|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||95.63 - 96.29|
|52 Week Range||77.50 - 109.98|
|PE Ratio (TTM)||54.86|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||2.08 (2.20%)|
|1y Target Est||104.11|
Rebecca Minkoff is feeling the effects of the latest tariffs, but she says she's not planning to inflict pricing pain on her customers. Fashion designer Rebecca Minkoff is feeling the effects of President Donald Trump 's tariffs, but she told CNBC on Friday she's not planning to inflict pricing pain on her customers. Minkoff's handbags are made in China and are subject to the new tariffs.
Tariffs may not weigh on stocks as much as investors think next week, CNBC's Jim Cramer says. The "Mad Money" host shares his game plan for the week, which will include an interview with J.P. Morgan CEO Jamie Dimon. The reason for the record highs in the S&P 500 and Dow Jones Industrial Average is staring investors in the face, CNBC's Jim Cramer said on Friday.
Walmart Inc. has sent a letter to U.S. Trade Ambassador Robert Lighthizer warning that proposed tariffs on $200 billion on Chinese goods would hurt consumers and American businesses.
Walmart will start to hike prices soon in response to the escalating trade war between the U.S. and China, former Walmart U.S. CEO Bill Simon predicts. "So far, Walmart's been able to absorb a lot of the pricing, and the question is how long can they do that," he says. Walmart is among hundreds of companies pushing back against Trump's tariffs.
U.S. equities on the S&P 500 sold off into Friday's close after spending the majority of the day in positive territory, joining the Nasdaq in the red for the day. The Dow Jones Industrial Average gained 0.26%, or 69 points to 26,726, while the S&P 500 fell 0.05%, or 2 points to 2,929, and the Nasdaq fell 0.51%, or 41 points to 7,987. activated a high-level emergency alert at a retired coal-fired power plant because of rising floodwaters from Hurricane Florence possibly breaching a dam nearby, the company said the dam has, in fact, been breached and coal ash could be flowing into nearby Cape Fear River.
Shares of Kroger (NYSE:KR) fell 10% in early trade Sept. 13 after it released earnings that beat estimates on the bottom line but came up short on the top. Kroger said it earned $797 million, 62 cents per share fully diluted, on sales of $27.869 billion, and declared a 14 cent per share dividend. The fall may have been inevitable considering the rise in Kroger stock since March when it dropped to as low as $23 per share.
Sharecare, the digital health company helping people manage all their health in one place, today announced it will be participating in Walmart Wellness events on Saturday, September 22 at more than 4,600 locations across the country. Sharecare’s participation in the largest health fair in the country is the latest expansion of its strategic partnership with Walmart – announced in May 2018 – aimed at helping people better understand, manage and improve their health. “Our customers and the communities they live in are central to everything we do at Walmart, and when you consider the fact that 140 million people shop with Walmart every week, our Walmart Wellness events have the potential to start a ripple effect of positive behavior change across the country,” said David Hoke, senior director of associate health and wellbeing at Walmart.
is the latest U.S. corporation to feel the sting of President Trump's tariff binge. The White House just put 10% tariffs on $200 billion worth of such imported goods as Christmas lights, shampoo, dog food, luggage, mattresses, and air conditioners, among other goods. Walmart shares are only down roughly 0.06% Friday Sept. 21 to around $95.6 a piece, as the broader US market has managed to shake off trade tensions, with the S&P 500 hitting record highs.
The EEOC, which enforces federal laws banning discrimination in the workplace, said Walmart's distribution center in Menomonie, Wisconsin, has discriminated against pregnant employees since 2014. Federal law requires employers to accommodate workers' pregnancies in the same way as physical disabilities. Arkansas-based Walmart is the largest retailer and private employer in the United States.
Target is among the hundreds of retailers and other companies pushing back against the new tariffs. U.S. Trade Representative Robert Lighthizer has received almost 6,200 comment letters on the tariffs so far. A coalition of roughly 300 retailers — including Kohl's, L.L. Bean, the Gap, Macy's and Under Armour — signed on to a letter strongly opposing the tariffs.
The EEOC, which enforces federal laws banning discrimination in the workplace, said Walmart's distribution center in Menomonie, Wisconsin, has discriminated against pregnant employees since 2014. Arkansas-based Walmart, the largest U.S. retailer, did not immediately respond to a request for comment. The EEOC in the lawsuit said Gilliam became pregnant in 2015, and Walmart denied her requests for restrictions on heavy lifting, additional breaks, and a chair to sit in while working.
A letter from Walmart (NYSE:WMT) to the Trump Administration warns that the tariffs on China would result in possible price hikes to many of the products that the company sells. According to the letter, these Walmart price hikes could harm the economy as shoppers avoid purchases.
AR/VR (augmented reality and virtual reality) is still in its early stages of development. But recently, there have been signs that companies are ready to embrace the technology.
Walmart has the lead—but Target has some advantages, too, according to a Friday note from Cowen & Co. analyst Oliver Chen. “Both retailers have demonstrated strong abilities to creatively innovate and leverage their infrastructure to drive digital growth and compete versus Amazon,” Chen wrote. • Walmart’s priorities in the coming years, according to Chen, should include growing its grocery business, partnering with more brands, and offering free delivery for more items.
Amazon’s Prime membership program has emerged as a very popular scheme that saw great levels of adoption among the online shoppers. It includes fast, free two-day shipping with flexible delivery options on over 100 million items including two-hour or one-hour delivery in select locations for household items, access to stream or download Prime media content covering thousands of popular songs, movies and TV shows, games and audio programs, shopping benefits and rewards including 5% back for members with Amazon Prime Rewards Visa Card, Alexa-assisted shopping, and early access to exclusive brands and deals, free subscription to thousands of top Kindle books and magazines, and early access to next month's new releases before the official publication date, and free, unlimited storage for photos.
Walmart Inc. has polled employees on which perks would be most “meaningful to new hires,” a sign that the retailer is considering fresh ways to deal with an ever-tightening labor market. The nation’s biggest private employer asked hourly workers to rate potential incentives, including a sign-on bonus, child-care services, tutoring and gym memberships, according to a copy of the survey obtained by Bloomberg News. Walmart has raised its starting hourly wage to $11, handed out bonuses and expanded its maternity and parental-leave policies this year to stay competitive in a taut labor market.
The letter comes days after U.S. President Donald Trump slapped tariffs on $200 billion worth of Chinese goods. Walmart, the world's largest retailer, in its letter said the tariff would impact prices of everything from food products to beverages and personal care items.
Walmart is harnessing the power of virtual reality to train over a million associates across the country. The big-box retailer will deploy 17,000 Oculus Go headsets to almost all of its 5,000 stores in an effort to provide its employees the caliber of training its managers get at the Walmart Academy facilities. Walmart took VR training for a spin at those facilities using PC-tethered Oculus Rifts, but the standalone Go headsets make it so much easier to expand the program.
Bill Simon, former Walmart U.S. CEO, and James Pethokoukis, American Enterprise Institute, discuss the potential impact from looming tariffs on consumer products as companies like Walmart say trade tensions may hurt business.
Walmart said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports. Fred Katayama reports.
Americans for Prosperity President Tim Phillips on why he disagrees with President Trump’s tariff fight with China.
Jon Hilsenrath, global economics editor for The Wall Street Journal, discusses the growth of the U.S. economy, President Trump’s trade war with China and Walmart’s warning that it may raise prices due to the president’s tariffs.