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3 Walton heirs each worth nearly $100 billion, together richer than Elon Musk


3 Walton heirs each worth nearly 0 billion, together richer than Elon Musk

Three Walmart heirs could soon be worth $100 billion each – and together they are already richer than the richest person in the world, Elon Musk. The late Jim Walton’s three surviving children – Jim, Rob and Alice – have a net worth of between $92 billion and $95 billion, according to the Bloomberg Billionaires […]

Walmart earnings and retail sales lift stocks and ease recession fears


Walmart earnings and retail sales lift stocks and ease recession fears

(Photo credit: PAUL J.RICHARDS/AFP via Getty Images) AFP via Getty Images Walmart shares rose 8.4% after the retail giant delivered another strong earnings report that beat revenue and profit estimates and raised its full-year guidance. Investors viewed the earnings report and the improved retail sales data released around the same time as confirmation that a […]

Walmart shares rise to all-time high after earnings announcement


Walmart shares rise to all-time high after earnings announcement

Top line Walmart shares rose to a record high on Thursday after the nation’s largest brick-and-mortar retailer’s latest earnings report impressed Wall Street and provided cause for optimism as the U.S. economy grapples with wavering public perception. Walmart stock is on pace for its best day in more than four years. UCG/Universal Images Group via […]