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Walmart on Thursday reported better-than-expected profits and raised full-year guidance, sending shares up 1.42% before the opening bell.
On an individual basis, Jim Rob and Alice Walton, the heirs of Walmart's co-founder Sam Walton, are worth between $42.1 billion and $43.8 billion, according to Bloomberg's Billionaires Index. Lukas, Sam Walton's grandson, is worth $15.3 billion
E-commerce and traditional grocery sales both helped the US' largest grocery chain top Wall Street's earnings expectations for the second quarter.
Amazon is upping its investment dollars in India in order to compete with Walmart, which just bought Flipkart, the top Indian e-commerce company. This is part of a "Cold War" in the Indian e-commerce space, a team of Barclays analysts wrote.
Walmart is dropping after announcing it’s taking a majority stake in Indian e-commerce giant Flipkart
Walmart is buying a company that not many people in the states know about. An analyst recently warned this could be a bad move. Walmart shares are slipping on the news.
Walmart has to compete with Amazon in e-commerce. This purchase won't help — at least not soon.
A big push into healthcare could distract Walmart from improving its stores and e-commerce offerings, a UBS analyst says.
Walmart is reportedly in early-stage talks to acquire health insurer Humana.
Shares of Walmart sank as much as 2.45% on Thursday following a whistleblower lawsuit alleging the company " issued misleading e-commerce results."
Walmart and Amazon are battling over a small piece of their industry that’ll likely explode in the next few years
Walmart and Amazon are fighting over who gets home delivery to the US population first.