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The Latest Breaking News from Walmart Inc

Know About Walmart's Latest Move Towards More Cloud Autonomy From Microsoft, Google

Walmart Inc (NYSE: WMT) developed the capability to switch seamlessly between cloud providers and servers using its own servers and software to deploy one of the most significant so-called hybrid clouds,

Benzinga

2 Beaten-Down Stocks That Benefit From Recessions

The red-hot inflation and the Fed’s aggressive rate hikes are raising the odds of the economy tipping into a recession. However, consumer goods and grocery stocks usually withstand the market turbulence because of stable demand for their products irrespective of the overall economic condition. And we think beaten-down consumer goods…

StockNews.com

Freshpet Recalls Dog Food Sold At Target And Walmart Over Possible Salmonella Contamination

Freshpet Inc (NASDAQ: FRPT) has recalled one of its dog food products sold at Target Corporation (NYSE: TGT) and Walmart Inc (NYSE:

Benzinga

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Read Why This Analyst Cut Bed Bath And Beyond's Price Target By 60%

Telsey Advisory Group analyst Cristina Fernández lowered the price target on Bed Bath & Beyond Inc (NASDAQ:BBBY) to $6 from $15, implying a 10.45% downside. The analyst maintained an Underperform rating on the shares. The analyst is taking a subdued view due to more negative commentary from mass retailers like Big Lots, Inc. (NYSE:BIG), Target Corp (NYSE:TGT), and Walmart Inc (NYSE:WMT)…

Benzinga

Read Stephens' Analysts Take On Roku - Walmart Partnership

Roku, Inc (NASDAQ:ROKU) and Walmart Inc (NYSE:WMT) enabled a seamless T-Commerce checkout experience for CTV viewers, permitting product purchases to take place in conjunction with an associated advertisement Stephens analyst Nicholas Zangler noted. Roku will likely utilize targeting, optimization, and measurement capabilities to help advertisers deliver relevant, shoppable ads to consumers with a high propensity to respond, Zangler noted. …

Benzinga

Why Is Walmart Pushing Roku Stock Higher After Hours?

Roku Inc (NASDAQ: ROKU) shares are trading higher in Thursday's after-hours session after the company announced a partnership with Walmart Inc (NYSE: WMT).

Benzinga

Walmart Hikes Pay For Pharmacy Technicians

Walmart Inc (NYSE:WMT) plans to raise the pay for Walmart and Sam’s Club pharmacy technicians to more than $20 an hour, effective this week. More than 36,000 pharmacy technicians are expected to be benefitted from the plan. The company had previously increased the wages for the technicians in August 2021. Also, Pharmacy technicians…

Benzinga

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Tencent Buys $264M Stake In Walmart's Indian Unit

Chinese tech conglomerate Tencent Holdings Ltd. (OTC: TCEHY) has bought a $264 million stake in Walmart Inc (NYSE: WMT)-owned Indian e-commerce firm Flipkart, Press Trust of India

Benzinga

Walmart Confirms IPO Plans For Indian E-Commerce Arm

Walmart Inc (NYSE: WMT), confirming the initial public offering plans for its Indian arm Flipkart, said the company has managed to live up to its expectations ever since it took over the business four years ago.

Benzinga

10 Sports Franchises That May Entice Investors On Heels Of $2.4B Denver Broncos Deal

The Denver Broncos are breaking records this week off the football field. The National Football League franchise is being sold to an ownership group that includes Rob Walton, one of the heirs of Walmart Inc.

Benzinga

Why Nikola Shares Are Rising

Nikola Corporation (NASDAQ: NKLA) shares are trading higher after Walmart Inc. (NYSE: WMT) announced a proof of concept with the company to expand its transportation partnerships to reduce emissions.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

Benzinga

Walmart Heir Rob Walton Buys American Football Franchise Denver Broncos

Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos. The deal was sealed for $4.65 billion, the Wall Street Journal reported. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The report…

Benzinga

Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

Benzinga

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Benzinga

Why Walmart Stock Is Falling Today

Walmart Inc (NYSE: WMT) shares are trading lower alongside several retailers in sympathy with Target Corp (NYSE: TGT), which announced an inventory optimization plan that will result in additional second-quarter&nbs

Benzinga

Walmart Maintains Momentum With 'Buy' Rating From BofA

Walmart Inc. (NYSE: WMT) has strong sales momentum and its focus on managing costs could boost results in fiscal 2023, according to BofA Securities. The Walmart Analyst: Robert Ohmes maintained a Buy rating for Walmart, while keeping the price target unchanged at $160.

Benzinga

Walmart Targets Faster Deliveries Via 4 Fulfillment Centers, Intensifies Rivalry With Amazon

Walmart Inc (NYSE:WMT) plans to build four new e-commerce fulfillment centers using an automated system to speed deliveries firing up rivalry with Amazon.com Inc (NASDAQ:AMZN). Walmart will open its first warehouse in Joliet, Illinois, this summer. Walmart will build additional centers in Indiana, Pennsylvania, and Texas over the next three years, Bloomberg reports. E-commerce giants like Alibaba Group Holding Limited (NYSE: BABA) and…

Benzinga

Government's Plan To Tackle Amazon, Walmart Dominance In India Begins To Take Shape

In a bid to break Amazon Inc (NASDAQ: AMZN) and Walmart Inc's (NYSE: WMT) duopoly in the country's e-commerce sector, India is lining up banks and other key players to set up its own "buyer platforms.&quo

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Benzinga

Google, India Discuss Collaborating Over Open E-Commerce Network

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and the Indian government have discussed integrating its shopping services with India's open e-commerce network ONDC, Reuters reports. Google's talks follow the success of its payments business due to the government's initiative for financial transactions, the Unified Payments Interface (UPI). An expert emphasized ONDC's need for a…

StockNews.com

Take Advantage of the Dip: 3 Blue Chip Stocks to Buy and Hold

Since concerns over potential interest rate hikes to control inflation and ongoing geopolitical crises are expected to keep the stock market under pressure, we think it could be wise to scope up shares of blue-chip companies to ensure some stability to one’s portfolio returns. Significant market reach, pricing power, and…

Benzinga

Fortune 500 List Includes Cryptocurrency Company For The First Time; 30 Return After Missing 2021

Fortune released its annual Fortune 500 list, ranking the largest companies in America by revenue. The list included a cryptocurrency company for the first time and saw several newcomers from the previous year.

Tribune News Service

Walmart plans $3.99 drone deliveries in six states by year-end

Walmart Inc. and partner DroneUp LLC plan to expand their drone-delivery hubs to 34 locations in six states by year-end, taking a big step toward scaling up aerial dropoffs for U.S. shoppers even though big regulatory hurdles remain.

Benzinga

This Retail Giant Modernizes Supply Chain Network - Read How

Walmart Inc (NYSE:WMT) has expanded its commercial agreement with Symbotic LLC to implement the robotics and software automation platform. Symbotic's software platform will be implemented in all 42 of Walmart's regional distribution centers over the coming years. The move expands Walmart's previous commitment to deploy Symbotic Systems in 25 regional distribution centers. Symbotic System…

Benzinga

Amazon Explores Service That Could Reduce Its Capex

Amazon.com Inc (NASDAQ:AMZN) tested a service using its sprawling network of gig drivers to fetch packages from mall-based retailers and deliver them to customers, Bloomberg reports. Amazon can entertain shoppers seeking same-day or quicker shipping with a local mall store products struggling to remain relevant as shoppers flocked online. The program will…

Benzinga

Buying The Dip In Walmart & Target? Why These 3 Retail Stocks Are Better Options

The poor earnings reports from Walmart Inc (NYSE: WMT) and Target Corporation (NYSE: TGT) were shocking, Ryan Craver, founder of Commerce Canal, told Benzinga’s

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