Markets

MORGAN STANLEY: Here’s what Walmart needs to learn from Amazon

Shares of Walmart lost 10% last week after reporting an unexpected e-commerce slowdown. The Wall Street panic points to growing anxiety over Amazon’s dominance in the grocery marketplace. Morgan Stanley says the big-box retailer should look to Amazon for how to keep innovating. Walmart stunned Wall Street last week with […]
MORGAN STANLEY: Here’s what Walmart needs to learn from Amazon
Markets

Walmart tumbles after online sales growth slows

Walmart is down more than 6% Tuesday morning after reporting disappointing earnings. The world’s largest retailer reported adjusted earnings of $US1.33 per share where Wall Street expected $US1.37. Revenue was better-than-expected, but contributions from e-commerce fell by 27 percentage points from last quarter. Shares of Walmart fell as much as […]
Walmart tumbles after online sales growth slows
Markets

Walmart is raising wages and issuing bonuses after tax reform

Walmart is raising wages and issuing one time bonuses to employees. The company’s CEO said it’s a move to try and stay competitive. Watch Walmart trade in real time here. Walmart said it will raise the starting wage for its employees, and issue one time bonuses up to $US1,000, as […]
Walmart is raising wages and issuing bonuses after tax reform
News

RBC upgrades Walmart, says its ‘narrative continues to shift’

Walmart is facing increased pressure from Amazon, as well as newer grocery entrants like Aldi and Lidl. This has forced the company into an investment cycle, RBC says, which could increase the chain’s stock price. The bank now has a $US96 price target for the stock, and has upgraded it […]
RBC upgrades Walmart, says its ‘narrative continues to shift’
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