Reuters US Business

By Siddharth Cavale -In 2020, as COVID-19 raged, John Furner – then chief of Walmart’s largest U.S. division – consulted colleagues in China, drawing on their pandemic playbook to swiftly adjust inventory forecasts and fulfillment operations to stay ahead of panic buying. Furner, a Walmart lifer who grew up in Arkansas where the retailer is headquartered, …

Walmart insider John Furner to steer next chapter amid AI bets and economic turbulence Read More »

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said Friday it halved a requirement that U.S. airlines reduce domestic flights at 40 major airports from 6% to 3% starting Saturday to address air traffic control safety concerns after the end of the government shutdown. Airlines have been pushing for the FAA to end the …

FAA halves flight cuts to 3% as airlines push for end Read More »

(Reuters) -Walmart on Friday announced that CEO Doug McMillon will retire next year and will be succeeded by insider and company veteran John Furner at a time when retailers navigate new challenges such as artificial intelligence and global tariffs. Walmart shares were down nearly 2% in early trading, as some analysts noted McMillon’s retirement could …

Walmart names insider Furner as CEO McMillon’s successor, Wall Street reacts Read More »

By Lewis Krauskopf NEW YORK (Reuters) -Turbulence in technology stocks could ratchet higher in the coming week as investors react to the quarterly report from Nvidia Corp, the world’s largest company by market value that is at the heart of Wall Street’s artificial intelligence trade. Showing a steadier tone by late Friday, the benchmark S&P …

Skittish tech stock investors turn to Nvidia results for next cues Read More »

By Siddharth Cavale and Juveria Tabassum (Reuters) -Walmart CEO Doug McMillon will retire next year after more than a decade at the helm, capping a period when he reshaped the big-box retailer into a technology-driven powerhouse whose shares have consistently outperformed the broader market. McMillon, 59, will be replaced by U.S. division chief CEO John …

Walmart CEO McMillon to retire after a decade, insider Furner named successor Read More »

By David Shepardson WASHINGTON (Reuters) -A group of nine Republican state attorneys general on Friday raised competition concerns about Union Pacific’s plan to buy smaller rival Norfolk Southern in an $85 billion deal to create the first U.S. coast-to-coast freight rail operator. The officials, led by Tennessee Attorney General Jonathan Skrmetti and Kansas Attorney General …

Republican state AGs raise concerns about Union Pacific deal for Norfolk Southern Read More »

By Davide Barbuscia, Lewis Krauskopf and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. shutdown has ended but the hangover is just beginning for investors, who worry gaps in economic data will delay or even derail Federal Reserve rate cuts just as concerns over lofty AI stock valuations have put fresh pressure on companies’ stocks and …

Data ‘fog’ has some investors feeling for the exits as AI stock valuation fears flare Read More »