Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.
US retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.
Home Depot's first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance.
Finland’s parliament signed off on the plan to seek membership in defense alliance NATO alongside Sweden, marking a historic shift in the Nordic nations’ security policy.
Before Bill Hwang sent a slate of stocks on a manic climb last year, he had already started bleeding billions of dollars on a bearish bet after seeking Morgan Stanley’s help.
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