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."
MoviePass launched its points-based subscription service ahead of the busy summer season.
OpenAI may pull its services in Europe due to new regulations.
Delaware state officials are hoping artificial intelligence can help evacuate beaches when floods hit.
WeWork said its chief executive and chief financial officer both plan to step down.
Shares of e-commerce giant Alibaba fell as China braces for a new wave of Covid.
Dish Network is in talks to sell wireless phone plans through Amazon, according to The Wall Street Journal.
Best Buy topped profit estimates in its latest quarter but also said consumers are spending more cautiously.
Nvidia topped earnings expectations, citing surging demand amid heightened interest in artificial intelligence.
Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol in bars and restaurants as young as 14.
Target once distinguished itself as being boldly supportive of the LGBTQ+ community. Now that status is tarnished after it removed some LGBTQ+-themed products and relocated Pride Month displays to the back of stores in certain Southern locations in response to online complaints and in-store confrontations that it says threatened employees’ well-being.
