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Review & Preview: Oil Up, Market Down
Barrons.com9d agoneutral
Review & Preview: Oil Up, Market Down

The long awaited $2,000 iPhone Duo is here but it’s the market that folded on Wednesday, as higher oil prices and lower bond buybacks weighed on investors’ moods. The Dow Jones Industrial Average lost 0.8% while the S&P 500 fell 0.5% and the Nasdaq Composite slipped 0.6%. John Ternus, its new chief executive, faces increasing pressure to introduce newer, exciting products rather than incremental enhancements to get consumers to upgrade their smartphones more frequently.

Walmart Settles a Potential Multibillion-Dollar Opioid Case for $50 Million
Insider Monkey11d agoneutral
Walmart Settles a Potential Multibillion-Dollar Opioid Case for $50 Million

Walmart Inc. (NYSE:WMT) has resolved one of the US government’s most significant opioid cases against a single company for considerably less than the Justice Department initially suggested it could owe. The retailer agreed to pay $50 million to settle allegations that its pharmacies unlawfully dispensed opioid prescriptions and contributed to the nationwide crisis. Walmart (NYSE:WMT) […]

Jim Cramer Says Buy Walmart (WMT) as Target’s (TGT) Turnaround Gains Momentum
Insider Monkey11d agobullish
Jim Cramer Says Buy Walmart (WMT) as Target’s (TGT) Turnaround Gains Momentum

During the September 3 episode of Mad Money, a caller asked why Walmart Inc.’s (NASDAQ:WMT) stock has lagged behind Target despite widespread analyst opinions favoring Walmart. Here’s what Jim Cramer had to say: Well, Walmart’s now down 3%. I want to buy Walmart. But Target, see, the new CEO came in and he just kind […]

Retailers are Handling Tariff Refunds in Very Different Ways: Walmart and Home Depot
Insider Monkey12d agoneutral
Retailers are Handling Tariff Refunds in Very Different Ways: Walmart and Home Depot

Walmart Inc. (NASDAQ:WMT) and The Home Depot, Inc. (NYSE:HD) are both booking real tariff refund windfalls, but reporting and using the money in noticeably different ways, CNBC reported. Walmart CFO John David Rainey said the company is eligible for roughly $2.9 billion in refunds, has yet to receive just under $100 million of that, and […]