Walmart’s focus on lower prices, e-commerce pays off as costs rise and tariffs loom

Walmart Inc.’s latest results show that its heavy investment in low-price strategies and digital are paying off, analysts say. Walmart WMT, -2.21%   reported U.S. same-store sales growth of 3.4%, and 6.1% growth on a two-year stack. E-commerce sales grew 43%. Overall sales of $124.9 billion missed the FactSet consensus for $125.38 billion, but adjusted…

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Apple’s stock bounces back after analyst says investors should buy the dip

Shares of Apple Inc. rebounded Thursday, as they attempted to snap a five-day skid lower, after Morgan Stanley analyst Katy Huberty said she believes the recent weakness has been an overreaction to sales warnings from smartphone suppliers, which has created a buying opportunity. The iPhone maker’s stock AAPL, +2.61% surged 2.2% in afternoon trade, after…

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FDA Seeks Restrictions on Teens’ Access to Flavored E-Cigarettes and a Ban on Menthol Cigarettes

Stopping short of its threatened ban on flavored e-cigarettes, the Food and Drug Administration said on Thursday that it would allow stores to continue selling the products, but only from closed-off areas that are inaccessible to minors. At the same time, the agency moved to outlaw two traditional tobacco products that disproportionately harm African Americans:…

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US and China conflict goes way beyond trade, says Ray Dalio, founder of world’s largest hedge fund

The dispute between the U.S. and China over trade deficits and surpluses is rather trivial compared to the broader philosophical differences between the world’s two biggest economic superpowers, Bridgewater Associates founder Ray Dalio told CNBC on Thursday. “The trade war, I think, can be worked out,” the billionaire investor Dalio said in a “Squawk Box”…

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