Business - Page 6

Walmart Sales Growth Slows as US Shoppers Pull Back Business

Walmart Sales Growth Slows as US Shoppers Pull Back

Walmart's US comparable sales grew just 2.6% in the second quarter, the slowest pace in six years, even as revenue rose and the retailer lifted its annual outlook.

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L3Harris removes CEO Kubasik after conduct investigation Business

L3Harris removes CEO Kubasik after conduct investigation

L3Harris appointed Sam Mehta as CEO after an independent investigation led to Christopher Kubasik's immediate departure, while shares fell 4.6%.

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Asian refiners buy US crude as Hormuz risks reshape oil trade Business

Asian refiners buy US crude as Hormuz risks reshape oil trade

South Korean, Japanese and Taiwanese refiners secured at least 6 million barrels of US crude as Hormuz risks drive supply diversification.

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Reddit to Join S&P 500 as Shares Surge Business

Reddit to Join S&P 500 as Shares Surge

Reddit will join the S&P 500 on August 18, prompting index-fund buying after strong revenue, profit and audience growth.

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Cooling US Wholesale Inflation Sends S&P 500 to Record High Business

Cooling US Wholesale Inflation Sends S&P 500 to Record High

U.S. producer prices were flat in July and annual inflation slowed to 4.7%, helping the S&P 500 reach a record as investors reduced bets on a September rate increase.

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Oil Volatility Grips Markets as Hormuz Uncertainty Persists Business

Oil Volatility Grips Markets as Hormuz Uncertainty Persists

Brent crude swung above $90 and below $87 before settling higher as uncertainty over Strait of Hormuz shipments pressured stocks and the rate outlook.

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Nvidia and Wall Street Firms Launch $500 Billion AI Financing Platforms Business

Nvidia and Wall Street Firms Launch $500 Billion AI Financing Platforms

Nvidia is partnering with six global financial groups on platforms intended to mobilize more than $500 billion for AI infrastructure.

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China Consumer Inflation Slows as Factory Prices Stay Elevated Business

China Consumer Inflation Slows as Factory Prices Stay Elevated

China's July consumer inflation slowed to 0.5% while factory-gate prices rose 3.5%, highlighting weak household price pressure and elevated industrial costs.

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US Senate Vote Reduces Shutdown Risk but December Deadline Looms Business

US Senate Vote Reduces Shutdown Risk but December Deadline Looms

A bipartisan 90-6 Senate vote advances funding through December 11, easing immediate shutdown risk while House approval and full-year budget talks remain unresolved.

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US Payrolls Fall as Markets Reassess Rate Outlook Business

US Payrolls Fall as Markets Reassess Rate Outlook

US employers unexpectedly cut 23,000 jobs in July, sending stocks higher and prompting markets to reconsider the path of Federal Reserve rates.

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UK Clears Paramount's $81 Billion Warner Bros. Discovery Takeover Business

UK Clears Paramount's $81 Billion Warner Bros. Discovery Takeover

British regulators cleared Paramount's $81 billion Warner takeover after binding safeguards, but a lawsuit by 12 U.S. states still delays completion.

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Electronic Arts Closes Record $55 Billion Private Equity Buyout Business

Electronic Arts Closes Record $55 Billion Private Equity Buyout

Electronic Arts has completed a record $55 billion sale to PIF, Silver Lake and Affinity Partners, ending its public-market listing.

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