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."
TikTok is releasing a new online shopping feature.
A new survey shows that 56% of investors expect personal consumption to take a downward turn at the start of next year.
A federal survey found that 60% of Americans say they have a hard time obtaining a loan or morgtage as well as a credit card.
New federal data shows that household wealth in the U.S. has broken a record, reaching $154.3 trillion in the second quarter.
Tuesday is National Video Games Day. John Biggs, editor of Knapsack News and host of the 'Keep Going' podcast, joined Cheddar News to provide tips on how to save money on your favorite games.
Childcare centers were given funds during the pandemic to help them stay open but those funds are now expiring which could affect tens of thousands of centers. David Peters, CPA and founder of The David Peters Financial Group, joined Cheddar News to explain the changes that are coming and how to save on child care.
'The Little Mermaid' got 16 million views on Disney+ so far after being released earlier this month.
McDonald's said it would eliminate self-serve soda machines by 2032.
Online prices just saw their biggest drop in three years, according to new data.
U.S. small business sentiment dropped in August, for the first time since April.
