBBBA tax refund period is over - after yesterday's earnings by Home Depot and Target, this morning Walmart reported Q1 earnings (the last big company to report, rounding out earnings season) and warned that fuel costs are squeezing the company’s bottom line and could lead to higher prices for shoppers.
In the latest quarter, the world’s largest retailer said comparable sales in US stores rose 4.1%,...
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Apr 28, 2026 / Tyler Durden
Appeals Court Temporarily Allows Pentagon To Require Escorts For Reporters
Appeals Court Temporarily Allows Pentagon To Require Escorts For Reporters
Authored by Aldgra Fredly via The Epoch Times (emphasis ours),
A U.S. appeals court on April 27 temporarily allowed the Department of War to require reporters entering Pentagon grounds to be escorted while the government appeals a lower court ruling.
The Pentagon is seen from a flight taking off from Ronald Reagan Washington National Airport in Arlington, Va., on Nov. 29, 2022. Alex Wong/Getty Images/TNS
In a 2–1 decision, a three-judge panel from the U.S. Court of Appeals for the District of Columbia...
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May 28, 2026 / Tyler Durden
Anthropic Raises $65BN At $965 Billion Valuation, Surpassing OpenAI
Apr 8, 2026 / Tyler Durden
US Futures, Global Stocks And Bonds Soar On Ceasefire Relief, Oil Plummets
US Futures, Global Stocks And Bonds Soar On Ceasefire Relief, Oil Plummets
US futures, global stocks and bonds are sharply higher while oil prices plunge the most in years as a wave of optimism swept through global markets after the US and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz: JPMorgan's Market Intel desk, which moves from Neutral to Tactically Bullish this morning, says to look for a re-risking in the very near-term albeit it with higher energy prices. As of 8:00am ET, S&P futures...
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