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Walmart Q1 FY2023 Earnings Report Preview

May 16, 2022 by www.investopedia.com

Key Takeaways Analysts estimate adjusted EPS of $1.48 vs. $1.69 in Q1 FY 2022. U.S. comparable sales (excluding fuel sales) are expected to rise YOY, but at less than half the pace of the same quarter a year ago. Revenue is expected to barely increase for the second straight quarter as the boost from the pandemic continues to wear off. Walmart Inc. ( WMT ), one of the world's biggest retailers, enjoyed unusually strong earnings and revenue growth during the past two years. The key driver was consumers who changed their buying patterns in several ways during the pandemic. Walmart's e-commerce sales soared as people sheltering at home boosted their shopping online. And consumers also spent more on manufactured goods as they spent less on dining out and traveling. But these pandemic-related forces are beginning to lose momentum. As a result, Walmart's growth has begun to slow sharply. Investors will be watching whether Walmart can reverse its slowdown in growth when … [Read more...] about Walmart Q1 FY2023 Earnings Report Preview

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Altantuya lodged police report stating to look for Razak Baginda if something happened to her, says witness

May 18, 2022 by www.thestar.com.my

SHAH ALAM: Murdered Mongolian woman Altantuya Shaariibuu lodged a police report the same day she went missing almost 16 years ago stating that 'if something were to happen to her, they should look for Razak Baginda', the High Court here was told on Wednesday (May 18). Supt Tonny Anak Lunggan, 42, the investigating officer in the murder of the woman said on Nov 3, 2016, DSP Gan Tack Guan had contacted him by phone to inform him that a police report had been lodged by Altantuya at the Tun H.S. Lee Police Station at 1.08pm on Oct 19, 2006. "I checked on the police report through the Police Reporting System (PRS) and printed it out. I found it to be true that the police report was made by Altantuya and informed DSP Gan and Supt Zainol Samah about the report. ALSO READ: Appeals Court allows Altantuya's family to get copies of police statements in murder case "I remember one thing very clearly. Altantuya stated in the report that if something were to happen to her, to look for … [Read more...] about Altantuya lodged police report stating to look for Razak Baginda if something happened to her, says witness

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Wisconsin Voters Sue State’s ‘Fake Electors’ Who Fought 2020 Election Result

May 17, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline A group of Wisconsin voters filed a lawsuit in state court Tuesday against the “fake” electors who submitted alternate election results to Congress claiming former President Donald Trump won in 2020, the first such lawsuit filed against any state’s “fake electors” as the voters try to stop the scheme from happening again in the future. Key Facts The plaintiffs, which include several legitimate electors who elected President Joe Biden in Wisconsin’s Electoral College vote, sued 10 GOP electors who cast alternate votes for Trump, as well as two attorneys who aided their efforts. The lawsuit alleges the fake electors’ actions constituted a civil conspiracy and an illegal public nuisance, and were in violation of a law that makes it illegal to “usurp, intrude into or unlawfully hold or exercise any public office” in the state. The alternate electors met at the same time as the official ones and … [Read more...] about Wisconsin Voters Sue State’s ‘Fake Electors’ Who Fought 2020 Election Result

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Grand Jury Investigating Trump’s Transfer Of White House Records To Mar-A-Lago, Report Says

May 12, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline A federal grand jury has assembled and issued at least one subpoena in the Justice Department’s probe into former President Donald Trump’s transfer of classified White House records to his Mar-a-Lago resort, suggesting the investigation into the former president is gaining steam, according to the New York Times . Key Facts Prosecutors in recent days subpoenaed the National Archives and Records Administration for boxes of documents shipped from the White House to Mar-a-Lago, according to the Times , citing two sources with knowledge of the matter. Investigators have interviewed some former Trump Administration aides about the boxes, the Washington Post reported Thursday, citing unnamed sources. Neither the Justice Department nor a Trump spokeswoman immediately responded to requests for comment from Forbes . Key Background In April, the Washington Post reported the Justice … [Read more...] about Grand Jury Investigating Trump’s Transfer Of White House Records To Mar-A-Lago, Report Says

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Pentagon reports increase in UFO numbers over last 20 years

May 18, 2022 by thethaiger.com

US officials say the number of unidentified flying objects reported in the last 20 years has increased, according to an AFP report. Scott Bray, a director of Naval intelligence, says there has been an increase in the numbers of unidentified objects in certain areas. “Since the early 2000s, we have seen an increasing number of unauthorised and/or unidentified aircraft or objects in military-controlled training areas and training ranges and other designated airspace.” Bray says the US military’s efforts to remove the stigma from reporting UFOs could well be behind the increase. It can also be attributed to advances in technology. However, Bray insists the Pentagon has not found anything to suggest that the objects are not from this planet. Hedging his bets however, he hasn’t ruled out that possibility. “We’ve made no assumptions about what this is or isn’t.” According to the AFP report, in June of last year, a report released by US intelligence officials claimed there was no … [Read more...] about Pentagon reports increase in UFO numbers over last 20 years

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Trump—Without Evidence—Sows Pennsylvania Fraud Claims As Vote Count Drags On

May 18, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline Votes are still being counted in Pennsylvania's hotly contested GOP Senate primary, but former President Donald Trump is already shaping a narrative that the sluggish pace is because of a behind-the-scenes conspiracy to rob his preferred candidate, Dr. Mehmet Oz, of a win, returning to a strategy of lies he used following the 2020 election after a shaky election night for his endorsement record. Key Facts Trump lamented the slow pace of vote counting in a series of statements Wednesday morning on his Truth Social platform, saying: "Dr. Oz should declare victory. It makes it much harder for them to cheat with the ballots that they 'just happened to find.'" Oz said Tuesday night it was clear neither campaign would be able to assert victory as votes were still being counted–he made no claims of voter fraud. As of 1:30 p.m. Eastern time Wednesday, Oz led former hedge fund CEO David McCormick 31.3% to … [Read more...] about Trump—Without Evidence—Sows Pennsylvania Fraud Claims As Vote Count Drags On

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South Carolina Becomes 16th State To Ban Transgender Student Athlete Participation

May 17, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline South Carolina banned transgender student athletes from sports that align with their gender identity in public schools and colleges Monday when Gov. Henry McMaster unceremoniously signed the bill tagged “Save Women’s Sports Act” into law. Key Facts Transgender students enrolled in South Carolina public schools are required to compete with the gender listed on their birth certificate under the new law, which went into effect upon governor’s approval Monday. Private schools were not expressly prohibited under the new law from allowing transgender athlete participation, but private schools that compete with public schools must comply as well. The law blocked schools and student athletic associations from retaliating against students who report a transgender athlete for violating the law. The bill and its supporters cited the need for “ fairness in women’s sports ” with the claim … [Read more...] about South Carolina Becomes 16th State To Ban Transgender Student Athlete Participation

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Trump Endorses Hard-Right Doug Mastriano In Pennsylvania’s Gubernatorial Race

May 14, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline Former President Donald Trump said Saturday morning he’s backing Pennsylvania state Senator Doug Mastriano (R) in the state’s gubernatorial contest, a candidate some Pennsylvania Republican officials reportedly worry is too extreme to win in the general election. Key Facts Mastriano was one of the most prominent figures in Pennsylvania peddling false claims of widespread fraud in the 2020 presidential election, with Trump saying in a statement: “There is no one in Pennsylvania who has done more, or fought harder, for Election Integrity than State Senator Doug Mastriano.” Mastriano traveled to Washington, D.C., for Trump’s “Stop the Steal” rally on January 6, 2021, but claims he left before riotous Trump supporters stormed the Capitol. Mastriano has surged in recent polls ahead of next week’s GOP primary—the latest RealClearPolitics polling average has him at 25.7% support, more than 10 percentage … [Read more...] about Trump Endorses Hard-Right Doug Mastriano In Pennsylvania’s Gubernatorial Race

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Michigan Can’t Enforce Pre-Roe Abortion Ban If Roe V. Wade Is Overturned, Judge Rules

May 17, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline Michigan’s 1931 abortion ban cannot start being enforced again if the Supreme Court overturns Roe v. Wade in the coming weeks, a state judge ruled Tuesday, blocking one of nine state abortion bans from before Roe was decided that could soon take effect if the court overturns the landmark ruling as expected. Key Facts The Michigan Court of Claims issued a preliminary injunction that bars the state government from enforcing the ban as the litigation plays out, after Planned Parenthood sued the state in an effort to block the decades-old legislation. The law bans all abortions except to save the life of the mother, and classifies any abortions that are performed in violation of the ban as manslaughter. Judge Elizabeth L. Gleicher ruled there’s a “strong likelihood” Planned Parenthood would win the case as it moves forward, and the preliminary injunction should be granted to avoid the “irreparable … [Read more...] about Michigan Can’t Enforce Pre-Roe Abortion Ban If Roe V. Wade Is Overturned, Judge Rules

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Trump-Endorsed Doug Mastriano Wins GOP Primary For Pennsylvania Governor

May 17, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline Pennsylvania state Sen. Doug Mastriano has won the Republican nomination for Pennsylvania governor, according to the Associated Press, fending off a reported last-ditch effort from state GOP officials who worry he's too extreme to win a general election. Key Facts The AP called the race for Mastriano at 9:51 p.m. Eastern time, with an estimated 45% of the vote counted. Mastriano held a lead with 42.5% of the vote, followed by Lou Barletta with 22.6% and Bill McSwain with 15.2%. Mastriano faces Pennsylvania Attorney General Josh Shapiro, the Democratic nominee for governor, in November's general election. Incumbent Gov. Tom Wolf (D) was unable to seek reelection due to term limits. Key Background Former President Donald Trump announced on Saturday he was endorsing Mastriano , who already had a large lead in polls. Mastriano was one of Pennsylvania's loudest voices repeating Trump's … [Read more...] about Trump-Endorsed Doug Mastriano Wins GOP Primary For Pennsylvania Governor

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