By Siddharth Cavale and Ananya Mariam RajeshDALLAS (Reuters) -Walmart on Wednesday reaffirmed its confidence in its every day low price strategy, maintaining full-year forecasts for sales and income growth while pledging to keep prices low despite concerns about rising prices due to U.S. President Donald Trump’s tariffs.The company’s shares, which were down nearly 9% since Trump announced a ra ...
By Kenrick CaiLas Vegas (Reuters) -Alphabet said on Wednesday it was still committed to spending some $75 billion this year to build out data center capacity despite turmoil over U.S. tariffs and sought to reassure investors that its AI plans were yielding good returns.Investors are fretting about the massive capital costs of AI projects, especially as uncertainty surrounding U.S. President Donald ...
(Reuters) - Brewer Constellation Brands (NYSE:STZ) on Wednesday forecast fiscal 2026 profit below analysts’ estimates, expecting steep levies imposed by the Trump administration to hit its beers and spirits business.Shares of the Corona beer maker fell about 4% in extended trading as it also lowered its medium-term projections for net sales.For the fiscal year 2026, it forecast adjusted profit p ...
By David Shepardson and Dawn ChmielewskiWASHINGTON (Reuters) - President Donald Trump on Wednesday said a potential deal to spin off the U.S. assets of TikTok is still "on the table" days after it was put on hold.Several U.S. Senators have criticized the proposed deal, but Trump defended it."We have a deal with some very good people, some very rich companies that would do a great job with it, but ...