Walmart said Tuesday it would cut or relocate about 1,000 corporate workers as it looks to combine more of its global-technology and product teams, according to people familiar with the situation. This past summer Walmart hired Daniel Danker, who was an Instacart executive, to fill a new role as head of global AI acceleration. Since then Danker and Walmart’s head of global technology, Suresh Kumar, have reviewed their internal structures and decided to streamline some teams to operate more efficiently, the leaders said in a memo sent to staff Tuesday and viewed by The Wall Street Journal.
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There's a version of Walmart most people still picture. Fluorescent lights, crowded aisles, maybe a cart with a wobbly wheel. That version still exists. But the company Wall Street is paying 43 times forward earnings for? That's a different beast entirely.As of 2026, Walmart is a 63-year-old ...
The Dow Jones Industrial Average added 0.2%, while the S&P 500 also inched 0.2% higher and the Nasdaq Composite edged up 0.1%. Investor attention is focused squarely on events later in the week, including inflation data and a meeting between the U.S. and China. Sure, there’s still a war going on, and the impasse in the Gulf shows no signs of ending as the U.S. and Iran fail to reach a peace agreement.
Funko (NASDAQ:FNKO) executives said the company delivered a “really strong” first quarter as momentum from late 2025 carried into the new year, pointing to higher sales, record gross margin and improved point-of-sale trends. The company hosted its first-quarter financial results discussion from Fun
Moby summary of Lifetime Brands, Inc.'s Q1 2026 earnings call
Upcoming results from Walmart, Target and other retailers could offer fresh insight into how consumers are handling high gas prices and a tougher economic backdrop.
Checking out from a grocery store used to be a relatively simple thing. You waited in line, then a person scanned your items, you paid — maybe even by writing a check — and then went on your way. Some stores had 10-items-or-less lines, and the closest thing to a checkout controversy would be when ...
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