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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

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

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

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

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

Black box data on crashed China Eastern 737 suggests possible “intentional nosedive” Investigators are now examining further if the crash of China Eastern Airlines 737-800 on March 21 was indeed due to “intentional action on the flight deck”. The early reports say that there is, so far, no evidence of a technical malfunction. The Wall Street Journal reported this week that flight data from one of the two “black boxes” on the Boeing jet indicated that “someone in the cockpit intentionally crashed the plane”. The comments were made by people the WSJ cited as “familiar with the preliminary assessment by US officials”. US National Transportation Safety Board officials have been working with engineers from Boeing and investigators from the Civil Aviation Administration of China since the crash. Boeing, the US manufacturer of the jet, has so far declined to comment on the early leaks and, instead, referred all questions to the Chinese regulators. At this stage, the CAAC, … [Read more...] about Thailand News Today | Crashed China eastern flight possible “intentional nosedive”

- A + A (May 18): He was a hedge-fund manager supposedly under the watchful eye of a “master cop” — an Allianz SE unit that policed his every move. Instead, US authorities say, Greg Tournant sold lies to investors that cost customers, and now Allianz, billions of dollars, and resulted in a guilty plea to federal charges of securities fraud by Allianz Global Investors US. News on Tuesday that the US unit of the German insurance giant was admitting guilt over the collapse of its Structured Alpha group of hedge funds leaves many questions unanswered, including a big one: Will Tournant, who had told investors Structured Alpha would do well whether markets went up or down, end up in prison? For Allianz SE, Tuesday’s development brought an end to legal headaches that have engulfed the German insurer since the funds imploded in March 2020, when financial markets reeled during the early days of the pandemic. The demise of the Structured Alpha funds is just the latest … [Read more...] about Allianz fund managers’ paydays could be followed by prison

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

For many investors, retirement planning represents the bulk, or even the sum total, of their investment activity. As of 2020, there were roughly 60 million active 401(k) participants, in addition to former employees and retirees. But while millions of adults in the United States contribute toward retirement, views on retirement investing and all that goes along with it are anything but uniform. Investopedia conducted a online survey of 4,000 U.S. adults to quantify Americans’ understanding of financial literacy on a generational level, from baby boomers down to Generation Z. Below, we explore some of the top findings of this survey as it pertains to retirement investing and planning. Key Takeaways A small majority of U.S. adults expect to retire, with Gen Z the most optimistic about retiring early. Two-thirds of millennials and Gen X adults are planning for retirement, as are 42% of Gen Z members. Younger generations believe that cryptocurrencies will feature … [Read more...] about Multigenerational Survey Shows How Retirement Planning Is Changing

Moody's cut Russia's credit six notches as it expects "sustained disruption to the economy" as a result of global sanctions against the country after it invaded Ukraine. Russia's stock market remained closed. U.S. stocks are higher after yesterday's surge that came in the wake of Federal Reserve Chair Jerome Powell ’s congressional testimony signaling a Fed rate increase would be lower than what investors feared. Key Takeaways Top credit agency Moody's decreased Russia's credit by six notches. U.S. stocks are rising, following yesterday's surge that came after Fed statements that allayed fears of a big interest rate hike. Best Buy Co. Inc. and Kroger Co. shares rose after reporting better-than-expected earnings. Powell is set to testify before Senate lawmakers this morning after telling House lawmakers yesterday he would propose just a quarter-percentage-point rate hike at the central bank’s March meeting. All major U.S. stock indexes posted solid gains … [Read more...] about Moody’s Cuts Russia’s Credit, Wheat Prices Soar, Powell Allays Investors’ Fears