Walmart (WMT) reported third-quarter earnings this morning that beat Wall Street’s consensus on both the top and bottom line, but sparked concern over the overall state of the economy. The stock is down 7% so far in Thursday’s trading session. The company reported a 5.2% climb in revenue year over year, posting $160.8 billion [...]
A Canadian pension fund (Public Sector Pension Investment Board) recently made dramatic changes to its portfolio. PSP Investments currently manages over $180 billion in assets, so this news has investors scratching their heads, wondering if they should follow suit. After cutting positions in three top tech companies - Apple, Tesla, and Microsoft - they [...]
The second quarter wasn’t kind to many companies, especially retail stores like Target. As inflation continued to heat up, the company saw its profits drop an astounding 90%. While competitors like Walmart are suffering the effects of inflation-weary customers as well, the extent to which Target has been affected is far more significant due [...]
