Trump's ratings on trade reportedly don't fare much better in key industrial states — which carried him to victory in 2016 and are crucial for his 2020 reelection bid, but...Politicsread more
Treasury Secretary Steven Mnuchin says he has spoken with a top Walmart executive about how it can keep prices low amid the U.S.-China spat.Marketsread more
When the Fed releases minutes of its last meeting on Wednesday afternoon, it risks sounding a bit hawkish.Market Insiderread more
China is considering cutting natural gas purchases from the U.S. in its tit-for-tat on trade, according to the South China Morning Post.Marketsread more
You can do more with Instagram than post pictures and see the photos other people publish. Here are a bunch of tips to use Instagram like a pro, from posting live video to...Technologyread more
Tesla's latest version of its Navigate on Autopilot feature could be a potential safety risk for drivers as it requires substantial human intervention, according to findings...Autosread more
Target's CEO thinks the retail industry is shaking out to show clear winners and losers. Those companies that are investing in stores and online are winners, he said.Retailread more
Such a move could provide a buffer against any economic weakness that the U.S.-China trade war could cause.The Fedread more
Morgan Stanley caused a stir with its "bear case" scenario of $10. Now, Citi is getting in on the act.Investingread more
A federal judge grants an injunction ordering Qualcomm to renegotiate its licensing agreements.Technologyread more
The redesign of the $20 bill featuring Harriet Tubman will no longer be unveiled in 2020, Treasury Secretary Steven Mnuchin said on Wednesday.Politicsread more
Wal-Mart Stores posted earnings that topped Wall Street expectations Thursday and said same-store sales in the U.S. were up.
Although revenue fell short, shares were higher in premarket trading. (Click here to track its share price.)
The retail giant reported a profit of $1.15 a share on sales of $118.01 billion. Wall Street had expected the company to post earnings of $1.12 per share on revenue of $118.32 billion, according to a consensus estimate from Thomson Reuters.
The company also projected a full-year earnings range of $4.92 to $5.02 a share. Analysts expected the company to earn $4.99 a share.
"We had several merchandise categories driving top-line growth," said CEO Greg Foran. "I'm encouraged by our performance during key seasonal events. We had strong back-to-school results in apparel, home and school supplies, and we ended the quarter well by executing a strong Halloween event."
Overall U.S. same-store sales rose 0.5 percent, ending a six-quarter streak of flat or declining same-store sales in the region and topping expectations for a gain of 0.1 percent. The retailer has struggled as many of its consumers have felt pinched economically.
Read MoreCyber Monday may soon be history
The company said it expects a "highly promotional holiday season."
Dana Telsey, CEO of Telsey Advisory Group, said she likes Wal-Mart stock in a year when deep discounting will put pressure on retailers to manage their margins and inventories.
"Wal-Mart certainly will be a good bet given that they are the biggest in terms of being able to get the best margin at the lowest price," Telsey said Thursday on CNBC's "Squawk Box".
She added that dollar stores and off-price retailers will have to be sharp as can be to compete with Wal-Mart during the Thanksgiving holidays.
"Black Friday is no longer about waking up at the crack of dawn to stand in long lines," said Duncan Mac Naughton, chief merchandising officer at Walmart U.S. "It's become a family shopping tradition where everyone shops at some point throughout the weekend."