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☆ Trump's trying to get the Mar-a-Lago classified documents case tossed, again arguing he's entitled to presidential immunity
▼ + stars: | 2024-02-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Former President Donald Trump's lawyers are trying to get the Mar-a-Lago classified documents case thrown out. Trump's lawyers on Thursday filed several motions to dismiss the case, including one centering on the argument that Trump should be entitled to presidential immunity. The motion acknowledges a Washington, DC appeals court decision on February 6. AdvertisementNow, on the Mar-a-Lago case, Trump's lawyers are arguing that the DC appeals court "erred in finding that President Trump was not entitled to presidential immunity." Trump's lawyers have also argued that the case should be dismissed, based on their allegation that special counsel Jack Smith was unlawfully appointed.

Persons: —, Donald Trump's, Trump, Jack Smith, shouldn't Organizations: Service, Trump, Circuit's, Business Insider Locations: Washington, Florida

☆ Trump urges IVF protection in Alabama after embryo ruling stokes panic
▼ + stars: | 2024-02-23 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

"Today, I am calling on the Alabama Legislature to act quickly to find an immediate solution to preserve the availability of IVF in Alabama," Trump wrote in a Truth Social post. The Alabama Supreme Court ruled last Friday that "unborn children" are included in a state law allowing for wrongful death lawsuits by the parents of deceased children. Trump's post followed waves of criticism from President Joe Biden and other Democrats, who say the Republican ex-president's involvement in canceling longstanding abortion rights laid the foundation for the Alabama ruling. At least three IVF clinics in the state paused their fertility treatments following the ruling, out of concern about their legal exposure. Democrats accuse Republicans of seeking to further erode abortion access and threaten related rights, pointing to the Alabama ruling as evidence.

Persons: Donald Trump, Alabama's, Trump, Joe Biden, Roe, Donald Trump's, Wade, Biden, Julie Chavez Rodriguez Organizations: Christian Media, The Gaylord, Center, Alabama Legislature, Alabama, Republican, Centers for Disease Control, Biden, The New York Times, Republican Party, Republicans, Conservatives, Great Republican Party Locations: Nashville , Tennessee, Alabama, Alabama's Constitution, America

☆ Most UK firms stick with a four-day working week after taking part in world's biggest trial
▼ + stars: | 2024-02-22 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Most companies involved in the world's largest trial of a four-day working week have made the policy permanent, according to a new report. Of the 61 British companies that took part in a six-month pilot in 2022, at least 54 (89%) said the policy was still in place, while 31 firms (51%) said they had permanently switched to a four-day working week. The companies involved were invited to take part in a follow-up study one year on from the world's biggest trial of a shorter working week to date. "Overall results have held and in some cases have even continued to improve," Schor said in a statement. Job satisfaction and sleep problems nudged down a bit, but the bulk of the original improvement remains."

Persons: Juliet Schor, Schor Organizations: Frankfurt Central, Autonomy, Boston College Locations: Frankfurt, Germany

☆ Dealmaking is showing signs of life, but it comes with some downsides
▼ + stars: | 2024-02-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why M&A could be staging a comeback and which bankers made the most of 2023 . The big storyDealmaker's delighttatomm/iStock, Tyler Le/BIThree monster deals announced in less than a week has Wall Street wondering: Is M&A back? But after a dreadful 2022 and 2023, dealmaking is showing signs of life, Business Insider's Theron Mohamed writes. Capital One, Truist, and Walmart announced acquisitions totaling $53 billion this week, leaving bankers hopeful the good times (and fees) are back. Deals represent an exit opportunity for companies, giving their investors (some of whom are employees) a chance to cash out.

Persons: Tyler Le, Theron Mohamed, Biden, Alex Morrell, Reed Alexander, Alyssa Powell, Emily Stewart, Wall, it's, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Goldman Sachs, Carlos Delgado, Associated Press Rivian, Rivian, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Federal Reserve, Walmart, Activision Blizzard, ExxonMobil, Cisco, Acquisitions, Activision, Wall Street, Big Tech, Nvidia, ING, Microsoft, Associated Press, BI, Google, Walgreens, Sunshine State, CVS, Intuit, Nestle, Square Locations: Europe, Florida, VillageMD, New York, London

☆ Walgreens earns a unwanted title as it's booted from the Dow for Amazon. How it happened
▼ + stars: | 2024-02-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Walgreens has the dubious distinction of being one of the stocks that has had the shortest duration in the Dow Jones Industrial Average. At $22, Walgreens has the lowest stock price in the index, which traditionally would make it a target for replacement. "Since the indexes are price weighted, the Index Committee evaluates stock price when considering a company for inclusion. Right now, the highest priced stock, UnitedHealth Group , is more than 23 times the value of the lowest priced stock, Walgreens. Finally, one wonders how Uber executives feel about the decision to put them into the Dow Jones Transportation Index.

Persons: Dow Jones, Dow Industrials, Uber, CNBC's Robert Hum Organizations: Walgreens, Dow Jones, Alliance, Dow, UnitedHealth, Walmart, WBA, General, General Electric, U.S Rubber, GE, Dow Jones Transportation, JetBlue, Transports, Avis

Learn moreThe remaining first legs of the last 16 continue tonight in the Champions League, and we've found multiple options on where to watch a free Napoli vs. Barcelona live stream. Then get stuck in and enjoy this free Champions League live stream. How to watch Napoli vs. Barcelona live stream with a VPNSign up for a VPN if you don't have one. Where to watch Napoli vs. Barcelona in AustraliaThe Champions League is a Stan Sport exclusive in Australia and you can watch every game there. So, if you can get around all this, you can enjoy the best value Champions League live streams in the world.

Persons: we've, you'll, You'll, Stan, Stan Sport, AWST, ExpressVPN, you've, Stan Sport's Organizations: Business, Champions League, League, Porto, Arsenal, Napoli, Belgian, RTL Club, BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS, Netflix, PayPal Locations: Barcelona, Naples, Belgium, Austria, Luxembourg, Austrian, RTL2, Australia, USA

☆ It looks like high-income shoppers are becoming increasingly loyal to Walmart
▼ + stars: | 2024-02-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Walmart is cutting prices on essentials like eggs and breadInflation has cooled in recent months after soaring during the pandemic. "Some of this is the result of customer acquisition becoming more modest, and some is because of the continued financial pressure on core Walmart shoppers which is seeing them cut back on non-essential spending," he wrote. Saunders noted that lower levels of inflation would make it harder for Walmart to acquire new customers. "This essentially puts Walmart in the position of having to work far harder and more creatively to generate growth," he wrote.

Persons: Walmart's, —, John David Rainey, Rainey, Neil Saunders, Saunders, Doug McMillon, McMillon, John Furner, Furner Organizations: Walmart, Service, GlobalData, Bureau of Labor Statistics, Shoppers

☆ New York Attorney General says she'll seize the Trump Building if Donald Trump can't pay his $355 million fine
▼ + stars: | 2024-02-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Former President Donald Trump could lose his prized buildings if he isn't able to pay his civil fraud penalty, says New York Attorney General Letitia James. The former president was hit with a $355 million penalty in a New York civil fraud case last week. She suggested that they were looking to seize Trump's Manhattan skyscraper, the Trump Building, if the GOP presidential frontrunner doesn't pay up. AdvertisementRepresentatives for Trump did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Donald Trump, Letitia James, James, Trump, doesn't, Jean Carroll, John Bolton Organizations: Service, New, ABC News, Trump, MSNBC, Business Insider Locations: New York, Manhattan, New Yorkers

☆ Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyers
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +18 min

AdvertisementWalmart would not provide details on its points-based attendance system to Business Insider. AdvertisementSimilar to Walmart's policy, Amazon uses a points-based attendance system that could land employees in hot water if they hit eight points in a rolling 60-day period, according to the company. Many companies, including mid-size ones, have started to implement a points-based system to track lateness and absences, Zambrano noted. Amazon disputed the description of its points-based attendance system as totally "automated." "The attendance system works very similar to a standard time clock system," Stephenson, Amazon's spokesperson, told Business Insider.

Persons: Ron Zambrano, Zambrano, Lizzo, Nick Yasman, Yasman, Kelly Hellbusch, Hellbusch, Julio Cortez, Sam Stephenson, Stephenson, There's, Patricia Caputo, " Caputo, Caputo, Artur Widak, Amazon, Caputo wasn't, Mekaliah Torres, Torres, David Wagner, Wagner, Larreon Murphy, Murphy, they're, Elizabeth Gedmark, Gedmark Organizations: Walmart, Trial, Amazon, Business, West Coast, Lawyers, Employees, West Coast Trial, AP, United, Zambrano , West, California's Kern County Superior Court, Superior Court, California's Riverside County Superior Court, California's Sacramento County Superior Court Locations: California, Amazon, New York, Zambrano ,, California's Kern County, California's Fresno, California's Riverside County, California's Sacramento County

☆ A man managed to board a flight at a London airport without a ticket by tailgating through checkpoints, the 2nd similar incident in 2 months
▼ + stars: | 2024-02-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Read previewA man boarded a plane without a ticket at the UK's second-busiest airport, a second such incident in under two months at London airports. This story is available exclusively to Business Insider subscribers. In a statement shared with Business Insider, Sussex Police, which has jurisdiction over Gatwick, described the event as a "medical incident." The incident is the second time in under two months that a passenger has managed to board a plane at a London airport without a ticket. In December, a British man managed to fly without a passport from London Heathrow Airport to New York.

Persons: —, Craig Sturt, Sturt wasn't, Sturt Organizations: Service, Norwegian Air Shuttle, Business, Gatwick Airport, Police, Passengers, BI, Boeing, Sussex Police, Gatwick, Airport, British Airways, Sun, London's Metropolitan Police Locations: London, London Gatwick, Copenhagen, Denmark, Flightradar24, British, New York

☆ Walmart CEO says the big-box retailer is well-positioned to grow its advertising business
▼ + stars: | 2024-02-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

After Walmart 's earnings report impressed Wall Street on Tuesday, CEO Doug McMillon told CNBC's Jim Cramer that his company has unique advantages in the advertising space. "When you grow your digital reach, and you've got an e-commerce business that's scaling like ours is," McMillon said, "You get an opportunity to sell advertisements, and we can connect the dots for advertisers." Walmart's global advertising business climbed 28% for the year, McMillon said, adding that the big-box retailer's e-commerce sales topped $100 billion for the first time. The company also announced on Tuesday it would acquire TV maker Vizio for $2.3 billion to further grow its ad business. According to McMillon, Walmart's strength lies in its reach and ability to effectively measure the success of advertisements.

Persons: Wall, Doug McMillon, CNBC's Jim Cramer, you've, McMillon, we've Organizations: Walmart

☆ Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business
▼ + stars: | 2024-02-20 | by ( Jacob Pramuk | ) www.cnbc.com time to read: +2 min

Walmart has agreed to buy TV maker Vizio , the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. But in buying the company, Walmart touted the potential to boost its ad business through Vizio's SmartCast Operating System, which allows users to stream free ad-supported content on their TVs. As it pushes for higher profits, the retail titan has tried to expand its media business Walmart Connect, which comes with bigger profit margins than selling groceries or clothing. In a news release, Walmart said Vizio's SmartCast system has 18 million active accounts.

Persons: Seth Dallaire Organizations: Walmart, Vizio, Walmart Connect, Walmart U.S, CNBC PRO Locations: Secaucus New Jersey, U.S

☆ An Alabama judge ruled that frozen embryos are people, and reproductive rights advocates are sounding the alarm
▼ + stars: | 2024-02-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

In its decision, which has already drawn criticism from reproductive rights advocates, the Alabama Supreme Court ruled that frozen embryos have the same rights as living children under Alabama's Wrongful Death of a Minor Act. AdvertisementSome experts on reproductive rights are already sounding the alarm over the new ruling. "This is a cause of great concern for anyone that cares about people's reproductive rights and abortion care." AdvertisementThe case reached the Alabama Supreme Court after a lower court dismissed the couples' claims, though they later appealed. Later this year, the Supreme Court is expected to rule on access to mifepristone, a drug that can terminate a pregnancy alongside misoprostol.

Persons: —, Alabama that's, they're, Tom Parker, Roe, Wade, Dana Sussman, Sussman, they'll, misoprostol Organizations: Service, Business, Pregnancy, Washington Post, The Center, Reproductive, Center for Reproductive Medicine, Mobile Infirmary Medical Center, Medical Association of Locations: Alabama

☆ TD Cowen's Oliver Chen reiterates Walmart's buy rating: It's a 'tech-enabled company'
▼ + stars: | 2024-02-20 | 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 EmailTD Cowen's Oliver Chen reiterates Walmart's buy rating: It's a 'tech-enabled company'Oliver Chen, TD Cowen managing director, joins 'Money Movers' to discuss the key highlights from the retail sector's recent earnings announcements, catalysts for Walmart's growth from here, and much more.

Persons: Cowen's Oliver Chen, Oliver Chen, TD Cowen

☆ Appeals court will rehear challenge to Nasdaq board diversity rule, putting mandate at risk
▼ + stars: | 2024-02-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A federal appeals court agreed to rehear a challenge by two conservative groups to Nasdaq's board diversity rule related to the disclosure of women and minority membership on boards of companies listed on the stock exchange. The 5th Circuit U.S. Court of Appeals, in its order Monday night setting a rehearing, also vacated a decision in October upholding the Nasdaq rule by a three-judge panel from the appeals court, which encompasses Texas, Louisiana, and Mississippi. The Nasdaq rule requires companies to disclose details about the diversity of their boards of directors, and to either have a minimum number of women and minorities on their boards or explain why they do not. "NASDAQ's rule promotes racial discrimination and polarizing personal disclosures and it is to be hoped that this rule is struck down," Blum said. The SEC and Nasdaq did not immediately respond to requests for comment on the rehearing order.

Persons: Edward Blum, " Blum, Margaret Little Organizations: Times, NASDAQ, 5th Circuit U.S, of Appeals, Nasdaq, Securities, Exchange, Alliance for Fair, National Center for Public Policy Research, Fifth Circuit, SEC Locations: New York City, Texas, Louisiana, Mississippi

☆ Amazon to replace Walgreens in Dow Industrial Average next week
▼ + stars: | 2024-02-20 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average, according to a Tuesday announcement from S&P Dow Jones Indices, which manages the price-weighted measurement of 30 stocks. Amazon shares moved up 1% in extended trading, and Walgreens stock moved 3% lower. "Reflecting the evolving nature of the American economy, this change will increase consumer retail exposure as well as other business areas in the DJIA," S&P Dow Jones Indices said in a statement. Amazon's arrival in the Dow Jones comes three years after business software maker Salesforce joined, along with Amgen and Honeywell International. In the most recent quarter Walgreens narrowed its losses to $278 million from $3.8 billion in the year-ago quarter, excluding non-controlling interests.

Persons: Dow, it's, Andy Jassy, Jeff Bezos, Dow Jones, Salesforce, Amazon's Organizations: Walgreens, Alliance, Dow Jones, Dow Jones Indices, Walmart, Amazon, Microsoft, Honeywell International, Dow, GE

☆ This AI startup founded by ex-Googlers just raised $35 million. Check out the 12-slide pitch deck Bioptimus used to land the funds.
▼ + stars: | 2024-02-20 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Bioptimus, a new French AI startup for life sciences, has raised $35 million in seed funding. Founded in 2023, Bioptimus is the brainchild of Jean-Philippe Vert, a former research scientist at Google and recently chief R&D officer at French health AI startup Owkin. The company was formed to capitalize on the enormous potential of AI in biological sciences, Vert told Business Insider. "There is something very special now about AI," Vert said. Owkin, Vert's former employer, is an investor and partner to the startup, as is tech entrepreneur and investor Xavier Niel.

Persons: Bioptimus, Jean, Philippe Vert, Rolophe Jenatton, Xavier Niel Organizations: Google, Business, Sofinnova Partners, Cathay Innovation, Harvest, Fundraising Locations: Owkin

☆ Walmart beats Wall Street’s holiday expectations as e-commerce sales soar
▼ + stars: | 2024-02-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

In this article WMT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowWalmart said Tuesday that quarterly revenue rose 6%, as shoppers turned to the big-box retailer throughout the holiday season and the company's global e-commerce sales grew by double digits. Yet, he said even after the holiday rush, Walmart saw continued sales strength. Walmart said it expects consolidated net sales to rise 4% to 5% in its fiscal first quarter. Comparable sales, an industry metric also known as same-store sales, rose 4% for Walmart U.S. At Sam's Club, comparable sales increased 1.9%, including fuel. Global e-commerce sales jumped 23% year over year, topping $100 billion in total.

Persons: John David Rainey, Rainey, Walmart's, Doug McMillon, McMillon Organizations: Walmart, CNBC, Electronics, LSEG, Walmart U.S, Sam's Club, Global, Home Locations: U.S

☆ Strong earnings and an online advertising play by Walmart have us wondering about Costco
▼ + stars: | 2024-02-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Sectors leading: Consumer staples were outperforming, led by Dow stock Walmart 's 3.5% gain. Jim Cramer said, "Walmart has tried to keep prices down, but Costco is lowering across the board. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Jensen Huang, Eaton, Bausch, Jim Cramer's Organizations: CNBC, Dow, Walmart, Costco, Semiconductor, Computer, Nvidia, Caterpillar, Palo Alto Networks, Realty, Bausch Health Companies, Jim Cramer's Charitable Locations: We're, homebuilding, BLCO

☆ Hackers are targeting Walmart Spark drivers' accounts and using them to shop for the delivery service, drivers say
▼ + stars: | 2024-02-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

The problem has popped up in about half a dozen posts in Facebook groups for Spark drivers over the last two weeks. Some legitimate drivers told BI they were kicked off of Spark after trying to verify themselves, for example. Drivers should report any concerns to Spark Driver support so we can look into it further and take the appropriate action." Walmart Spark drivers' identities are at risk. Do you work for Walmart Spark, Instacart, Uber Eats, or another gig delivery service?

Persons: —, Sherry Medellin, she's, hadn't, hasn't, Uber Organizations: Service, Business, Walmart, BI Locations: El Paso , Texas, Medellin, Texas, North Carolina

☆ Job posts for workers without degrees are booming. The actual hiring doesn't always follow
▼ + stars: | 2024-02-19 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +10 min

But as data emerges on degreeless hiring, there are signs that some of these efforts may be falling short. It's based on limited data and doesn't consider alternative pathways that people without degrees use to join organizations, such as through apprenticeships and internships. But it's still a snapshot look at how some of the top employers in the U.S. are doing in their efforts to hire more workers based on skills versus degree attainment. Rather, it implies managers may be reticent to hire people without degrees, absent specific policies to assess these workers' skills. Companies that have been successful with skill-based hiring also articulate clearly the skills they require for a job, even before posting it.

Persons: it's, Matt Sigelman, What's, Sigelman, Schultz, Joseph Fuller, Fuller, Tyson, Lockheed Martin, Kroger, Stellantis, Backsliders, Meijer, Delta Organizations: Burning Glass Institute, Harvard Business School, Glass Institute, Workers, American, Foundation, Walmart, Apple, GM, Koch Industries, General Motors, Target, Tyson Foods, ExxonMobil, Yelp, Bank of America, Oracle, Companies, Lockheed, Stellantis, CNBC, Amazon, Nike, Delta, Uber, HSBC, Novartis, Delta Air Lines, US Foods Locations: U.S, Meijer

THE HAGUE, Netherlands (AP) — Historic hearings are opening on Monday at the United Nations’ top court into the legality of Israel’s 57-year occupation of lands sought for a Palestinian state. Israel captured the West Bank, east Jerusalem and the Gaza Strip in the 1967 Mideast war. It has built 146 settlements across the West Bank, according to watchdog group Peace Now, many of which resemble fully developed suburbs and small towns. An additional 200,000 Israelis live in settlements built in east Jerusalem that Israel considers to be neighborhoods of its capital. Israel’s annexation of east Jerusalem, home to the city’s most sensitive holy sites, is not internationally recognized.

Persons: Israel, ”, Omar Awadallah, Yuval Shany, It’s Organizations: United Nations ’, International Court of, General Assembly, of Justice, West Bank, Palestinian, Palestinian Foreign Ministry, Hebrew University, Israel Democracy Institute, Hamas, South, African National Congress Locations: HAGUE, Netherlands, Palestinian, Israel, Gaza, Jerusalem, Jordan, Egypt, South Africa, israel

(AP) — Republicans hoping to pick up an open U.S. Senate seat in deep blue Maryland have the most competitive candidate they've fielded for decades. She supports abortion rights unequivocally and said she probably will back a candidate who doesn't hedge. Photos You Should See View All 33 ImagesHogan has said he does not support taking abortion rights away, even though he personally opposes abortion. “For eight years, we proved that the toxic politics that divide our nation need not divide our state," Hogan said. The state approved legislation in 1991 to protect abortion rights if the Supreme Court were to allow abortion to be restricted.

Persons: they've, Larry Hogan, Hogan, Lynn Johnson Langer, ” Langer, ”, don’t, Langer, Mileah Kromer, “, that’s, ” Hogan, Donald Trump, Roe, Wade, Mary Kfoury, that's, Kfoury, Kromer, it’s, Larry Hogan Won, Sen, Ben Cardin pounced, Angela Alsobrooks, Prince George's County, Rep David Trone, Alsobrooks, Wes Moore's, Robin Ficker Organizations: —, Senate, U.S, Maryland, Democrat, Republicans, Democratic Party, Goucher College, Trump, Republican, Blue State Republican, GOP, Prince, Democratic, Rep, CNN, Voters, Catholic, Democratic Gov, Washington's NBA Locations: ANNAPOLIS, Md, U.S, Maryland, U.S ., Annapolis, Edgewater , Maryland, Prince George's, Alsobrooks, Landover , Maryland

☆ Earnings playbook: Your guide to a busy week of reports, including Nvidia
▼ + stars: | 2024-02-18 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Tuesday Walmart is set to report earnings before the bell. Wednesday Nvidia is set to report earnings after the close. What history shows: Nvidia shares have risen in three of the past four earnings days, Bespoke data shows. Discovery is set to report earnings before the bell. What history shows: Warner shares have fallen in three of the past five earnings days, including two double-digit declines, per Bespoke.

Persons: Robert Drbul, Doug McMillon's, Drbul, Bradley Thomas, NVDA, Piper Sandler, Harsh Kumar, WBD, Bryan Kraft Organizations: Nvidia, Walmart, Home, CNBC, LSEG, Warner Bros, Warner, Deutsche Bank Locations: Friday's, China

☆ Walmart shrunk by at least 101 locations last year — a smart move for what's next
▼ + stars: | 2024-02-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart quietly reduced its store count in 2023 even though the company was doing really well. In addition to closing underperforming stores, the retailer sold at least 79 small-format locations. Given what Walmart has planned for the next few years, the move away from smaller locations makes sense. "Walmart has always struggled with smaller stores," Saunders said. In addition to new stores, many existing locations are being upgraded to Walmart's "store of the future" concept, including 650 projects this year.

Persons: —, spokespeople, Doug McMillon, Scot Ciccarelli, Ciccarelli, Neil Saunders, Saunders, it's, Walmart's Organizations: Walmart, Service, BI, Goods, Truist Securities

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