People walk near the entrance of a Walmart store in Miami, Florida, on May 14, 2024. Joe Raedle | Getty Images Walmart will report earnings on Thursday, as investors look to the nation’s largest retailer to gauge the health of American consumers and the strength of the industry. Here is what Wall Street expects for … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Market talk : The S & … Read more
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters. The big-box retailer confirmed the layoffs and relocations in a memo sent to employees Tuesday. In the memo, Chief People Officer Donna Morris said the move is meant to bring more of its employees back … Read more
My top 10 things to watch Monday, May 13 1. Stocks are set to begin the week higher ahead of key inflation releases on Tuesday and Wednesday. The data will offer a test for the quiet market rally we’re enjoying. The Dow, which on Friday wrapped up its best week of the year, is riding … Read more
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023. Scott Olson | Getty Images Chinese-founded fast fashion behemoth Shein isn’t just working to win over lawmakers in Washington, D.C., as it gears up for a potential U.S. IPO, it’s also trying to win over the broader U.S. retail industry. It’ll … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s market action, telling them to pay attention to a number of earnings reports, including Home Depot, Alibaba and Walmart. He also suggested remarks from Federal Reserve officials will continue to shape the market, saying investors should tune in on Monday to commentary from Loretta Mester, … Read more
A truck picking up a container at the NIT Terminal at the Port of Virginia. NIT Terminal is the largest terminal at the port with more than 90 semi-automated stacking cranes. Lori Ann LaRocco | CNBC The Port of Virginia is on track to become the functionally widest and deepest port on the U.S. East … Read more
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty Images The state of the consumer in 2024 is already taking shape — even before the country’s major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next week. There are signs that … Read more
My top 10 things to watch Thursday, May 2 The S & P 500 and Nasdaq are higher Thursday, one day after they surrendered their post-Federal Reserve meeting gains and closed modestly lower. After leaving interest rates unchanged, Fed chief Jerome Powell essentially ruled out a hike as central bankers’ next move. He said that … Read more
Walmart on Tuesday said it will close all of its health-care clinics across the country, a stunning reversal of its plans to bring its low-priced reputation to the dentist and doctor’s office along with the grocery aisle. The big-box retailer said it would also shutter its telehealth provider, which it acquired for an undisclosed amount … Read more
