Vizio televisions are displayed at a store in San Rafael, California, on Feb. 13, 2024. Justin Sullivan | Getty Images Vizio shares, which spiked after reports of the deal first emerged last week, closed at $9.53 on Friday. They jumped 15% during premarket trading Tuesday. Walmart and its Sam’s Club warehouse chain have long been … Read more
Drew Angerer | Getty Images With generative AI tools like ChatGPT bound to create more powerful personal assistants that can take over the role of customer service agents, the privacy of your online shopping chat conversations is becoming a focus of court challenges. Generative AI relies on massive amounts of underlying data — books, research … Read more
The Federal Reserve’s campaign to squash inflation is a long-term win for the U.S. economy, but investors in companies such as Walmart are paying the price now, CNBC’s Jim Cramer said Thursday. The U.S. retail behemoth, along with cybersecurity firm Palo Alto Networks and energy giant Chevron, all saw their stock prices decline meaningfully Thursday … Read more
Representative Image India’s retail chains have a rapidly growing and diverse customer base spread across different parts of the country, which often goes beyond its borders. This results in diverse consumer needs and preferences for businesses to cater to continuously. However, most Indian retailers might find the task challenging, to remain profitable in highly competitive … Read more
My top 10 things to watch Monday, Nov. 6 1. U.S. stocks tick up in premarket trading Monday, with S & P 500 futures up 0.16%, after equities rallied more than 5% last week. It’s the aftermath of the bulls’ victory — and here’s how the market can build on its best week of the … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Fast Money Bill Simon, Fmr. Walmart U.S. CEO, joins ‘Fast Money’ to discuss consumer stock weakness impact on Amazon Prime’s two-day event. 05:45 5 hours ago Source link
Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling semiconductor firm went public last month. But not as many investors know about Softbank’s “other” big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic, which Walmart has taken a big stake in itself. That … Read more
Levi Strauss cut its full-year sales forecast, citing weak sales of its denim at department stores and big-box retailers. The denim retailer said momentum at its own stores and website was not enough to offset weaker wholesale trends in the U.S. The company has put more emphasis on its direct-to-consumer business to help control its … Read more
Image source: Jaromila | E+ | Getty Images Consumers are still splurging for a side of fries with their meals. That can have a positive read-through for the economy. Frozen potato supplier Lamb Weston Holdings has seen the share of consumers ordering the iconic side with fast food meals — known as the fry attachment … Read more
Resale platforms at fast-fashion retailers like H&M, Shein and Zara are projected to have a minimal impact on reducing emissions, a new study has found. The companies can have a greater impact on the environment if they focus on using more sustainable materials or recycling. Premium apparel companies like Ralph Lauren can meaningfully reduce their … Read more