Shares of Walmart (WMT 6.52%) were moving lower on Thursday after the retail giant, which receives nearly 10% of non-automotive retail spending in the U.S., said it was seeing evidence of consumers cutting back due to higher gas prices and the impact of the Iran war. As of 12:27 p.m. ET, the stock was down 7.6% on the news, even as its results were solid, a unnusually large sell-off for the normal...
Shares of Walmart (WMT 6.52%) were moving lower on Thursday after the retail giant, which receives nearly 10% of non-automotive retail spending in the U.S., said it was seeing evidence of consumers cutting back due to higher gas prices and the impact of the Iran war. As of 12:27 p.m. ET, the stock was down 7.6% on the news, even as its results were solid, a unnusually large sell-off for the normally stable stock. Before digging into whether Walmart is a buy now, let's review the first-quarter results. Why Walmart stock was down Walmart delivered solid results in the quarter, beating top-line estimates and meeting bottom-line estimates. Comparable sales were up 4.1% at Walmart U.S. stores, excluding fuel, and operating income rose 5% in its core segment. Overall revenue increased 7.3%, or 5.9% in constant currency, to $177.8 billion, which topped expectations at $174.8 billion. Adjusted earnings per share rose from $0.61 to $0.66, which matched the consensus. Walmart continued to deliver strong results in grocery and general merchandise, with sales up mid-single digits. Its strength in grocery reflects ongoing momentum in the category, and it said it achieved its highest level of share gains in general merchandise in five years. Walmart maintained its guidance for the full year, calling for a revenue increase of 3.5%-4.5% and adjusted EPS of $2.75-$2.85, though that was below the consensus at $2.92. For the second quarter, it sees revenue growth of 4%-5% and adjusted EPS of $0.72-$0.74. Management also noted financial distress among its lower-income consumers, saying that the average number of gallons consumers pump per visit fell below 10 for the first time since 2022. Those kinds of comments seem to contribute to the sell-off as management acknowledged that the closure of the Strait of Hormuz would likely add to pricing pressure in some categories. Expand NASDAQ : WMT Walmart Today's Change ( -6.52 %) $ -8.53 Current Price $ 122.32 Key Data Points Market Cap $1.0T ...
In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNT Anthropic CEO Dario Amodei looks on after a meeting with French President Emmanuel Macron during the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images Microsoft is in talks to supply its custom artificial intelligence chips to Anthropic , CNBC confirmed on Thursday. A deal would represent a wi...
In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNT Anthropic CEO Dario Amodei looks on after a meeting with French President Emmanuel Macron during the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images Microsoft is in talks to supply its custom artificial intelligence chips to Anthropic , CNBC confirmed on Thursday. A deal would represent a win for Microsoft, which is behind cloud rivals Amazon and Google when it comes to supplying clients with special-purpose AI silicon. Microsoft announced its second-generation Maia AI chip in January, but has yet to make it available through its Azure cloud. Anthropic has not yet closed a deal with Microsoft over the use of the Maia 200, said a person familiar with the deal who asked not to be named in order to discuss internal matters. The Information reported on the discussions earlier on Thursday. Shares of Microsoft were little changed. In November, Microsoft said it would invest $5 billion in Anthropic, while Anthropic committed to spending $30 billion on Azure. Anthropic also relies on cloud services from Amazon and Google. Anthropic has had "difficulties with compute," Dario Amodei, the company's co-founder and CEO, said at an event earlier this month. Read more CNBC tech news Trump postpones AI executive order signing: 'I didn't like certain aspects' SpaceX is heavily reliant on Starlink for growth and profit as it marches toward Nasdaq listing Nvidia says it has 'largely conceded' China's AI chip market to Huawei SpaceX's historic IPO plans: Billions in losses and Musk's massive ownership Its Claude assistant and Claude Code tool for AI-assisted programming have become more popular this year, which has made Anthropic's needs for computing capacity more dire. On Wednesday, SpaceX disclosed that Anthropic will pay $1.25 billion per month through May 2029 for computing power. Historically, Anthropic has leaned heavily on graphics processing units from Nvidia to train an...
His counsel, Fiona Robertson, said that between mid-August 2019 and late January 2020 Patient A was no longer under Patel's clinical care and his evidence was that he believed his formal involvement in her treatment had come to an end.
His counsel, Fiona Robertson, said that between mid-August 2019 and late January 2020 Patient A was no longer under Patel's clinical care and his evidence was that he believed his formal involvement in her treatment had come to an end.
College and university graduation speeches often reflect the mood of society and the institutions themselves. It isn’t surprising, then, that business leaders speaking at commencements are bumping into some AI agita. Eric Schmidt, former CEO of Google, was booed at the University of Arizona for extolling artificial intelligence, as was a real estate executive at the University of Central Florida.
College and university graduation speeches often reflect the mood of society and the institutions themselves. It isn’t surprising, then, that business leaders speaking at commencements are bumping into some AI agita. Eric Schmidt, former CEO of Google, was booed at the University of Arizona for extolling artificial intelligence, as was a real estate executive at the University of Central Florida.
July NY world sugar #11 (SBN26) today is up +0.14 (+0.95%), and Aug London ICE white sugar #5 (SWQ26) is up +3.00 (+0.68%). Sugar prices are moving higher today as strength in crude oil prices spurred short covering in sugar futures. Crude oil (CLN26) jumped by more than +2% today, which supports ethanol prices and could persuade global sugar mills to divert more cane crushing to ethanol productio...
July NY world sugar #11 (SBN26) today is up +0.14 (+0.95%), and Aug London ICE white sugar #5 (SWQ26) is up +3.00 (+0.68%). Sugar prices are moving higher today as strength in crude oil prices spurred short covering in sugar futures. Crude oil (CLN26) jumped by more than +2% today, which supports ethanol prices and could persuade global sugar mills to divert more cane crushing to ethanol production rather than sugar, cutting sugar supplies. Don’t Miss a Day: On Monday, sugar prices fell to 1.5-week lows after the ISO forecast a record global sugar crop for the 2025/26 season and raised its global surplus estimate. The ISO forecasts 2025/26 global sugar production at a record 182 MMT, up +3.5% y/y, and raised its 2025/26 global sugar surplus estimate to 2.2 MMT from a February forecast of 1.22 MMT, rebounding from a -3.46 MMT deficit in 2024-25. Strength in sugar exports from Thailand, the world's second-largest sugar exporter, is bearish for prices. Thailand's 2026 sugar exports Jan-Apr are up +29% y/y at 1.6 MMT. Sugar prices have support on projections from the International Sugar Organization (ISO) that 2026/27 global sugar production will fall -1.15 y/y to 180 MMT, and that there will be a global sugar deficit of 262,000 MT, citing the potential impact of an El Niño weather pattern on harvests in India and Thailand. Last Monday, Citigroup projected Brazil's 2026/27 sugar production at 39.50 MMT, well below Conab's estimate of 43.95 MMT, citing Brazilian sugar mills' allocation of more sugarcane to ethanol production amid soaring gasoline prices. Also, Citigroup said a potentially strong El Niño weather pattern this year could have "a significant impact" on sugar production in India and Thailand over the next 6 to 12 months. Sugar prices are also supported by India's 4-month ban on sugar exports, which remains in effect until September 30, to protect local supplies. In addition, Datagro raised its 2026/27 global sugar surplus deficit estimate to -3.17 MMT from -2...