Potential Acquisition of Vizio by Walmart Sparks 25% Surge in Stock
Vizio, a leading smart TV manufacturer, saw its stocks soar by 25% on Tuesday after news broke that Walmart was in talks to purchase the company for a reported $2…
Optimistic Outlook for Walmart in Holiday Season
Walmart CEO, Doug McMillon, Delivers Positive Message to Investors In a recent presentation at a Goldman Sachs investor conference, Walmart CEO, Doug McMillon, expressed his optimism regarding the state of…
Walmart Capitalizes on Lower Prices and Draws More Customers
Piper Sandler analyst Edward Yruma recently upgraded Walmart Inc.'s stock, highlighting the retailer's ability to offer competitive prices and attract more customers. Yruma's research note emphasized that while higher prices…
Walmart Stock Crashes 6% as Q1 2023 Earnings Come Lower Than Expected
(Walmart) Shares of Walmart fell more than 6% on Tuesday after reporting adjusted earnings per share of $1.30 in the first quarter of FY23. The earnings were below forecasts of…
Plug Power Gains Nearly 9% after Deal with Walmart for Green Hydrogen
(Plug Power) Shares of Plug Power rose almost 9% on Tuesday in premarket after agreeing to supply Walmart with green hydrogen fuel. Plug Power will have an option to deliver…
PayPal CFO to Exit for Walmart, Analysts Fault Timing
(Bloomberg) PayPal Holdings Inc. Chief Financial Officer John Rainey will leave the payments giant for Walmart on June 6. Rainey will replace Brett Biggs as Walmart’s finance chief in a…
Ohio Jury Faults Walmart, Walgreens, and CVS Pharmacies in Opioid Epidemic
(WSJ) A Cleveland jury has found companies owning Walmart, Walgreens, and CVS pharmacies contributed to the opioid epidemic that cost two countries in Ohio $1 billion each. Walmart, Walgreens, and…
Walmart (WMT) Stock Price Forecast Ahead of Earnings
The Walmart (WMT) stock price is under pressure ahead of the company’s quarterly results scheduled for Tuesday this week. The stock is trading at $147, which is about 3.30% below…
Walmart Kickstarts Pilot Program to Let Users Buy Bitcoin at Hosted Coinstar Kiosks
(Coindesk) Walmart is testing a program in which shoppers at some of its U.S. stores can buy Bitcoin at Coinstar kiosks. The pilot program reportedly started earlier this month and…
Litecoin Crumbles After Walmart Denies News of Crypto Payments
(CNBC) Crypto token Litecoin traded down, after a 20% gain it had amassed after Walmart refuted claims that it would accept cryptocurrency payments by shoppers. The misleading information was released…
Walmart Reports a 21.4% Jump in Income in Q2, Upgrades Guidance
(Walmart) Walmart Inc. announced a 21.4% increase in its operating income to $7.2 billion in the second quarter of 2022 from the second quarter of the last fiscal year, driven…
Walmart Seeks a Crypto Product Lead in Push Digital Currencies
(Walmart) Walmart is recruiting for the position of digital currency and cryptocurrency product lead in its drive to make inroads into blockchain technologies. The candidate for the position is expected…