Post New Article

Profit Warning From Walmart Causes US
Retailers to Lose $100B in Market Value
in After-Hours Trading

Original Article

Posted By: Dreadnought, 7/26/2022 12:24:26 AM

Walmart issued a profit warning Monday, cautioning that its second-quarter operating income would be lower than expected and would show a decline of about 13 percent. The announcement quickly caused other major US retailers’ stocks to plunge, wiping out over $100 billion in stock market value in after-hours trading. (Investopedia explains how after-hours trading works here.) Per Reuters: Walmart’s stock tumbled over 9% in extended trade, and other big retailers also sold off. Target (TGT.N)fell over 5% and Amazon (AMZN.O) was down about 4%. Meanwhile Costco Wholesale Corp (COST.O), Best Buy (BBY.N), Dollar General (DG.N) and Dollar Tree (DLTR.O) each declined more than 3%. Home Depot (HD.N) fell almost 2%. This comes as President Biden and Treasury Secretary Janet Yellen continue to deny

Post Reply

Reply 1 - Posted by: jalo1951 7/26/2022 2:15:49 AM (No. 1228665)
No need to worry. FJB and his Clown Car Administration have assured us that everything is just wonderful. Wink, wink. But remember not to check the definition of inflation, or recession.
14 people like this.

Reply 2 - Posted by: EJKrausJr 7/26/2022 3:00:38 AM (No. 1228670)
Lame Duck and his Yellen said no recession. People can't spend because money is tight. It's either money for food or money for gasoline. No other choices.
14 people like this.

Reply 3 - Posted by: mifla 7/26/2022 3:02:58 AM (No. 1228672)
In a related story, the Biden administration has redefined the word "profit".
8 people like this.

Reply 4 - Posted by: Strike3 7/26/2022 3:11:57 AM (No. 1228679)
The economy is strong and there is no recession. In other news, Rosie O'Donnell is too skinny.
10 people like this.

Reply 5 - Posted by: franq 7/26/2022 5:57:53 AM (No. 1228737)
I'm no economist, but if you factor in inflated pricing, wouldn't the numbers look even worse? IOW, if they had $100M in revenue, but the monetary value 2 years ago was really $75M, and they STILL had a decline.... Someone with better insight than me please explain.
4 people like this.

Reply 6 - Posted by: ARKfamily 7/26/2022 6:12:43 AM (No. 1228741)
Some of these retailers jumped on the bandwagon of being woke, supported Biden's efforts etc. so I buy very, very little at Target or Walmart. Only when absolutely necessary. Too bad they weren't more supportive of Donald Trump winning the 2020 election.
11 people like this.

Reply 7 - Posted by: Rinktum 7/26/2022 6:39:28 AM (No. 1228760)
Joe Biden, the democrat party and every left leaning fool in this country own this disaster. The disturbing reality is that they welcome the chaos and destruction because it is the vehicle they need to usher in the Great Reset. If you ever wondered what a battle of Good versus Evil looks like, look no further. We are in the midst of the mother of all wars for the soul of this nation and ultimately, the world. The men and women behind this mayhem are as evil as they come. They have just transformed what we previously recognized as evil into their present state. They are wealthy individuals living the high life, sitting around conference tables deciding the fate of mankind, but they are no different than the depraved monsters in history like Hitler, Stalin, Lenin. Pol Pot, Mao. In fact, they are worse because under the guise of saving the planet and humanity, they are potting without a doubt the most evil future for the rest of us. These corrupt corporations are willing to suffer for the privilege of being one of them. However, the fools don’t realize that they are just as expendable as the rest of us. When they are of no worth to the cause, they too will be eliminated.
14 people like this.

Reply 8 - Posted by: judy 7/26/2022 6:47:15 AM (No. 1228768)
When it cost $90 to fill up your gas tank ...it's hurts! Don't worry Biden said gas prices are down...even though it's $2 higher per gallon than when he came in office!! Biden said it's not inflation ...it's normal. I guess it is normal for DC politicians. High gas prices create a domino effect. I wonder what these Big corporations who supported Biden think of him now????
8 people like this.

Reply 9 - Posted by: Sorosisbehindit 7/26/2022 6:52:42 AM (No. 1228772)
Glad to see that our woke Walmart boycott is working.
7 people like this.

Reply 10 - Posted by: Starboard_side 7/26/2022 10:18:46 AM (No. 1228944)
They certainly aren't looking to charter vessels any longer to get their cargo into port like they were a few months ago. Most warehouses are full, and stores don't need a lot of what is in them. This create a problem for the railroads who have no place to put the containers either. Truckers can't get chassis because they're already used on an idle container at some large DC (distribution center). Ocean freight rates are about 50% of what they were a few months ago. Orders are being cancelled at overseas factories. Amazing how quickly things can change all due to higher oil and gas prices. Yet, the United States alone could change that single item by simply resuming the production we have the capacity to produce, and remove the financial limitations forced upon banks.
2 people like this.

Reply 11 - Posted by: Ribicon 7/26/2022 2:04:46 PM (No. 1229202)
Janet Yellen and Jerome Powell are doing such a fantastic job in helping grind us between the millstones of taxation and inflation that they should remain in their positions for life. Never a word of caution on federal spending; in fact to the contrary, Janet gave her stamp of approval. Don't forget the House of Representatives for doing absolutely nothing but spend us into oblivion while lining their own pockets, and every president (Trump included) who signed off on these obscene budgets. Behold, end-stage capitalism and the collapse of a republic, which we could not keep.
3 people like this.

Reply 12 - Posted by: Muguy 7/27/2022 9:18:11 AM (No. 1229906)
I admit to being a "smelly Walmart shopper" but I can tell you that people are not buying the over-priced items at Wally World right now, There was a time when there would be two national brands of peaches, the store brand, and a lesser brand of the same item, but those days are over. They eliminated one national brand, and eliminated the off brand to leave only two choices. Prices have jump way up for no apparent reason. Fro example, a liter of flavored water has jumped in price twice from 57cents up to 70 cents for the same item-- flavored WATER. Sam Walton would not be happy. Neither am I having to check my own groceries while idiots point to open registers or play on their phones instead of stocking shelves.
0 people like this.

Below, you will find ...
Most Recent Articles posted by "Dreadnought"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by Dreadnought"
Schumer, Manchin announce deal on reconciliation
bill with tax, climate, energy provisions
11 replies
Posted by Dreadnought 7/27/2022 6:38:07 PM Post Reply
Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., on Wednesday announced that they have struck a long-awaited deal on legislation that aims to reform the tax code, fight climate change and cut health-care costs. The reconciliation bill would invest more than $400 billion over 10 years, to be fully paid for by closing tax loopholes on the richest Americans and corporations, the senators said in a joint statement. It would reduce deficits by $300 billion over that decade, the senators said, citing estimates from nonpartisan congressional tax and budget offices.
Majority of Republican Voters Want a New
Candidate as GOP Nominee, Trump's Decision
Could Come Soon
26 replies
Posted by Dreadnought 7/27/2022 5:18:20 PM Post Reply
A new CNN poll shows a majority of Republicans would like to see a new GOP candidate as the 2024 Presidential nominee. This poll comes as former President Donald Trump may announce his decision as soon as September, and as Republicans sound the alarm. Some GOP members want the midterm election to be about the economy, the southern border, and the failed policies by the Biden administration but fear if Trump announces his run for President before the midterms, that will energize Democrats and Independents to come out in droves and vote for the Democratic candidates. The poll question was: “Who do you think the Republican Party should nominate
Meta reports earnings, revenue miss and
forecasts second straight quarter of declining sales
6 replies
Posted by Dreadnought 7/27/2022 4:55:46 PM Post Reply
Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast pointing to a second consecutive decline in year-over-year sales. The shares slipped in extended trading. Here's how the company did: Meta shares have lost about half their value since the beginning of the year, underscoring investor concern about the health of the company's core online advertising business. That unit has been hurt by Apple's iOS privacy update last year, limiting Meta's ability to track users, and by a weakening economy that's led some companies to slash their ad budgets. Revenue in the second quarter fell almost 1% from a year earlier.
Fed increases key interest rate by 0.75
points again. How will it affect economy
and you?
3 replies
Posted by Dreadnought 7/27/2022 3:06:44 PM Post Reply
Another month, another outsize interest rate hike. The Federal Reserve raised its key short-term rate by three-quarters of a percentage point for a second straight month Wednesday in a bid to corral soaring inflation, matching the largest increase since 1994. It puts the federal funds rate – which is what banks charge each other for overnight loans – at a range of 2.25% to 2.5%, close to the Fed’s 2.5% long-run, or neutral rate. That’s the rate intended to neither stimulate nor curtail economic growth. In recent months, Fed Chair Powell has said the central bank must “move expeditiously” to that neutral level and then likely beyond it
Report: Federal Criminal Probe Into Donald
Trump Underway
23 replies
Posted by Dreadnought 7/27/2022 12:52:59 AM Post Reply
The Department of Justice has begun investigating former President Donald Trump as part of a criminal probe surrounding January 6th and his attempt to “overturn the election.” According to the Washington Examiner, questions are being asked about what Trump said in meetings around the time, including what he may have told others to do in regards to stopping the certification of the election results. One specific line of inquiry entails the so-called “false electors” scheme members of the press have been going nuts over.
Canada’s Trudeau Declares War on Fertilizer,
Following the Footsteps of Sri Lanka
17 replies
Posted by Dreadnought 7/27/2022 12:47:51 AM Post Reply
Canadian Prime Minister Justin Trudeau ignored cries of anger and desperation from farmers and provincial officials last weekend by pressing ahead with a climate change agenda that will dramatically reduce Canada’s use of fertilizer — the same ruinous strategy that drove Dutch farmers into revolt and destroyed the agriculture of Sri Lanka. The Toronto Sun reported on a dismaying Friday meeting of federal and provincial ministers, in which the latter could not convince the Trudeau administration to show any “flexibility” in its emissions targets, not even with a global food crisis on the horizon:
Mike Pence Channels Andrew Breitbart on
Culture in 'Freedom Agenda' Speech
21 replies
Posted by Dreadnought 7/27/2022 12:37:35 AM Post Reply
Washington, District of Columbia — Former Vice President Mike Pence outlined his “freedom agenda” Tuesday morning, citing the late Andrew Breitbart in his vision to restore American culture. “Politics is downstream of culture,” Pence said, quoting Breitbart. “The American people are proud of our culture.” “American freedom is under attack,” he said, “big tech, big media, big government, even big business.” The left is pushing a “pernicious woke agenda designed to … destroy the American dream,” he continued, saying that the “the ruling elite has never been more out of touch” but also “never more intent on imposing their agenda.”
Wide-Eyed Clip of Joe Biden Ranting About
'Insurrection' Raises Eyebrows
17 replies
Posted by Dreadnought 7/27/2022 12:28:18 AM Post Reply
Is Joe Biden’s staff trying to sabotage him? Probably not, but man have some bad decisions been made lately as far as his public appearances go. Don’t get me wrong, there’s never really a good time to have Biden out in front of people, but the rush to push out recordings of him after he contracted COVID-19 has led to some really uncomfortable scenes. Almost immediately, the White House released a picture that left nothing but questions. Biden then did a live stream (which cut off suddenly) in which he looked like he was about keel over. Then, on Monday, the president’s comms team put together a clip of him ranting
Lia Thomas' NCAA Woman of the Year bid
ends, Ivy League selects Columbia fencer
12 replies
Posted by Dreadnought 7/26/2022 6:28:51 PM Post Reply
The NCAA announced its conference selections for the 2022 Woman of the Year award on Monday, naming Columbia University fencer Sylvie Binder as The Ivy League pick, over national champion and University of Pennsylvania transgender swimmer Lia Thomas. Binder, a senior from Armonk, New York, was among the 577 overall students nominated for this honor earlier this month and was one of the eight athletes nominated from The Ivy League conference. An NCAA Women’s Foil Champion in 2019, she placed fifth at The Ivy League championships this season, second at the Northeast Regional, and third at the NCAA Championships with an overall record of 17-6. She was also named
‘Our Country Is Going to Hell’: Trump
Slams Democrats for Creating ‘Cesspool
of Crime,’ Teases 2024 Run
5 replies
Posted by Dreadnought 7/26/2022 6:22:28 PM Post Reply
Returning to Washington, D.C., for the first time since leaving office, former president Trump delivered a speech at the America First Policy Institute on Tuesday in which he accused the Democratic party of abdicating its responsibility to preserve law and order and promised that Republicans would pursue a laundry list of “brutally tough” solutions to crack-down on the “insanity” taking root in America’s cities. “Our country is going to hell,” Trump declared. Under Democratic leadership, the nation has deteriorated into a “cesspool of crime…blood, death and destruction,” where the “streets are covered in needles and soaked with the blood of innocent people,” he said. Over the course
Monkeypox: CDC says US leads globally
in most known cases
19 replies
Posted by Dreadnought 7/26/2022 2:13:43 PM Post Reply
More than 3,800 monkeypox cases have been reported in the US, the most of any country around the globe, government health data shows. The rising number of cases has reportedly prompted the Biden administration to mull declaring a national health emergency. The virus has already been classified as a global health emergency by the World Health Organization (WHO). To date, more than 18,000 cases have been reported in 75 countries. According to data published online by the US Centers for Disease Control and Prevention (CDC), as of 25 July there were 3,846 confirmed or suspected monkeypox cases in the US. The figure - which comes amid expanded testing in addition to the growing outbreak
Fauci: Covid Restrictions Should Have
Been ‘Much, Much More Stringent’
18 replies
Posted by Dreadnought 7/26/2022 12:52:47 PM Post Reply
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said that if he could change anything about his response to the coronavirus pandemic, he would have recommended that the government impose “much, much more stringent restrictions” during the spring of 2020. On Monday’s edition of Rising, Fauci told hosts Robby Soave and Batya Ungar-Sargon that if he “knew in 2020 what I know now, we would do a lot differently.” “The insidious nature of spread in the community would have been much more of an alarm, and there would have been much, much more stringent restrictions in the sense of very, very heavy
Most Active Articles (last 48 hours)
Pelosi in peril: Pentagon plays down fears
China will SHOOT DOWN Nancy's plane if
she visits Taiwan after Beijing warned
U.S will 'bear all consequences'
40 replies
Posted by Imright 7/27/2022 10:49:37 AM Post Reply
U.S. officials today said they have little fear that China could attack Nancy Pelosi's plane if she flies to Taiwan as Beijing doubled down on their threat to take 'firm and strong measures' if the House speaker visits the island. If Pelosi does travel to Taiwan, which is still an uncertainty, the U.S. military would increase its movement of forces and assets in the Indo-Pacific region, officials said. The officials declined to provide details of their plans, but said that fighter jets, ships, surveillance assets and other military systems would likely be used to provide overlapping rings of protection for her flight to Taiwan
US Attorney General Merrick Garland Says
He is Open to Prosecuting President Trump (Video)
38 replies
Posted by Imright 7/26/2022 5:15:39 PM Post Reply
US Attorney General Merrick Garland said he is open to prosecuting Trump for his ‘role in January 6.’ Merrick Garland was asked by NBC’s Lester Holt if indicting a former president would “tear the country apart.” “Look, we pursue justice without fear or favor,” Merrick Garland told NBC’s Lester Holt in an interview that will air Tuesday night. Right.“We intend to hold everyone, anyone who was criminally responsible for the events surrounding January 6, for any attempt to interfere with the lawful transfer of power from one administration to another, accountable,” Garland added. “That’s what we do.”
Biden tests negative for COVID-19 five
days after diagnosis
37 replies
Posted by Imright 7/27/2022 10:26:09 AM Post Reply
President Joe Biden is free to emerge from isolation after testing negative for COVID-19. Biden felt "well enough" on Tuesday "to resume his physical exercise regime," according to White House physician Dr. Kevin O'Connor. Biden's pulse, blood pressure, respiratory rate, and temperature were "absolutely normal," in addition to his lungs being "clear," O'Connor wrote in his Tuesday note to White House press secretary Karine Jean-Pierre shared with reporters. Jean-Pierre could not provide details on Tuesday regarding what physical activities Biden undertook, nor what he and his health team were doing to mitigate the risk of so-called "long COVID"
Trump’s ‘Think Tank’ Prepares to
Betray Him
32 replies
Posted by WhamDBambam 7/26/2022 6:42:33 AM Post Reply
Don’t go, Boss! That’s my strong advice to President Trump as he prepares to deliver a speech in Washington, D.C. on Tuesday at his alleged “think tank,” the America First Policy Institute (AFPI). Yes, it is important for President Trump to have a well-credentialed stable of policy experts capable of both building a 2024 platform and finding solid MAGA talent to populate a new Trump Administration. But the AFPI Trojan Horse—whose leadership is now bragging about how it will staff Trump’s “shadow cabinet”—is decidedly not that.
Biden: If You Don’t Support Banning
Assault Weapons, ‘You’re Not On The
Side Of Police’
32 replies
Posted by ladydawgfan 7/26/2022 3:49:41 AM Post Reply
President Joe Biden said Monday that Republicans who voted against banning assault rifles are not on the side of police in America. Speaking virtually to attendees at the National Organization of Black Law Enforcement Executives conference in Orlando, Florida, Biden said that Republicans who refused to ban so-called “weapons of war” are not telling the truth when they claim to support law enforcement. In particular, Biden called out Governor Ron DeSantis (R-FL) and Senators Marco Rubio and Rick Scott (R-FL) for refusing to support Democrats’ gun control efforts. “Being a cop today is a hell of a lot harder than it’s ever been,” Biden said during his speech.
I was wrong about Trump 30 replies
Posted by pros7767 7/27/2022 9:43:18 AM Post Reply
I recently wrote a column about why I believed Trump should not run in 2024. I was wrong. I allowed my distaste for Trump’s personality to override his virtues, which are considerable. Some people want Trump without his vices. I was among them -- until yesterday, when I watched and listened to Tom Klingenstein’s speech titled “Trump’s virtues.” It was masterful and shamed me that I did not make the distinction between Trump's character and his virtues, the former being deeply flawed, the latter being almost perfect. I need to man up in my defense of the former President's virtues.
'I am Kamala Harris, my pronouns are she
and her, and I am a woman sitting at the
table wearing a blue suit': VP introduces
herself at roundtable on impact of Roe
v Wade being overturned
29 replies
Posted by Ribicon 7/26/2022 5:37:14 PM Post Reply
Kamala Harris opened up a roundtable meeting Tuesday afternoon with disability advocates by announcing her name, sex, gender identity and what she was wearing. 'I am Kamala Harris, my pronouns are she and her, I am a woman sitting at the table wearing a blue suit,' the vice president said at the top of the meeting. The event was to mark the 32nd anniversary of the enactment of the Americans with Disabilities Act.(Snip)Congresswoman Marjorie Taylor Greene wrote her own parody introduction: I am Marjorie Taylor Greene. I am a woman. I am a mother. And I am sick of this [s***].' Harris sat at the head of the table
Tramps Like Bruce… 28 replies
Posted by ladydawgfan 7/27/2022 4:05:48 AM Post Reply
By now, you will have heard that Bruce Springsteen fans have been apoplectic over the news that tickets for his 2023 tour are in some cases going for $4,000 to $5,000. Ticketmaster, which is at least one corporation that the cultural elites do not seem to oppose, has defended the move by stating that it is part of its “dynamic system” allowing it to price “platinum” tickets on a system based on supply and demand. No need to find a scalper outside the venue. You can find one in just a few clicks. But as Bobby Olivier pointed out at NJ.com, back in 2009,
WH mulling new czar, emergency declaration
to combat monkeypox
27 replies
Posted by Ribicon 7/26/2022 11:53:47 AM Post Reply
President Biden is working to name a monkeypox coordinator to confront mounting infections and calls from lawmakers and activists for a stepped-up federal response. White House officials also are deliberating whether to declare a public health emergency over the outbreak to cut red tape and improve data collection, according to the Washington Post, which first reported on the deliberations. It is not uncommon for the White House to name a “czar” who coordinates the response to major health threats.(Snip)The U.S. has recorded 3,500 cases of monkeypox so far. Many of the infections, which feature a painful rash with lesions, have affected men who have sex with men
Majority of Republican Voters Want a New
Candidate as GOP Nominee, Trump's Decision
Could Come Soon
26 replies
Posted by Dreadnought 7/27/2022 5:18:20 PM Post Reply
A new CNN poll shows a majority of Republicans would like to see a new GOP candidate as the 2024 Presidential nominee. This poll comes as former President Donald Trump may announce his decision as soon as September, and as Republicans sound the alarm. Some GOP members want the midterm election to be about the economy, the southern border, and the failed policies by the Biden administration but fear if Trump announces his run for President before the midterms, that will energize Democrats and Independents to come out in droves and vote for the Democratic candidates. The poll question was: “Who do you think the Republican Party should nominate
Brandon vs. Biden? Here’s 20 Seconds
Of A Pre-Recorded Speech Joe Biden Gave
Yesterday – Take A Look At How Much
The White House Edited It
26 replies
Posted by Black Conservative Voice 7/27/2022 9:46:35 AM Post Reply
Many people saw this and wondered if Biden was juiced up on Adderall. I dunno, but he looks like he’s on something. Who doesn’t blink for 17-seconds straight? That’s weird. And why was he so hyped-up and angry, too? We also have the 20 seconds of a pre-recorded speech Joe Biden gave yesterday and things go downhill even more!
Fox News Airs Pence’s Speech, Not Trump’s 25 replies
Posted by Imright 7/26/2022 10:07:50 PM Post Reply
Fox News declined to air former President Donald Trump’s Tuesday speech at the America First Policy Institute (AFPI) summit, despite airing a speech by Vice President Mike Pence hours earlier. Although the network skipped Trump’s speech, Fox News aired former Vice President Mike Pence’s speech at the Young Americas Foundation’s national student conference just hours before Trump spoke. Trump’s speech at the AFPI summit, organized by former senior officials in his administration, marked the first time the former president had been in Washington D.C. since President Joe Biden took office in January 2021. Fox News’s decision to skip Trump’s speech comes as Trump and Pence are drifting apart
Post New Article