While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
The strong dollar story could be over for now, and that's putting a shine on the 'anti-dollar' trade—gold.Market Insiderread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
The new cut will likely draw thousands back to theaters and could finally push "Avengers: Endgame" above and beyond the record $2.78 billion "Avatar" has earned since its...Entertainmentread more
"I believe it would be wise to take additional time and allow events to unfold" before deciding on rates, the Dallas Fed official said in an essay.The Fedread more
Wal-Mart Stores is dropping a 48-year-old habit, the hyphen in its name. It's also ditching the word "stores."
Wal-Mart said Wednesday it is changing its legal name to Walmart, as the company looks to emphasize its shift from a company that sells in stores to one that sells online and off.
"While our legal name is used in a limited number of places, we felt it was best to have a name that was consistent with the idea that you can shop us however you like as a customer," said President and CEO Doug McMillon in a statement.
The name change comes as Walmart been investing in its digital initiatives, propelled by its acquisition of Amazon competitor Jet.com last year. Through Jet, Walmart has been building a coterie of online brands, which now includes Modcloth and Bonobos.
The retailer also recently struck a deal with Lord & Taylor, giving the department store dedicated space on Walmart.com.
Hyphen aside, the retailer expects to maintain its famous cheer. McMillon said in a company blog post on Wednesday that employees who incorporate the Walmart "squiggly" into their cheers, may continue to do so. "It's important to have some fun at work, so for our associates in countries where your cheer calls for the squiggly, keep doing it!"
Walmart's formal legal name when it incorporated in 1969 was Wal-Mart, Inc. It changed its name to Wal-Mart Stores, Inc. in 1970 and kept that name in place until now. The legal change to Walmart Inc. will be effective in February.