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Latest WMT News From Around the Web
Below are the latest news stories about Walmart Inc that investors may wish to consider to help them evaluate WMT as an investment opportunity.
Walmart (WMT) has pulled firearms and ammunition from the sales floor of some stores as widespread protests continue across the U.S. and, in some cases, have led to looting.Customers can still purchase these items, which are being stored in secured rooms.How much damage has occurred? "We've had some stores where...
Walmart Inc. (WMT) 2020 Annual Shareholders' Meeting June 03, 2020 11:30 AM ET Company Participants Greg Penner - Chairman Cesar Conde - Chairman of NBC Universal Telemundo Enterprises and NBC Universal Conrad McCarran - Senior Vice President, As You Sow Tim Flynn - Retired Chairman and CEO, KPMG Sarah Friar...
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in June 2020.
(Bloomberg) -- EBay Inc. raised its forecast for revenue and earnings in the current quarter as people flock to the online marketplace amid the Covid-19 pandemic that has left most physical stores shuttered for more than two months.EBay said it now expects sales of as much as $2.8 billion in the second quarter, up from a previous forecast for as much as $2.48 billion. In a filing the company said it sees adjusted earnings per share of as much as $1.06, up from 80 cents previously.More people are being drawn to EBay’s marketplace across a wide variety of categories, from home and garden to electronics, fashion and auto parts, EBay said. The site has seen about 6 million new and reactivated buyers added in April and May. Tens of thousands of small-business sellers have also flocked to the...
(Bloomberg Opinion) -- Euphemisms allow us to avoid confronting the cold, hard truth. Their ambiguity makes the terrible seem merely bad and the bad seem almost OK. It is a softening of subjective reality that allows us to happily live in deluded denial. This isn't a great strategy for relationships, for careers and, especially, for investors.Consider that we no longer have car crashes that kill more than 40,000 Americans a year. Instead, we have “accidents” caused by inattentive, reckless or -- to use a euphemism --impaired drivers. Companies don’t fire thousands of employees at a time, driving the unemployment rate higher; they downsize or, even worse, right-size. Even the word euphemism is itself a euphemism. It is a lie designed to hide an ugly truth from ourselves. “Banana” was an ...
(Bloomberg) -- Amazon.com Inc. is in preliminary talks to buy a stake in No. 2 Indian carrier Bharti Airtel Ltd. for at least $2 billion, Reuters reported, joining Facebook Inc. and other U.S. giants in betting on one of the world’s fastest-growing internet arenas.The U.S. online retailer is in early-stage discussions to buy about a 5% stake in the Indian wireless operator, Reuters said, citing anonymous sources. A deal will help Amazon access Bharti’s 300 million subscribers -- a user base akin to the entire U.S. population.American technology and investment giants have been buying stakes in Indian companies to build their presence in Asia’s second-most populous nation. Facebook agreed to invest about $5.7 billion into a unit of Mukesh Ambani’s Reliance Industries Ltd. in April, while ...
Google and Walmart establish dominance in India's mobile payments market as WhatsApp Pay struggles to launch
In India, it's Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. Google Pay had more than 75 million transacting users last month, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures told TechCrunch. In comparison, SoftBank -backed Paytm's app saw 30 million transacting users last month and an average of 10 million users transacted each day, people familiar with the matter said.
From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani's Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic. For Indian shoppers who prefer to order online, it is launching a grocery ordering service with Facebook Inc's popular WhatsApp messaging. India's 10-week lockdown has also led to a surge in demand for data, boosting Jio's phone and broadband offerings.
Google and Walmart’s PhonePe establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch
In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. In May, more than 75 million users transacted on Google Pay app, ahead of Walmart -owned PhonePe’s 60 million users, and SoftBank […]
Walmart is removing firearms and ammunition from sales floors in some of its stores following nationwide protests sparked by the death of George Floyd.