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Watch the trading patterns of bank, energy, and retail stocks for insights into the Trump/Harris election. These sectors may provide clues about market sentiment as the election approaches. Stay tuned for live updates and analysis.
Multiple healthcare organizations are facing significant layoffs due to financial challenges. Texas Children's Hospital is cutting 1,000 jobs, while Novant Health plans to lay off 171 workers, and University Hospitals will eliminate over 300 positions. Other systems, including CarePoint and Kaiser Permanente, are also restructuring or closing facilities, leading to further job losses.
Affirm has launched its buy now, pay later service in the U.K., marking its first international expansion. The company offers flexible payment options, including interest-free plans, and aims to compete with established players like Klarna and PayPal. CEO Max Levchin highlighted strong demand from U.K. merchants and welcomed potential regulatory measures that promote consumer protection.
eBay's shares fell nearly 9% in after-hours trading following a disappointing fourth-quarter revenue forecast, predicting between $2.53 billion and $2.59 billion, below analyst expectations of $2.65 billion. Despite reporting third-quarter earnings of $1.19 per share and revenue of $2.58 billion, the company faces increasing competition from rivals like Amazon and Walmart. eBay's gross merchandise volume grew 2% year over year to $18.3 billion, surpassing projections, as it focuses on niche markets and leverages AI tools to enhance user experience.
Retail stocks, including Five Below and Walmart, are facing heightened vulnerability due to potential tariffs proposed by Trump. These tariffs could significantly impact their operations and profitability, raising concerns among investors about the future of these companies in the retail sector.
Mattel and Hasbro have lowered their end-of-year guidance ahead of the holiday season, citing a decline in toy sales during the third quarter. Mattel anticipates sales to be "comparable to slightly down," while Hasbro expects a revenue drop of 12% to 14% for consumer products. Despite mixed results, overall holiday spending is projected to rise from $979.5 billion to $989 billion, influenced by economic factors and recent climate disasters.
Big data centers in Ohio will be required to pay at least 85% of their energy needs to support grid improvements, following a settlement involving American Electric Power Co. and various stakeholders, including the state’s Public Utilities Commission and Walmart. This agreement aims to address the costs associated with enhancing the energy infrastructure.
Walmart has launched a prescription delivery service to customers' doorsteps, aiming to enhance convenience amid struggles faced by CVS and Walgreens. The service, available in six states with plans to expand to 49, allows customers to receive prescriptions alongside other items for a delivery fee of $9.95, free for Walmart+ members. As CVS and Walgreens grapple with declining profits and store closures, Walmart's health and wellness segment, which constitutes about 12% of its U.S. revenue, continues to grow.
Cleveland Clinic is partnering with Amazon's One Medical to open primary care clinics in northeast Ohio, with the first location set to launch next year. The collaboration aims to enhance patient care by combining One Medical's innovative model with Cleveland Clinic's extensive network, offering same and next-day appointments, on-site lab services, and virtual care support. This move reflects a strategic shift as major retailers reassess their healthcare investments amidst changing market dynamics.
Agree Realty Corporation is a real estate investment trust (REIT) specializing in the ownership, acquisition, development, and management of retail properties leased to various tenants. With a portfolio of over 2,135 properties across 49 states, totaling approximately 44.2 million square feet, its tenants include major retailers like Walmart, Best Buy, and Home Depot. The company operates through its sole general partner, the Operating Partnership.
Walmart Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
market reactions to trump harris election impact on key sectors
15:07 05.11.2024
healthcare layoffs surge as financial challenges impact major institutions
Highmark
Kaiser Permanente Group Trust
Cigna Corporation
Walmart Inc.
Novant Health Inc.
USA
Linda Aldred
Cliff Megerian
Danny Jacobs
Jonathan Schiller
David Cordani
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23:00 04.11.2024
affirm launches buy now pay later service in the uk market
Shopify Inc.
Amazon.com, Inc.
PayPal Holdings, Inc.
Walmart Inc.
Affirm Holdings, Inc.
GBR
CAN
USA
Max Levchin
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01:01 04.11.2024
ebay shares drop after disappointing fourth quarter revenue guidance
21:51 30.10.2024
retail stocks at risk from potential trump tariffs including five below and walmart
14:20 26.10.2024
toy sales decline prompts mattel and hasbro to lower holiday forecasts
19:43 24.10.2024
ohio data centers face minimum power payment requirements for grid improvements
00:03 24.10.2024
walmart expands prescription delivery service amid struggles of cvs and walgreens
United States Dollar
Walmart Inc.
CV Sciences, Inc.
Walgreens Boots Alliance, Inc.
USA
Karen Lynch
Tom Ward
David Joyner
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14:03 22.10.2024
Cleveland Clinic and Amazon One Medical to Launch Primary Care Clinics in Ohio
United States Dollar
Walmart Inc.
Amazon.com, Inc.
One Medical
Walgreens Boots Alliance, Inc.
Cleveland Clinic Global Solutions LLC
USA
Tom Mihaljevic
Trent Green
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15:30 21.10.2024
agree realty corporation maintains neutral rating with extensive retail property portfolio
Wawa
Tractor Supply Company
Gerber Collision
The TJX Companies, Inc.
Walmart Inc.
Sunbelt Rentals Exchange Inc.
Best Buy Co., Inc.
Dollar General Corporation
O'Reilly Auto Parts
Lowe's Companies, Inc.
Hobby Lobby
Burlington Stores, Inc.
The Home Depot, Inc.
CV Sciences, Inc.
The Kroger Co.
TBC Corporation
Dollar Tree, Inc.
The Sherwin-Williams Company
USA
JPN
DEU
Dollar Tree
Tractor Supply
Best Buy
Dollar General
Walmart
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17:07 16.10.2024
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