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Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

"The Walmart experience is better than it used to be, but it's still not a premium experience. Walmart is built on convenience, cost and...

Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

Higher-income consumers may be creating a frothy situation at Walmart.Even though affluent shoppers helped drive the retailer's latest beat on quarterly results, former Walmart...

U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base

US Treasury Secretary Janet Yellen delivers remarks at the Treasury Department's Committee on Foreign Investment in the United States conference at the Treasury Department...

Walmart to reportedly lay off hundreds of corporate staff and relocate others

Walmart megastore exterior and logo sign, Denver, North Carolina.Ucg | Universal Images Group | Getty ImagesWalmart is cutting hundreds of corporate jobs and asking most...

S&P 500 to fall 500 points and getting to 2% inflation soon is ‘pipe dream,’ Stifel says

Stifel Financial is predicting a rough road ahead for the S & P 500 . The investment bank forecasts the benchmark stock index will...

How retailers like Best Buy, T.J. Maxx and Home Depot quietly target ‘problem’ returners

Shoppers racked up more than $5 trillion worth of retail sales in the U.S. last year, according to the National Retail Federation. About 14.5%...

10-year Treasury yield rises as investors consider remarks from Fed officials

U.S. Treasury yields were higher on Thursday as investors considered remarks from Federal Reserve officials, scanning them for hints about the interest rate outlook.At...

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