For Cheddar's Generation Trader series, sponsored by E*TRADE, we are going to highlight the most compelling business stories moving the market while utilizing E*TRADE's innovative trading platform. Cheddar Anchors Hope King and Baker Machado explain the factors driving Walmart's growth in the retail space.
Walmart is quietly outperforming the retail sector and the broader market. Walmart acquired Jet.com last year, and e-commerce sites Bonobos and Modcloth in 2017. The company is holding its own against the likes of Amazon.
Amazon and Walmart have both grown more than 40 percent year-to-date. On Wednesday, in a blog post, Walmart CEO Doug McMillon announced the company is changing its corporate name from "Wal-Mart Stores" to "Walmart." McMillon wrote, "changing our corporate name to Walmart is a way of better reflecting our company's path to win the future of retail."
President Joe Biden grabbed a bullhorn on the picket line Tuesday and urged striking auto workers to “stick with it” in an unparalleled show of support for organized labor by a modern president.
The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.
JPMorgan Chase agreed Tuesday to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.
New research looks into the pros and cons of remote work from the employer's perspective.
A major Pfizer plant in North Carolina is restarting production after tornado damage in the summer.
Costco is offering members health checkups for as low as $29.
The House of Representatives is set to vote to advance four separate funding bills as a shutdown looms.
Eight people were hospitalized after severe turbulence on a Jetblue flight from Ecuador to Fort Lauderdale, Florida.
Cannabis businesses in New York are growing increasingly frustrated over counterfeiting. Cheddar News spoke with Peter Tang, founder of Plugplay and Dr. Nima Majlesi of Staten Island University Hospital about the effects of counterfeiting.
Stocks fell in Tuesday's session as talks on a spending bill continue in Washington, DC to avert a government shutdown.
