Published on Aug 8, 2016 Aug. 8 — Wal-Mart Stores Inc. (WMT, quote) agreed to buy e-commerce startup Jet.com Inc. for about $3 billion in cash, giving the world’s largest retailer the resources for a stronger shopping website to compete with Amazon.com Inc., the online market leader.
Last week, the People’s Bank Of China allowed the yuan to fall sharply, causing chaos in share markets and drawing criticism from multinationals who said the move would hurt their businesses.
As Target (TGT, quote) continues to defend itself over the one the larger hacks for consumer data and the perceived delay in reporting the hack we find an insider, Roxanne Austin purchasing 10,000 shares on June 2 bringing her total share count to 21,971 shares. Reports indicate the value of the shares is $567,000
Wal-Mart Stores Inc (WMT, quote) , the world’s largest retailer by revenue, plans to shut down another underperforming store－in Hangzhou, Zhejiang province－in late April, while a compensation dispute with employees from an inland store that closed in March remains unsolved.
With the two day Federal Reserve meeting in the rearview mirror this morning markets are remain flat in the pre-market albeit the DOW and S&P 500 are tilted to the down side.
With 90 minutes before the start of a new week of trading in the U.S. markets – futures are pointing to a slightly lower open despite uncertainty whether the U.S. Federal Reserve will being tapering its $85 billion asset buying program.
U.S. stock indexes printed small gains yesterday as market participants begin to focus on the two day Federal Reserve meeting. Analysts are looking for policymakers to provide further monetary stimulus – QE4? However, the Fed watchers will also be watching for any signs of deal or lack of deal concerning the fiscal cliff.
