This Changes Things hosts Baker Machado and Hope King give a recap of the day's biggest earnings reports. Walmart dips in the e-commerce division as it fights to compete with Amazon. Plus, Home Depot thanks the booming housing market for its uptick in sales this past quarter.
Walmart says sales rose steadily over the holiday season, but online sales growth actually slowed last quarter. Its e-commerce sales in the U.S. grew 23% in the quarter, which is down from 50% in the third quarter of 2017. Walmart cited operational snags as the reason for the dip in their e-commerce business.
Plus. the housing market helps Home Depot hit a home run. The number one U.S. home improvement chain said sales at stores that have been open more than a year rose 7.5% last quarter.
The union representing Southwest Airlines pilots says it reached a new contract agreement in principle with the airline following three years of negotiations.
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened lower after the opening bell and on track for its first decline in 10 days after a recent winning streak.
Tesla drivers in the U.S. were in more accidents than drivers of any other car brand this year, according to a study.
The promise of self-checkout was alluring: Customers could avoid long lines by scanning and bagging their own items, workers could be freed of doing those monotonous tasks themselves and retailers could save on labor costs.
Monsanto was ordered to pay $857 million to students and parent volunteers at a Washington school.
A federal judge has struck down hundreds of lawsuits filed against the makers of Tylenol and generic acetaminophen.
California regulators are preparing to vote on new rules for turning recycled wastewater into drinking water.
