Walmart extends to 12 its streak of Wall Street–beating earnings reports
Shares of Walmart Inc. surged 2.9% in premarket trading...
Shares of Walmart Inc. surged 2.9% in premarket trading Thursday, after the discount retail giant’s fiscal first-quarter results beat on every key metric, and the full-year outlook was maintained in the face of economic and tariff-related uncertainties.
Adjusted earnings per share for the quarter to April 30 rose to 61 cents from 60 cents a year ago, and beat the average analyst EPS estimate compiled by FactSet of 58 cents. That marked the 12th straight quarter of bottom-line beats, according to FactSet data.
Total revenue grew 2.5% to $165.6 billion, above the FactSet revenue consensus of $165.69 billion, as comparable sales for Walmart U.S. stores increased 4.5% to beat expectations of 3.8%.
For the full-year of fiscal 2026, Walmart said it still expects net sales growth of 3% to 4% and adjusted EPS of $2.50 to $2.60.
Trump met with the president of Syria and made deals in Qatar
A day after saying he would end US sanctions on Syria, President Trump ...
A day after saying he would end US sanctions on Syria, President Trump met in Saudi Arabia with President Ahmed al-Sharaa, who was formerly linked to Al Qaeda and whose forces toppled the Assad regime. It was the first meeting between the two countries’ presidents in 25 years, and Syria is looking to come out of isolation with its new leadership. Trump then traveled on to Qatar, where he announced $243.5 billion worth of deals, mostly focused on defense and aviation.
Databricks is buying database startup Neon for $1 billion. The...
Databricks is buying database startup Neon for $1 billion. The data analytics company’s big purchase of the startup appears to be all about AI agents, autonomous bots that the tech world believes are about to be as ubiquitous as Stanley cups. “Pretty much every customer we have is super excited and wants to leverage agents,” Databricks CEO Ali Ghodsi told the Wall Street Journal, adding that to do what companies want, they need to be hooked up to databases, and that’s where Neon comes in. The company offers a cloud-based database platform, and Databricks is planning for that to connect with the data it stores for companies to help AI agents do their thing.
Ukraine and Russia are scheduled to hold peace talks in Turkey today, but even figuring out who would attend them has been contentious.
eToro soared nearly 29% following its Nasdaq debut, giving investors new hope for IPOs.
Badar Khan Suri, a postdoctoral scholar at Georgetown University who was arrested amid the Trump administration’s crackdown on foreign students, was released after a judge ruled that his detention was in violation of his constitutional rights to free speech and due process.
US-China tariff pause no silver bullet for energy trade
The US-China 90-day tariff...
The US-China 90-day tariff truce offers short-term relief but is unlikely to revive Chinese imports of American crude oil, liquefied natural gas and coal, which have plummeted amid ongoing trade tensions, writes Clyde Russell. With US energy products still uncompetitive at China's reduced 10% tariff, any revival in energy trade will likely hinge on future negotiations. However, past deals suggest lofty commitments may fall short of real deliveries again, Russell asserts.
Dow books back-to-back drop, S&P and Nasdaq end higher as Treasury yields pop
U.S. stocks closed mostly higher on Wednesday, although...
U.S. stocks closed mostly higher on Wednesday, although the blue-chip Dow sealed back-to-back drops while longer-term Treasury yields kept marching higher.
According to Dow Jones Market Data, the 10-year Treasury yield rose to 4.529% on Wednesday, climbing for a fifth straight session and touching its highest level since Feb. 12.
The Dow Jones Industrial Average fell 89.37 points, or 0.2%, ending at 42,051.06.
The S&P 500 gained 6.03 points, or 0.1%, finishing at 5,892.58.
The Nasdaq Composite rose 136.72 points, or 0.7%, closing at 19,146.81.
Higher bond yields can pressure stocks by keeping borrowing costs elevated, crimping consumer spending and potentially eroding future earnings power.
