HONG KONG, China (AFP) — Asian markets headed into the weekend on a negative note on Friday as traders fret over the outlook for Donald Trump’s much-vaunted tax-cut plans while profit-takers cashed in after the latest rally. The losses extended the broad regional sell-off Thursday, which started when Tokyo’s Nikkei saw a two percent gain in the morning reverse to a 1.7 percent loss at one point. While investors will be keeping an eye on […]
Tag: Wal-Mart profits
Wal-Mart profits fall as it ramps investment to fight Amazon
by John Biers Agence France-Presse Walmart updated investors Thursday on its latest new gadgets and time-saving pickup options to lure shoppers to stores and away from arch-rival Amazon. The good news? The company’s array of investments in e-commerce, store beautification, low prices and higher employee pay are indeed driving up store traffic. The bad news? Profits are down. Walmart US, the biggest division at Wal-Mart Stores, scored a 1.8 percent rise in comparable sales in […]





