Walmart flat as reports flesh out e-commerce job cuts toll

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Go back to Walmart flat as reports flesh out e-commerce job cuts toll

Walmart (WMT) plans expansion of EV charging network across America

April 6, 2023 10:59 AM EDT

Walmart Inc. (NYSE: WMT) announced Thursday that the American retailer plans to build their own EV fast-charging network at thousands of Walmart and Sams Club locations across the country by 2030. This would be in addition to the almost 1,300 EV fast-charging stations already available at more than 280 U.S. facilities.

Vishal Kapadia, Senior Vice President of Energy Transformation at Walmart, wrote in the... More

Oppenheimer says 'layoffs are necessary' as they cut estimates at Amazon (AMZN)

April 6, 2023 8:20 AM EDT

Oppenheimer reiterated an Outperform rating on Amazon.com Inc. (NASDAQ: AMZN) but reduced their price target on the stock to $125.00 (From $135.00) after conducting a deep dive into the companys expenses. Following the investigation, analyst Jason Helfstein believes that the online retailer more layoffs are necessary for eCommerce to become meaningfully profitable.

Helfstein wrote in a note, We believe AMZN's 25% underperformance vs. Nasdaq LTM is... More

Morgan Stanley sees $130bn opportunity in retail media advertising, Amazon 'the early leader'

April 4, 2023 9:11 AM EDT

There is a $130 billion opportunity in retail media advertising, according to Morgan Stanley analyst Matthew Cost. The analyst told investors in a note Tuesday that the firm sees the opportunity by 2025 as "retailers leverage their customer data to power online ads" and that The Trade Desk Inc. (NASDAQ: TTD) and Criteo S.A. (NASDAQ:... More