Walmart topped Wall Street’s estimates on both revenue and EPS and raised its FY26 outlook, underscoring steady traffic and share gains across grocery and essentials. The retail bellwether’s guide-up arrives as consumers remain value-focused, with Walmart leaning on price leadership, omnichannel growth, and membership to sustain momentum into the holidays.
Source: Seeking Alpha
Verizon to cut more than 13,000 jobs in profitability push
Verizon unveiled plans to eliminate over 13,000 roles as part of a cost program under its new CEO aimed at refocusing the wireless giant and boosting operating efficiency. The restructuring highlights ongoing industry pressure to defend margins amid intense competition and heavy network investment cycles.
Source: Seeking Alpha
Asia markets tumble on AI valuation jitters; Japan’s price data adds pressure
Asian equities fell sharply as renewed doubts about stretched AI valuations hit tech heavyweights, with Japan under added strain after core inflation matched forecasts at 3.0% and manufacturing activity remained weak. The region’s declines reflect caution toward growth equities and a reassessment of earnings durability as policy and macro signals remain mixed.
Source: Seeking Alpha | Seeking Alpha | Seeking Alpha
U.S. data: Jobless claims steady; Philly Fed slips—growth still mixed
Initial jobless claims held at 220,000, pointing to a labor market that’s cooling but remains resilient. The Philadelphia Fed Manufacturing Index weakened further, reinforcing a patchy factory backdrop as higher rates and demand uncertainty weigh on new orders—keeping the near-term growth picture mixed.
Source: Seeking Alpha | Seeking Alpha
Oil extends losses on hopes for U.S.-brokered Russia–Ukraine thaw
Crude prices fell as reports of renewed U.S. peace efforts around the Russia–Ukraine conflict eroded the geopolitical risk premium. With inventories elevated and global growth signals mixed, crude remains vulnerable to further downside if supply risks ease faster than demand recovers.
Source: Seeking Alpha
KKR targets $15B for newest Asia fund, extending private markets reach
KKR is seeking to raise $15 billion for its latest Asia vehicle, underscoring persistent LP appetite for the region’s private markets despite public-market volatility. The raise would add significant buyout firepower across Asian deal pipelines in healthcare, consumer, industrials, and tech-enabled services.
Source: Seeking Alpha
BlackRock takes next step toward a staked ETH ETF
BlackRock formed the iShares Staked Ethereum Trust in Delaware, advancing groundwork for a staking-enabled ETH product that would combine price exposure with staking yield inside a regulated wrapper. While formal SEC approval remains uncertain, the move signals growing institutional demand for yield-bearing crypto exposure.
Source: FinanceFeeds
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