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Walmart leadership to attend upcoming investor events


Walmart leadership to attend upcoming investor events

BENTONVILLE, Arkansas, August 29, 2024–(BUSINESS WIRE)–Walmart Inc. (NYSE: WMT) today announced that company management will participate in upcoming investor events. Links to the live webcasts can be found on Walmart’s investor relations website at stock.walmart.com. 4 September: Goldman Sachs Global Retailing Conference – Manish Joneja, Senior Vice President of Walmart US Marketplace & WFS, will […]

Net-zero scenarios underestimate energy demand growth, says Gas Union


Net-zero scenarios underestimate energy demand growth, says Gas Union

The various decarbonization pathways and scenarios likely underestimate the rate at which global energy consumption is increasing, which could lead to a natural gas supply gap by the end of the decade, the Switzerland-based industry organization International Gas Union (IGU) said on Tuesday in its Global Gas Report 2024. If global demand for natural gas […]

London-based data company Preqin is considering a sale at a valuation of over £1 billion


London-based data company Preqin is considering a sale at a valuation of over £1 billion

Preqin’s latest accounts show revenue of £134 million for 2022, up from £92 million the previous year. Financial data group Preqin is reportedly exploring a sale that could value the company above £1 billion, the latest sign of consolidation in the industry. The Financial Times, citing unnamed people familiar with the matter, reported that the […]

Whitbread plans to sell underperforming restaurant and pub sites


Whitbread plans to sell underperforming restaurant and pub sites

Whitbread, the owner of Premier Inn hotels, has brought in advisers to sell about a third of its lowest-grossing Beefeater and Brewers Fayre pubs, the Times reported. Whitbread, the owner of Premier Inn hotels, has brought in advisers to sell about a third of its lowest-grossing Beefeater and Brewers Fayre pubs, the Times reported. The […]

Recession appears less likely according to labor market/sales reports


Recession appears less likely according to labor market/sales reports

Economists at Goldman Sachs have reduced the likelihood of a recession in the United States. As Bloomberg News reported On Saturday (August 17), the banking giant estimated that an economic downturn could occur based on the latest data on retail sales and unemployment figures, with the probability previously being 25 percent. And assuming the next […]

Goldman Sachs names two prepared food stocks as top buys in the sector


Goldman Sachs names two prepared food stocks as top buys in the sector

Last week’s high volatility in the markets, the poor July jobs report and the prospect of interest rate cuts by the US Federal Reserve are fuelling renewed fears of an imminent recession. The recent decline in the Purchasing Managers’ Index (PMI) has not helped matters. And as the market recovers this week, investors are starting […]