Tag Archives: Walmart

Gold prices rose to a 3-week high on Thursday, July 28, after Federal Reserve Chairman Jerome Powell suggested the US central bank may slow the pace of interest rate hikes in the coming months, affecting the dollar and US Treasury yields. Spot gold rose 0.7% to $1,745.20 an ounce, its …

The Gold Index is displaying back and forth moves in a narrow range of $1,713.92-1,721.97 as investors are awaiting the announcement of the fourth consecutive interest rate decision by the Fed. The precious metal has displayed a complete volatility contraction, which indicates that now the monetary policy announcement is the …

US stocks were sharply lower on Tuesday afternoon, with Nasdaq down more than 2%, as a profit warning by Walmart dragged down retail shares and fueled fears about consumer spending.Walmart shares had fallen 8% after the retailer cut its full-year profit forecast late on Monday. Walmart blamed surging prices for …

US shoppers buy less than they normally used to. This is because prices have risen by double-digit percentages. Walmart warned that big-ticket items are still unsold. Walmart headed to news headlines for a couple of reasons.Firstly; Walmart warned investors that its profits are expected retreat because rising prices are forcing …

Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, …

US stock indexes slipped in mixed trading on Tuesday as investors digested Target Corp’s gloomy margin forecast that spooked the retail sector, while awaiting inflation data due later this week.Target’s shares slid 4.3% as the big-box retailer said it would have to offer deeper discounts and cut back on stocking …

The stock markets dropped on Wednesday, extending their run this year as earnings from retailers including Target and Walmart reinforced concerns about the health of the US economy.The sharp declines were sparked after retailers warned they were facing higher costs and slowing sales, both of which were eating into their …

US shares reaped fresh gains on Tuesday, with investors and traders digesting key economic data on the state of the consumer after two major retailers topped quarterly corporate earnings results. The S&P 500 rose 0.3% as of 10:15 a.m. Eastern. The Dow Jones Industrial Average rose 158 points, or 0.5%, …