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Build-A-Bear Workshop Q2 Earnings Call Highlights
MarketBeat23d agoneutral
Build-A-Bear Workshop Q2 Earnings Call Highlights

Build-A-Bear Workshop (NYSE:BBW) reported lower second-quarter revenue and profit as weaker store traffic and an underperforming summer trend assortment weighed on results, prompting the retailer to reduce its full-year revenue and pre-tax income outlook. Chief Executive Officer Chris Hurt said the

Investing.com26d agoneutral
Truflation sees July core PCE at 0.2% MoM, says Fed won’t hike this year

Investing.com -- Underlying U.S. inflation pressures are set to persist when the Bureau of Economic Analysis releases the July Personal Consumption Expenditures Price Index on Wednesday, but not enough to force the Federal Reserve into a rate hike this year, according to Truflation.

Walmart Is Playing the Long Game by Lowering Prices
The Wall Street Journal29d agoneutral
Walmart Is Playing the Long Game by Lowering Prices

Walmart’s finance chief had a message Thursday for analysts pressing the company on its decision to cut prices: Give it time. Walmart said it rolled back prices on more than 11,000 items, including ground beef, citing the ongoing strain on consumers of inflation and high gas prices. The move comes after the company received tariff refunds worth about $2.9 billion, which it’s using to fund the price cuts.

Walmart’s E-Commerce Sales Rise as Deliveries Accelerate
The Wall Street Journal29d agoneutral
Walmart’s E-Commerce Sales Rise as Deliveries Accelerate

Walmart said its U.S. e-commerce sales rose 24% in the second quarter, with more than 40% sales growth in deliveries fulfilled at its stores. CEO John Furner said Walmart has now expanded deliveries of 30 minutes or less into 38 U.S. markets. The number of units delivered in less than half an hour has doubled in the current quarter from a year ago, and 70% of all e-commerce orders are getting delivered on the same day or better, CFO John David Rainey said.

How Index Funds Went From Being Mocked to Feared in 50 Years
The Wall Street Journal29d agoneutral
How Index Funds Went From Being Mocked to Feared in 50 Years

Index funds went from a punchline to the investing world’s 800-pound gorilla. This month marks the 50th anniversary of the Vanguard First Index Investment Trust, now Vanguard 500, the original way for individuals to passively own the S&P 500 index. Founder Jack Bogle raised just $11 million, about a 10th what he had hoped, and it was dubbed “Bogle’s Folly.”

What Back-to-School Says About the Economy
The Wall Street Journal29d agoneutral
What Back-to-School Says About the Economy

Spending on K-12 and back-to-college combined is expected to hit a record of nearly $147 billion, according to the National Retail Federation. “Customers are responding to just absolutely fantastic investments in price,” Walmart’s U.S. CEO David Guggina said yesterday during the company’s earnings call that highlighted the cost pressures facing consumers. “We have a list of 14 key items that are priced less than what we saw in 2019,” he also said of the store’s school supplies, citing examples from the store’s Pen+Gear brand, which has crayons for 25 cents and No. 2 pencils for 92 cents.

S&P nearing 7,800 target — CIO on where to take profits
TheStreet29d agoneutral
S&P nearing 7,800 target — CIO on where to take profits

The S&P is already near Ahmed Riesgo’s 7800 target, and he says rising rates are the biggest risk to this market right now. He breaks down exactly where he’d take profits — and why he’s rotating money into bonds, healthcare, and equal‑weight exposure to stay ahead of the next move.