RabzonKhan
Trusted Member
- Thread starter
- #2,806
US Political News and Trump’s China visit
- Thread starter RabzonKhan
- Start date
RabzonKhan
Trusted Member
- Thread starter
- #2,810
Walmart issues inflation warning as Trump preps massive tariff hikes
Story by Martin Baccardax 11/20/24Walmart whispered a quiet but significant warning Tuesday that consumer-price inflation could surge if President-elect Donald Trump follows through on his vow to impose tariffs on a host of goods imported into the world's biggest economy.
The world's largest retailer, which posted better-than-expected fiscal-third-quarter earnings and boosted its full-year profit forecast, is taking a bigger share of high-income earners' spending.
These consumers are trading down for lower prices amid the impact of post-pandemic inflation on everything from food to clothing.
Walmart's (WMT) U.S. same-store sales rose 5.3% in the three months ended in October, compared with the year-earlier quarter, notching its strongest quarterly tally in nearly three years.
These consumers are trading down for lower prices amid the impact of post-pandemic inflation on everything from food to clothing.
Walmart's (WMT) U.S. same-store sales rose 5.3% in the three months ended in October, compared with the year-earlier quarter, notching its strongest quarterly tally in nearly three years. Read more
Strigon
Trusted Member
Call me cynical but at this point I am looking forward to the cries of the goofy "moral" jill army and trumpers that are going to suffer the most, be it economy, deportations, or Healthcare
Davey Crockett
Elite Member
LOL! No.
Davey Crockett
Elite Member
This due to America becoming a plutocracy - rule of the rich. Or already has.
Radio broadcast
— Ezra Pound, Radio Rome, 15 March 1942
