DIRS.INFO The most relevant business & tech news

☆ Walmart expects smaller drop in annual profit, announces $20 bln share buyback
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

The company also raised its full-year net sales expectations and announced a new $20 billion share buyback plan, pushing its shares up 5% in premarket trading. Walmart said it expects fiscal 2023 net sales to increase 5.5%, compared to its previous forecast of a 4.5% increase. Walmart enters the holiday quarter with inventories valued at nearly $65 billion, up from about $60 billion three months ago. However, Walmart forecast holiday quarter U.S. same-store sales, excluding fuel, to increase about 3%, below estimates of a 3.4% increase. Fourth-quarter adjusted earnings per share are expected to decline 3% to 5%, compared to analysts' estimates of a 4.5% fall.

☆ Jim Cramer reacts to earnings from Walmart, Home Depot
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer reacts to earnings from Walmart, Home Depot'Mad Money' host Jim Cramer and the 'Squawk on the Street' team react to Walmart's third-quarter earnings report, which beat Wall Street's estimates. Cramer also discusses shares of Home Depot following the company's latest quarterly earnings report.

☆ Walmart will report earnings before the bell — here's what to expect
▼ + stars: | 2022-11-15 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart on Tuesday will report its fiscal third-quarter earnings before the bell, as the retail giant caters to inflation-squeezed customers and gears up for the peak of holiday season. To drum up sales, Walmart, Amazon , Target and other retailers have kicked off the holiday season early. Walmart threw its own sales event in October to coincide with Amazon's second Prime Day-like sales event of the year. The company's shares closed Monday at $138.39, bringing Walmart's market value to about $375.62 billion.

☆ Walmart likely to benefit from macroeconomic pressures, analyst says
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart likely to benefit from macroeconomic pressures, analyst saysShikha Jain, partner at Simon-Kucher & Partners, discusses Walmart's quarterly earnings and the impact of current economic conditions on the retail sector.

☆ Walmart to pay $3.1 billion to settle opioid lawsuits
▼ + stars: | 2022-11-15 | by ( Dave Smith | ) www.businessinsider.com time to read: +1 min

Walmart is agreeing to pay more than $3 billion to settle lawsuits stemming from the opioid crisis. The deal is part of a landmark settlement with a group of state attorneys general. The group accused Walmart of failing to implement appropriate controls around opioid prescriptions. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyWalmart is agreeing to pay more than $3 billion to settle opioid lawsuits. Walmart's joining CVS and Walgreens in the settlement - those two chains have agreed to pay more than $5 billion each.

☆ Walmart earnings beat estimates as company makes improvements on inventory
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart earnings beat estimates as company makes improvements on inventoryCNBC's 'Squawk Box' team breaks down Walmart's third-quarter earnings report, which beat analysts' estimates ahead of the open on Tuesday.

Nov 14 (Reuters) - Walmart (WMT.N) and Target (TGT.N) results this week are likely to show that major retailers are heading for a turbulent holiday season as rampant inflation has made everything from toothpaste to Christmas sweaters more expensive for shoppers. "We have our expectations set really low, it's a difficult environment," said Bill Smead, chief investment officer of Smead Capital Management, which owns Target shares worth more than $200 million. Smead said recent warnings around demand from FedEx and Amazon did not bode well for retailers this season. The economic slowdown has led to expectations of a more muted holiday shopping season with everyone from Amazon to Walmart kick-starting holiday deals early to clear excess merchandise. However, Walmart and Target's scale and ability to undercut smaller retailers on price may still help them fare better than others as they attract more cost-conscious consumers looking to do their Christmas shopping on a budget, analysts said.

Show more Regular Annual Percentage Rate (APR) 19.99% - 26.99% Variable Editor's Rating 4.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Each calendar year after spending $60,000 on eligible purchases, Card Members are eligible to select an Earned Choice Award benefit. Read more: United Explorer card reviewCredit cards with airport lounge access frequently asked questions (FAQ)What are the Centurion Lounge locations? The Platinum Card® from American Express is the all-around best credit card for airport lounge access. Joseph Hostetler, CEPF Credit cards reporter Joseph Hostetler is a credit cards reporter for Insider who also covers helpful miles and points tricks.

☆ Retailers' biggest holiday wish is to get rid of all that excess inventory
▼ + stars: | 2022-11-13 | by ( Melissa Repko | ) www.cnbc.com time to read: +6 min

Investors want a clearer sense of how much excess stuff retailers have sold off — and how deep they may have to discount to keep merchandise moving. Retailers are under pressure to clear out inventory and start fresh in the next fiscal year. Walmart and Target were among the retailers that shocked investors with significant jumps in inventory levels in the first quarter, which ended April 30. Kohl's swung from having too little inventory last year to having ballooning inventory in the second quarter of this year. Excess inventory could downgrade the shopping experience this holiday season at some stores, too.

☆ Deutsche names Walmart a top pick, sees more outperformance from the retail giant
▼ + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Even as other retail companies struggle, Walmart is poised to outperform as more consumers look for value, according to Deutsche Bank. Analyst Krisztina Katai named the big-box retailer a top pick, calling the stock a defensive winner that will build on its recent gains. Walmart shares are up nearly 10% in the fourth quarter after popping 6.7% in July-September period. "We think value-focused retailers will continue to gain market share next year on accelerating trade down," she said in a note to clients. Given this, Katai said Deutsche raised its per-share earnings forecast for the third quarter by 2 cents to $1.33.

☆ Walmart was ordered to pay $420,000 after firing a worker with Down syndrome. It tried to get a fresh trial, but just had that request denied.
▼ + stars: | 2022-11-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A judge ordered Walmart to pay the worker $420,000 and rehire her, citing disability discrimination. Walmart requested a new trial, but that request has now been denied. In March, Walmart was also ordered to pay Spaeth a further $119,660, including back pay, and to rehire her. "Wal-Mart failed to accommodate Ms. Spaeth, unlawfully disciplined her, terminated her employment, and failed to rehire her," the EEOC wrote. William C. Griesbach, district judge for the Eastern District of Wisconsin, denied Walmart's request for a new trial and to remit damages on Monday.

☆ Leaked memo: Here's how Walmart is enticing its 1.6 million employees to sign up for its newly acquired online bank
▼ + stars: | 2022-11-09 | by ( Ben Tobin | Carter Johnson | ) www.businessinsider.com time to read: +5 min

But some Walmart employees are skeptical. A Walmart employee from Michigan who wished to remain anonymous asked, "What does Walmart get out of this?" The memo sent from One to Walmart employees specified that users aren't required to have a One account to get their paychecks from Walmart. The rollout of One to Walmart employees comes as current users of the neobank have expressed frustration that features they liked have disappeared in the wake of the acquisition. Many said they received little or no communication about changes to their accounts and described fears of being left behind as One execs turned their attention to Walmart employees and customers.

☆ Judge rejects Walmart's request for new trial after firing of employee with Down syndrome
▼ + stars: | 2022-11-09 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Marlo Spaeth (left) was fired from Walmart in July 2015, after working there for nearly 16 years. A federal judge has rejected Walmart's request for a new trial after a jury found the retailer discriminated against a longtime employee with Down syndrome by refusing to adjust her schedule and firing her. In a court filing on Monday, the judge stood by the July 2021 ruling. Spaeth's firing permanently shook up their lives and took away her sister's sense of purpose, Stevenson said. Among its arguments, Walmart said the federal agency did not prove the retailer knew Spaeth's scheduling challenges were related to her Down syndrome.

☆ Low-cost startup airline Breeze is launching 2 new routes from Southern California
▼ + stars: | 2022-11-09 | by ( Brady Macdonald | ) www.businessinsider.com time to read: +1 min

Breeze is launching its 100th route, a new transcontinental flight from California to Florida. Breeze plans to expand service at the slot-constrained John Wayne Airport in Orange County, California. Breeze is adding John Wayne Airport in Santa Ana, California to its map with new nonstop routes from Southern California to Orlando International Airport and Provo Municipal Airport in Utah near Salt Lake City starting on February 16. The upstart's new routes fits into the Breeze model of connecting leisure-heavy locations without nonstop service. Most major airlines serve John Wayne and Orlando, but flights between them require one or more stops.

☆ Chart to buy industrial tool maker Howden for $4.4 bln in clean energy bet
▼ + stars: | 2022-11-09 | by ( Andreas Rinke | Miranda Murray | ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - U.S. manufacturer Chart Industries Inc (GTLS.N) said on Wednesday it would buy UK-based industrial equipment maker Howden for $4.4 billion, in a bet on growing demand for clean energy technology. Chart makes engineering equipment used in liquefied natural gas, hydrogen, biogas and carbon dioxide capture industries, while Scotland-based Howden manufactures fans, steam turbines and other air and gas handling equipment. Atlanta-based Chart will buy Howden from private equity firm KPS Capital Partners through a combination of cash and preferred stock. The company has $3.38 billion of fully committed bridge financing in place from J.P. Morgan and Morgan Stanley. Reporting by Priyamvada C in Bengaluru; Editing by Devika Syamnath and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ An exec at Kevin Hart's production company reveals 3 strategies that helped her rise from assistant to VP of TV production in just 4 years
▼ + stars: | 2022-11-08 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Tiffany Brown is vice president of television at Kevin Hart's production company, Hartbeat. Brown, one of Insider's Rising Stars of the entertainment business, rose from assistant to VP in a few years. But staying at the assistant level forever wasn't in the cards for Brown, who in 2018 landed a gig as a junior executive at Hartbeat, comedian Kevin Hart's production company. Learn the basics and don't be above paying your dues"The first thing to focus on is doing the assistant job," Brown said. Foster close relationships with industry peers you like and trust"Some of the most important relationships that I have in this industry," Brown said, are the people she rose up with.

☆ Walmart's PAC has quietly donated nearly $1 million to campaigns ahead of the midterms. While the company has a ''don't rock the boat strategy,' it contributed to 41 election deniers.
▼ + stars: | 2022-11-07 | by ( Ben Tobin | Madison Hall | ) www.businessinsider.com time to read: +8 min

WALPAC donated almost 50-50 to Democratic and Republican federal candidates for the midterms. Walmart's PAC donated to 41 candidates who denied the 2020 presidential election results, ProPublica found. Of that, about 53% went to Republican candidates, and 47% went to Democrats. Some members of Congress, particularly among Democrats, also reject any corporate PAC contribution — WALPAC or otherwise — as a matter of practice. However, the company did donate a significant amount of money to candidates who voted against certifying the 2020 presidential election results.

☆ NHL roundup: Red Wings rally to edge Rangers in OT
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +3 min

[1/5] Nov 6, 2022; New York, New York, USA; Detroit Red Wings left wing Dominik Kubalik (81) skates down ice on a breakaway in the third period against the New York Rangers at Madison Square Garden. Detroit won its third straight when Kubalik waited at the right side of the net for a pass from David Perron and tipped in the puck past goaltender Jaroslav Halak. Officials briefly reviewed the play to see if the Red Wings were offsides and did not change the call, allowing Detroit to end its three-game road losing streak. Matt Luff and Pius Suter scored in the second period for Detroit, which also beat Washington and the New York Islanders before Sunday. The Ducks entered allowing an NHL-high 478 shots on goal -- and have yielded at least 44 in four straight games.

☆ Here are Friday's biggest analyst calls: Roblox, WeWork, Krispy Kreme, Boeing, Coinbase & more
▼ + stars: | 2022-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Roblox as buy Bank of America said it's standing by shares of the stock heading into earnings next week. JPMorgan downgrades Funko to neutral from overweight JPMorgan downgraded the pop culture toy company, noting it sees too much uncertainty. " Piper Sandler downgrades Atlassian to neutral from overweight Piper said it sees a slowdown in subscription billings for the software developer. " Bank of America reiterates Krispy Kreme as buy Bank of America said "brand health is strong but FX, UK, promos weigh," heading into Krispy Kreme earnings Nov. 15. Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said it sees 200% upside in shares of the golf company. "

☆ Jeff Bezos is interested in bidding for the NFL's Washington Commanders, reports say
▼ + stars: | 2022-11-03 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Jeff Bezos is interested in bidding for the NFL's Washington Commanders, multiple news outlets reported Thursday. The Washington Post is owned by Jeff Bezos. People reported Bezos' interest earlier Thursday. The reports came a day after current owner Dan Snyder hired Bank of America to explore a sale of the team. Bezos has a home in Washington, D.C., which is near the Commanders' stadium in Maryland.

☆ Walmart is offering a half-off deal for its Amazon Prime competitor, Walmart+, and it includes early access to Black Friday deals
▼ + stars: | 2022-11-02 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +5 min

Shoppers can access early Black Friday deals with a new Walmart+ membership offer. Insider previously reported on the Walmart+ membership in its entirety, including membership perks, and a side-by-side comparison of Amazon Prime and Walmart+. The comprehensive list of Walmart+ benefits are below:Early access to Walmart's online Black Friday deals: Walmart+ members loved getting early access to Walmart's online Black Friday deals last year and this year, Walmart is offering extended shopping hours. Walmart+ members loved getting early access to Walmart's online Black Friday deals last year and this year, Walmart is offering extended shopping hours. Unlimited free delivery : Walmart+ members can select free standard delivery from stores, and free shipping with no order minimum required.

☆ A Walmart-backed fintech has been making changes to an online bank it acquired. Long-standing customers are getting fed up.
▼ + stars: | 2022-11-02 | by ( Carter Johnson | Ben Tobin | ) www.businessinsider.com time to read: +15 min

But once the Walmart-backed fintech venture Hazel acquired One and adopted its moniker in January, some of the features that drew Gastley to the bank disappeared. The page has become, in some cases, the first place customers turn to for information about product changes. (Like most neobanks, One has partnered with a sponsor bank, the Washington-based Coastal Community Bank, to provide financial services.) But then One customers received an email from the bank on May 12: It would be closing current credit lines, effective immediately. That's not the only change to Pockets for which Joseph, who has dozens of the virtual bank accounts, didn't receive a notification about, he said.

☆ Elon Musk has given us a glimpse into his plans for increasing Twitter's revenue
▼ + stars: | 2022-11-02 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

If you're snoopy like me, you probably spend a lot of time looking at homes on Zillow or Google Maps. It's not all Google Maps-based side-hustle stories today; We've got other tech news to get to. There's a lot going on in the Musk-Twitter universe this week, and while much remains murky, Musk's plans for generating revenue (and cutting costs) are starting to solidify. Amazon Prime members just got a new perk. Per The Verge, Prime subscribers now have access to Amazon Music's full catalog of 100 million songs — but will only be able to listen on shuffle unless they pay extra.

How Consumers Credit Union auto loans compareHow Consumers Credit Union compares Consumers Credit Union Auto LoanPenFed Auto LoanNavy Federal Credit Union Auto Loans Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Borrowers who pay a one-time $5 membership fee to the Consumers Cooperative Association qualify for membership with Consumers Credit Union. If you make reliable, on-time payments, you may improve your credit score with an auto loan from a credit union. Consumers Credit Union will report your payments (or lack thereof) to the three major credit bureaus. Consumers Credit Union doesn't have a minimum credit score required for its auto loans.

☆ Major banks are bullish on Hong Kong's economy and China growth prospects
▼ + stars: | 2022-11-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

"Hong Kong business is as strong as it has ever been," said StanChart's CEO Bill Winters. I have every confidence Hong Kong will rebound strongly next year. People walk through Exchange Square in Hong Kong on October 28, 2022. Major lenders Standard Chartered and HSBC expressed confidence in the rebound of Hong Kong's and China's economy, even as China ramps up its Covid measures and Hong Kong's economy posted its worst quarter in more than two years. Eventually China will start to open up and the economy will rebound strongly," Quinn told CNBC.

Search resuls for: "Art's"

25 mentions found