Walmart’s latest earnings report triggered a dip in its share price, as investors digested missed profit forecasts alongside accelerating sales. Despite steady U.S. growth, rising tariff costs remain a persistent concern for the retail giant’s immediate prospects.
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Walmart has agreed to a $10 million settlement following allegations by the Federal Trade Commission that it enabled scammers to defraud consumers across the nation through its money transfer services. Consumers were reportedly cheated out of hundreds of millions of dollars.
Walmart has once again partnered with Synchrony Financial to issue two new credit cards available this fall, the companies announced. This renewal of their collaboration aims to bring more financial options to Walmart customers.
Despite warnings of potential price hikes from Walmart’s CEO, analysts are forecasting a 14% increase in the retail giant’s stock value.
Treasury Secretary Scott Bessent has acknowledged that Walmart may pass on the costs of President Donald Trump’s tariffs to consumers through higher prices. Following a call with the company’s CEO, concerns mount over the potential impact on shoppers at the nation’s largest retailer.
