Tagwalmart

Walmart Stock Laughs Off Trade Tensions & Recession Hysteria

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By CCN Markets: Walmart is bucking the trend by boosting its fiscal 2019 earnings outlook after reporting strong second-quarter sales. The bullish projections and the rise in Walmart stock this week underscore that the retail giant is unfazed by mounting recession fears and the US-China trade war. Walmart's same-store sales for the second quarter ended July 31 rose 2.8%, beating analyst...

Walmart Cryptocurrency Won't Suffer Facebook's Dismal Libra Fate: Analyst

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Cowen, a veteran analyst and research group, believes that Walmart will face less political opposition than Facebook if and when it decides to launch its own cryptocurrency. Government Likes Walmart Better Than Facebook? Walmart revealed last week that it was looking into the creation of a stablecoin, via a patent filing. The digital currency variant could have amazing possibilities, given...

Forget Facebook: Walmart Just Might Reshape Crypto Forever

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Like as not, you’ve heard the news: Walmart has laid the groundwork to create its own "cryptocurrency." The move to patent a blockchain-based stablecoin variant generates speculation. Is Walmart trying to compete with Facebook Libra? Will CEO Doug McMillon be hauled in before legislators to defend his company’s right to innovate? Will the token ever actually launch at all? Too early to tell. Does...

Dow Flinches as Walmart-Led Lobby Demands Probe of Amazon & Google

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The stock market’s trade war jubilee doesn’t look poised to carry over into a second day, as the Dow struggled to build on yesterday’s triple-digit gain. Rather, the index teetered sideways after a Walmart-backed retail coalition demanded that the Trump administration target Amazon and Google for anticompetitive practices. Dow Teeters in Wake of G-20 Euphoria All of Wall Street's major indices...

How Walmart Triggered This Ballistic Cryptocurrency Rally

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When publicly-traded companies like Walmart make a splash in crypto, they usually launch their projects on private blockchains. On those rare occasions when they hazard to venture outside these walled gardens, it’s generally on a large-cap cryptocurrency network with brand recognition: Ethereum, Ripple (XRP), and Stellar rank among the usual suspects. So when one of the world’s largest retailers...

Walmart In-Home Delivery a Security Threat and Amazon Knock-Off

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By CCN: For a company that can’t even employ staff members capable enough to direct shoppers to the right aisle, Walmart is taking an enormous gamble asking customers to trust them to enter their homes. But that’s exactly what the Bentonville, Ark. behemoth is planning to do in a bid to take on Amazon in the burgeoning home-delivery market. It is pure madness. But will it work? Anyone Want...

Critics Slam Walmart for Siding With Bernie Sanders on Minimum Wage

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By CCN: Walmart held its annual shareholder meeting on Wednesday. Normally these are dry events, but Bernie Sanders brought plenty of drama to this year's edition. Sanders showed up, in person, to make his demands clear. These include a minimum wage of $15 for all Walmart employees and putting hourly workers onto the company's board of directors. Sanders Takes Shots at Walton Family Sanders has...

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