Here are the most important news items investors need to start their trading day:
Traders on the floor of the NYSE on August 1, 2022.
Source: New York Stock Exchange
A shopping cart outside a Walmart store in Torrance, California, USA, May 15, 2022. Walmart plans to announce its earnings on May 17th.
Bing Guang | Bloomberg | Bloomberg | Getty Images
walmartis the largest private employer in the United States, started laying off employeesThe decision, which the company confirmed Wednesday, comes just over a week after the Arkansas-based retail giant cut its full-year profit outlook and warned about the impact inflation could have on discretionary spending. Customers are changing, too,” Walmart spokeswoman Anne Hatfield told CNBC’s Melissa Repko on Wednesday. We are restructuring.” Read the full story on CNBC here.
Oil pumpjacks are seen in the Inglewood Oil Field in Los Angeles, California. Oil prices fell early on Monday as investors geared up for a meeting by OPEC and other top producers on supply adjustments this week.
Mario Tama | Getty Images News | Getty Images
Crude oil prices rose on Thursday, a day after crude oil futures prices for both US and international benchmarks down nearly 4% It fell to its lowest level since February.The move came as OPEC and its oil-producing allies said they would Increase production by 100,000 barrels per day in September. An unexpected increase in US oil and gasoline stockpiles also weighed on energy markets in Wednesday’s session. On Thursday, West Texas Intermediate futures rose about 0.7% to about $91.27 a barrel.
In recent weeks, more and more Asian companies have announced share buybacks. Chinese internet giant Alibaba has announced it will raise its share buyback program from his $15 billion to $25 billion.
Sheldon Cooper, SOPA Light Rocket | Getty Images
General view of the Royal Exchange, Bank of England and City of London on a cloudy day.
Vuk Valcic | SOPA Images | Lightrocket | Getty Images
of bank of england Britain’s central bank raised interest rates by 50 basis points on Thursday as it sought to contain inflationary pressures. In particular, the Bank of England is now forecasting that the country’s economy will slip into a recession that could last more than a year in the fourth quarter of 2022. Headline inflation he expects to peak at 13.3% in October and by 2025 he expects to stay above his 2% target. Read Elliot Smith’s full story on CNBC here.