The Nasdaq hit a new record high on Tuesday, and the S&P 500 flirted was a high of its own. Investors shrugged off inflation data and retail woes.
America's largest retailer, Walmart, is being forced to slim down as consumers shift to online shopping post-pandemic, impacting in-store sales and facing inflation pressures.
Walmart is closing underperforming stores, health centers, and slashing office jobs, urging remote workers to relocate or quit, signaling broader corporate belt tightening amid changing consumer habits.
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