Walmart sounds the inflation alarm, and its stock tumbles
CNN
"Bottom-line results were unexpected and reflect the unusual environment. U.S. inflation levels, particularly in food and fuel, created more pressure... than we expected"
Walmart (WMT) said Tuesday that higher costs and supply chain constraints squeezed its profit during its latest quarter. Walmart also slashed its profit outlook for the year, signaling that it expects inflation to continue to hurt its business.
"Bottom-line results were unexpected and reflect the unusual environment," Walmart CEO Doug McMillon said in a news release. "U.S. inflation levels, particularly in food and fuel, created more pressure" than the company predicted.
The US Army officially stood up a new command on Friday to oversee the Army’s activities in the Western Hemisphere in the latest signal of increasing focus on homeland defense.
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A federal judge in Florida ordered the unsealing of grand jury transcripts and other records in the investigation into Jeffrey Epstein granting the Justice Department’s request.
The Indiana House approved new congressional maps designed to hand Republicans all nine of the state’s US House seats on Friday, setting the stage for a showdown next week in the state Senate.
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Vice President JD Vance said he and second lady Usha Vance are largely amused by the online chatter dissecting their marriage, including a recent spate of headlines over photos of her without a wedding ring.
During interviews with the FBI, the suspect arrested in the pipe bomb probe told investigators that he believed the 2020 election was stolen, providing perhaps the first indication of a possible motive for the bombs placed near the DNC and RNC headquarters, people briefed on the matter said.
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The two men killed as they floated holding onto their capsized boat in a secondary strike against a suspected drug vessel in early September did not appear to have radio or other communications devices, the top military official overseeing the strike told lawmakers on Thursday, according to two sources with direct knowledge of his congressional briefings.
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