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WMT Dec 2024 66.670 put
| Previous close | 7.15 |
| Open | 7.15 |
| Bid | 7.05 |
| Ask | 7.80 |
| Strike | 66.67 |
| Expiry date | 2024-12-20 |
| Day's range | 7.15 - 7.15 |
| Contract range | N/A |
| Volume | |
| Open interest | 522 |
- Yahoo Finance Video
New tariffs on China, meme rally, Walmart layoffs: Morning Brief
In today's edition of The Morning Brief, Hosts Seana Smith and Brad Smith break down current market trends and what you need to know for the trading day ahead. Stocks (^DJI, ^IXIC, ^GSPC) opened relatively flat on Tuesday morning following hotter-than-expected Producer Price Index (PPI) inflation data for April. Jefferies Senior US Economist Thomas Simons joins the show to break down the PPI print and what it signals for the Federal Reserve, believing there is a chance interest rate cuts may not happen this year at all. Meanwhile, President Biden is set to unveil a new wave of tariffs on Chinese imports, including electric vehicles, semiconductors, and precious minerals. Yahoo Finance's Jennifer Schonberger analyzes the sectors most likely to be impacted. Meme stocks like GameStop (GME) continue to soar in a second-day rally following the online return of user "Roaring Kitty" on X (formerly Twitter), who was largely responsible for the 2021 GameStop short squeeze. However, the retail sector is under pressure, as Walmart (WMT) is reportedly preparing to lay off hundreds of corporate workers and Home Depot (HD) posted first-quarter earnings that fell below Wall Street estimates, signaling a pullback on consumer spending. Shares of Alibaba (BABA) also sunk after the company posted an 86% loss in profit year-over-year. Tesla (TSLA) is backpedaling its recent decision to lay off most of its Supercharger team, as Bloomberg reports the electric vehicle giant is preparing to rehire some of them. Alphabet (GOOG, GOOGL) is expected to unveil new artificial intelligence initiatives in its Google I/O developer conference today. This post was written by Melanie Riehl
- Yahoo Finance Video
Walmart to lay off hundreds of corporate workers: WSJ
Walmart (WMT) is set to cut hundreds of jobs and ask remote workers to come back to the office, according to a report from The Wall Street Journal. The move is seen as a cost-cutting measure to maintain profits, as earlier in the year, the company shut down its startup incubator and is set to shut down Walmart Health centers. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest development for Walmart and what it could mean for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
CNN BusinessWalmart is cutting hundreds of corporate jobs, relocating majority of remote office staff
Walmart said Tuesday it is eliminating several hundred corporate jobs and will relocate most of its remaining remote office staff to its Bentonville, Arkansas, headquarters.
