Google has recently invested in the Indian e-commerce marketplace Flipkart, which is owned by Walmart. The exact amount of the investment was not disclosed by Flipkart, but reports suggest that Google is investing $350 million in the company, valuing it at $37 billion. This investment is part of a larger funding round of nearly $1 … Read more
Analysts are eagerly anticipating Nvidia’s first quarter earnings and speculating about the broader market’s reaction. Target missed Wall Street expectations in its first quarter results, with a drop in comparable sales year over year, while Walmart saw an increase in both comparable sales and US foot traffic year over year. Morning Brief hosts Brad Smith … Read more
In the latest market updates, Walmart (WMT) emerged as the top-performing stock of the week. The retail giant reported earnings of $0.60 per share (non-GAAP) in its most recent quarter, with a notable 21% growth in sales in its global e-commerce unit. Walmart’s success can be attributed to strong in-store pickup and delivery services, as … Read more
The stock market is rewarding strong companies this week, with Walmart (WMT) emerging as the top performer. In the latest quarter, Walmart reported earnings of $0.60 per share (non-GAAP) and saw a 21% growth in sales in its global e-commerce unit. The company’s global advertising business also experienced a 24% growth. Walmart’s focus on in-store … Read more