Trump warns Walmart
Digest more
R etail giant Walmart is known for low prices, but those prices are about to go up. On its latest earnings call, CEO Doug McMillon and CFO John David Rainey warned that the compan
Google killed the Chromecast product line last year, but Walmart just quietly launched its own Onn 4K Plus streaming device to replace it.
The People's Union USA has organized a second boycott of Walmart to start on May 20. Here's why people are boycotting and more actions planned.
The group behind the boycott accused Walmart of driving out small businesses, underpaying workers and using corporate subsidies.
Because Walmart is such a better company today than in years past, it definitely deserves a higher-than-historical valuation. But Walmart's 10-year median P/E is 27.4. So investors aren't just paying a little more for the stock, they are paying a lot more. And that premium is hard to justify given the challenges Walmart is facing.
Explore more
Walmart’s Onn 4K Plus is now available for order online. The Google TV streaming device has a price tag of $30. The device offers 16GB of storage and support for USB-C, Dolby Atmos and Vision, and Wi-Fi 6.
Treasury Secretary Scott Bessent on Sunday played down inflation risks from the Trump administration’s tariffs, saying that he spoke to the head of Walmart and the retailer’s warnings of price increases for consumers were simply a “worst case scenario.