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...While the duopoly of Google and Facebook parent Meta still rules the $270bn US digital advertising market, a window has opened up for traditional retailers to grab some of that market share....
...Shares in the retailer were up more than 2 per cent in pre-market trading, while Vizio jumped more than 15 per cent. Read more here...
...Walmart will raise the average salary for a store manager from $117,000 to $128,000 a year....
...Rainey said Walmart gained market share across “virtually every category” during its fourth quarter, driven in large part by those in households making more than $100,000 a year....
...Today on the show, we ask: Walmart, what are you trying to tell us? This is Unhedged, the markets and finance show from the Financial Times and Pushkin....
...Walmart shares were down more than 8 per cent in pre-market trading on Thursday....
...Yet the share price fell 8.1 per cent on Thursday — the equivalent of $34bn in market value. Market consensus seems to believe that this is as good as it gets for Walmart....
...Today on the show, we dig into Walmart’s view and see what it might tell us about the future of the economy....
...But it is reshaping the labour market in ways that create a precarious existence for large numbers of low-paid workers. Labour law needs to evolve in response....
...Curiously, the FTC gave scant mention to Walmart, which leads US grocery sales with 23.6 per cent of the market last year, according to analytics firm Numerator....
...At Walmart, advertising is already a multibillion-dollar-a-year business....
...A decade ago ExxonMobil was still the world’s second-biggest US company, and General Electric, Wells Fargo and Walmart were in the top 10. Today, Walmart is 15th and the others . . . well....
...Shares of the retailer were up 1.6 per cent in pre-market trading....
...But we are maintaining our long-term bullishness on Walmart....
...Even so, last week’s third-quarter earnings report from Walmart provided the market with a bit of a shock. The stock (market cap $420bn) fell 8 per cent on Thursday and Friday....
...US markets were closed on Monday for the Presidents’ Day holiday....
...Think Walmart, Apple, Meta and so many others. But how should investors view these new giants, and will the returns last forever? Also we short the world-ex-US trade and go long the gerontocracy....
...Homebuilder Toll Brothers reports after the market closes today, but will also hold its call tomorrow....
...Walmart said easing price pressures in the US and a strong labour market were supporting American shoppers, but warned that rising fuel prices and high borrowing costs would mean household budgets remain...
...— Walmart pays its truckers well for a reason. It also reportedly underinvests in fighting gift card scams, maybe for a reason....
...Walmart is expected to post a rise in fourth-quarter sales on Tuesday, covering the key holiday shopping period....
...For Dollar Tree, the blockbuster deal to buy Family Dollar in 2015 was meant to give the discount retailer the heft to compete against market leaders Dollar General and Walmart....
...Chinese internet marketplace Temu has undertaken a multibillion-dollar internet advertising blitz in the US, as it seeks to grab market share from Amazon in the world’s biggest consumer market....
...ByteDance then agreed to spin-off TikTok’s global operations into a new US-based company part owned by Larry Ellison’s software group and Walmart, the largest US retailer, but the deal fell apart after President...
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