A US stock rally lost steam Thursday in an abrupt turnabout, as investors assessed blockbuster Nvidia earnings and rate-cut ...

Walmart expects upper- and middle-income shoppers to keep spending this holiday season, CFO John David Rainey said.

US stocks climbed on Thursday as blockbuster Nvidia (NVDA) earnings helped rekindle faith in the AI trade, and rate-cut hopes brightened after the release of the long-awaited September jobs report.

Walmart’s performance serves as a barometer of consumer spending given its size and vast customer base. The company maintains that 90% of U.S. households rely on Walmart for a range of products, and ...