Walmart reports solid sales and profits
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Walmart Inc. showcases strong growth in grocery & digital, but cautious spending & valuation risks raise concerns. Click for my review of WMT Q2 earnings.
Shares of Walmart (WMT) fell 3% before the opening bell Thursday after the giant retailer reported fiscal 2026 second-quarter profit below expectation. The Bentonville, Ark.-based firm posted adjusted earnings per share of $0.
The week’s biggest news for Wall Street is likely arriving on Friday, when Federal Reserve Chair Jerome Powell will give a highly anticipated speech in Jackson Hole, Wyoming. The setting has been home to big policy announcements from the Fed in the past, and the hope on Wall Street is that Powell will hint that an interest rate cut is coming soon.
Stock Market Today: Dow, S&P 500 and Nasdaq edge lower as investors await Powell's Friday speech; Walmart shares slump after profit miss Follow all the latest U.S. market action for Thursday here to see if stocks can shrug off their latest rotation-based wobble as investors eye Walmart earnings and continue to eye Fed Chair Powell's speech on Friday.
China's Sinopec , reported a 39.8% drop in interim net profit due to lower oil prices, weaker fuel demand and as industry overcapacity weighs on margins at its chemicals business.
Net loss: AU$92.5m (down by 459% from AU$25.7m profit in FY 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Aveng shares are down 14% from a week ago.
BHP's shift in focus from iron ore to copper helped the company report a stronger than expected profit for the 2025 financial year
BHP said annual profit fell to the lowest in five years as sluggish demand from China weighed on iron ore prices and flagged a cut in capital and exploration spending but declared a bigger-than-expected final dividend,
Lowe's explained that with the addition of ADG, it was raising its full-year outlook for sales to $84.5 billion to $85.5 billion from the earlier prediction of $83.5 billion to $84.5 billion. Yesterday, rival Home Depot ( HD) affirmed its guidance as it saw demand growing.
Most pediatric practices lose money or break even on vaccines, but doctors say preventing disease matters more than profit
Chile's SQM , the world's second-largest lithium producer, reported a 59% decline in quarterly profit on Wednesday due to lower lithium prices.