As Black Friday's reach now extends to Small Business Saturday, Cyber Monday, and even the entire month of November in some cases, so too do retail sales.
In May 2025, Walmart reached a major milestone: its first profitable quarter for e-commerce operations both in the U.S. and globally.
The Fed will release its October-meeting minutes on Wednesday, as chances of a December quarter-point rate cut have declined. Companies in the spotlight include Klarna, Medtronic, TJX, and more.
Earnings from artificial intelligence giant Nvidia and retail leaders Walmart, Target, and Home Depot highlight this week's calendar. Investors will also watch for impacts from the reopening of the government after a 43-day work stoppage, the longest in U.S. history.
Furner started at Walmart in 1993, and currently oversees the most important segment of the company's business.
Walmart Inc. (WMT) CEO Doug McMillon will retire at the end of January after nearly 12 years leading the nation's largest retailer, according to a company filing released Friday. John Furner, currently Walmart's U.S. CEO, will take over as head of the company on February 1, according to the filing.
Here are some of the major companies whose stocks moved on the week's news.
Walmart (WMT) CEO Doug McMillon announced his plans to retire at the end of January 2026, to be succeeded in his chief executive role by Walmart US CEO John Furner. R5 Capital Founder and CEO Scott Mushkin speaks with Market Domination host Myles Udland about the most pivotal choices incoming CEO John Furner will have to make in his first year.
Walmart's stock has more than quadrupled since outgoing CEO Doug McMillon began in the role in February 2014. Among Walmart's main retail and grocery rivals, only Amazon and Costco have had better stock returns during that same timeframe.
Corey Tarlowe, Jefferies analyst, joins 'Power Lunch' to discuss the executive shakeup at Walmart, the company's same-store sales growth and much more.
There's a new sheriff in Bentonville.
Walmart CEO Doug McMillon is retiring after more than a decade of guiding the company's evolution—and watching its stock quadruple.