This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 800,000 Global deaths: At least 38,714 US cases: At least 164,610 US deaths: At least 3,170 The data above was compiled by […]
Tag: Walmart Inc
Chinese e-commerce giant takes aim at rival leader Alibaba in cloud
JD.com is one of the biggest e-commerce and logistics company in China. Zhang Peng | LightRocket | Getty Images BEIJING – JD.com, a major Chinese e-commerce company, is looking to become the technology platform of choice for U.S. customers in a cloud computing market dominated by Alibaba. JD is best known in China for its […]
Dow tanks 1,000, S&P 500 down 5%, virus cases jump
Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. Richard Drew | AP This is a live blog. Please check back for updates. 10:35 am: Walmart jumps 5%, gets an upgrade from Credit Suisse While the broader market moves lower, shares of Walmart are up more than […]
Trump wants big tax cut, NYC case count can’t keep up
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 118,101, according to data compiled by Johns Hopkins University. Global deaths: At least 4,262, according to data compiled by […]
Coke, Clorox, other brands urge attorney general Barr to fight price gouging
William Barr, U.S. attorney general, listens during a roundtable discussion with law enforcement in Wichita, Kansas, U.S., on Wednesday, Oct. 2, 2019. Nick Oxford | Bloomberg | Getty Images A lobbying group representing some of America’s largest consumer brands wants the Justice Department to stop retailers from jacking up prices on hand sanitizer, masks and […]
Dow 2-day drop totals 1,910, Kudlow doesn’t help, Cramer stays away
This is a live blog. Check back for updates A trader works at the New York Stock Exchange in New York, the United States, on Feb. 24, 2020. Photo by Wang Ying | Xinhua | Getty 4:01 pm: Dow drops 3%, bringing 2-day point loss to 1,910 Major averages slid on Tuesday, accelerating Monday’s sharp […]
As Walmart ramps up e-commerce, analysts wait to see OR watch to see if losses will rise or shrink
As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise. The Bentonville, Arkansas-based retailer is spending heavily to compete against Amazon. It’s seen that pay off with significant sales growth, especially in its […]
PopSockets CEO says Amazon uses ‘bullying with a smile’ to press for lower prices
Popular telephone accent maker PopSockets accused Amazon of “strong-arming” it and failing to take away faux merchandise. David Barnett, CEO of PopSockets, testified throughout a House Judiciary antitrust subcommittee listening to on competitors within the digital economic system in Colorado on Friday. Barnett stated Amazon pressured PopSockets to decrease the worth of its merchandise on […]
Satya Nadella credits Ballmer for pushing Microsoft to cloud: Cramer
Microsoft’s stock price has more than quadrupled since Satya Nadella took over as CEO six years ago, thanks to the company’s rapid growth in cloud computing. But Nadella credits his predecessor, the louder and more outspoken Steve Ballmer, for making the decision to take on Amazon Web Services in cloud infrastructure, where Microsoft is now […]
Target (TGT) holiday 2019 sales fall short of estimates
Target was expected to be a winner this holiday season, amidst a sea of disappointing reports. But the big-box retailer said Wednesday that its holiday sales were weaker than planned. Its shares tumbled more than 8% on the news. Walmart, which hasn’t reported holiday results, also traded lower. Its stock was last down about 2%. […]