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Stocks waver after hitting record highs
Stocks waver after hitting record highs
Economy
by  AFP

Stock markets wavered Thursday following record-breaking rallies that were fuelled by cooling US inflation, though Wall Street pushed ahead with the Dow topping the 40,000-point mark mid session for the first time.

Walmart profits rise on strong sales from wealthier shoppers
Walmart profits rise on strong sales from wealthier shoppers
Economy
by  AFP

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales. The improved sales to wealthier shoppers reflect a focus on affordable pricing and convenience, as well as a greater attention to products such as fresh food, company executives said on a conference call.