An inflation gauge tracked by the Fed slows to still-high 6%
A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
Walmart saw a big dip in customers shopping at its stores on Black Friday this year, study finds. Instead, they may have been flocking to the retailer's website.
Shoppers just aren't flocking to stores like they used to for Black Friday. And the world's largest retailer experienced that firsthand this year.news.yahoo.com
Survivor of Virginia Walmart mass shooting files $50M suit
The lawsuit, which appears to be the first to stem from the shooting, was filed Tuesday in Chesapeake Circuit Court by Donya Prioleau. Walmart, which is headquartered in Bentonville, Arkansas, did not immediately respond to a written request seeking comment on the litigation. Prioleau's suit alleges that she has experienced post-traumatic stress disorder, including physical and emotional distress, from witnessing the rampage in the store's breakroom on Nov. 22.news.yahoo.com
Target's 3Q profit drops 52% as shoppers force price cuts
An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.