Walmart startled investors on Wednesday by slashing its sales forecast for the year, warning that heavy investments in wages and in e-commerce would curb future earnings.
The news sent Walmart shares plunging, casting a pall over retail stocks, as analysts worried about broader ripple effects across the economy, and about consumer spending ahead of the holiday season.
18:05 DP World, Quebec's Caisse to create C$5 billion investment vehicle12
14:47 Gambian president said he would rule for a ‘billion years.’ He just lost reelection13
14:45 Spain raises taxes to try to meet EU deficit target12
13:12 Putin Wants to Work With Trump as Equals to Restore Relations12