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American retail chain Walmart has published a report for the 2018-2019 fiscal year, which ended in late January. During the earnings period, the company recorded a drop in net profit by 32.4% to 6 billion 670 million dollars. At the same time, its revenue in the amount of 514 billion 405 million dollars showed an annual increase of 2.8%. The report for the fourth quarter showed a net profit growth 1.7 times to 3 billion 687 million dollars. Revenues amounted to 138 billion 793 million dollars, an increase of 1.9%. Walmart estimates that in the next fiscal year its capital expenditures will increase by $700 million to $11 billion.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
KYC Policy