WALMART

Walmart narrowly lifted its full-year forecast on Thursday following solid quarterly results as it continued to navigate a market challenged by elevated pricing that has depressed demand for some goods.

Retail sales, industrial production will also be released; Congress needs to reach an agreement to avert a government shutdown by the end of the week.

The fintech company said its revenue for FY23 was around $350 million, up from $197.7 million in the previous year. India is one of the world's front-runners in instant digital payments with about 40% of all payments being made digitally.

Asda signed a deal with India's top software services exporter Tata Consultancy Services (TCS) to ensure the company's smooth divestiture from Walmart.

Walmart paid $1.4 billion in July to buy investment firm Tiger Global's remaining stake in Flipkart to strengthen its control in the Indian retailer.

Walmart raised its full-year forecast on Thursday following a jump in quarterly profits, pointing to solid increases at US stores and e-commerce.

With more than 4,700 stores around the U.S. as of 2022, Walmart employs the maximum number of workers across the country and the world.

The recalled frozen fruit products were sold at well-known stores including Walmart, Target and Trader Joe's.

The recall affects products like sliced strawberries and smoothie blends. They were distributed to Walmart, Costco or HEB stores in certain states.

A particular component of the product may "fail" to restrain the seat properly during a crash.

Van Leeuwen Ice Cream has issued a voluntary recall due to the presence of an undeclared allergen.

There have been 34 reports of burn injuries in connection with the use of the appliance.

Walmart lifts forecast as it wins US grocery consumers due to inflation

Nine companies announced this month job cuts affecting thousands of workers as economic uncertainties continue to plague businesses.

Walmart is aggressively implementing automation and AI at its stores and warehouses across the country, but what will it mean for employees?

Walmart plans to have its own network of electric vehicle charging stations for public use by 2030, to tap into growing adoption of EVs in the United States.

"We believe that we have the building blocks in place to help define the next chapter of retail," Walmart's CFO John David Rainey said.

The swings came in Mickey Mouse, Minnie Mouse, or PAW Patrol designs.

The EEOC is seeking monetary relief from Walmart for the employee, including back pay as well as compensatory and punitive damages.

Some 581 cases of the product are affected by the recall.

Walmart is the big winner of a "trading down" retail market beating Target and Costco.