Group 1 - The U.S. Supreme Court ruled that President Trump's imposition of tariffs during his second term was illegal, stating that the invocation of the International Emergency Economic Powers Act (IEEPA) exceeded presidential authority [1] - The court emphasized that the power to regulate imports under IEEPA does not include the authority to impose tariffs unilaterally [1] - The ruling was initiated by multiple U.S. business groups, supported by 12 state governments, claiming that the tariffs caused significant harm to business operations and state economies [1] Group 2 - Despite some concessions on the most severe tariffs, the effective tariff rate in the U.S. is projected to remain above 10% until the end of 2025, the highest level since World War II [2] - Following the ruling, market reactions were mixed, with major retail companies showing varied stock performance; Walmart's stock fell by 1.8%, while Home Depot's rose by 1.2% [2] - Automotive and apparel stocks generally performed well, with Cars.com up by 2%, and Nike increasing by over 2.6% [2] Group 3 - Democratic lawmakers welcomed the ruling, viewing it as a victory for the rule of law and the American people's interests, asserting that trade legislative authority belongs to Congress [3] - The immediate impact on financial markets was limited, with the dollar index briefly declining before stabilizing, and the S&P 500 and Nasdaq indices experiencing fluctuations [3] - Market predictions indicate a 66% probability that the court will order Trump to refund tariffs by July 2026, a significant increase from the previous estimate of around 30% [3]

Walmart’s ( WMT ) stock price is holding steady following the release of its Q4 results and associated outlook, which came in surprisingly below forecast. What is more surprising, perhaps, is the stability in the stock price despite the miss, especially given WMT’sAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...

Group 1 - The article provides a market analysis focusing on Alphabet Inc Class A and Booking Holdings Inc, highlighting their performance and market trends [1] - Alphabet Inc Class A has shown significant growth in digital advertising revenue, contributing to its overall financial performance [1] - Booking Holdings Inc has experienced a recovery in travel demand, leading to increased bookings and revenue growth [1] Group 2 - The analysis indicates that both companies are well-positioned to capitalize on current market trends, with Alphabet benefiting from its strong digital ecosystem and Booking leveraging the rebound in travel [1] - Key financial metrics for both companies are discussed, showcasing their revenue growth percentages and market share [1] - The article emphasizes the competitive landscape in which these companies operate, noting the challenges and opportunities present in their respective industries [1]

美国2025年第四季度实际GDP初值按年化季率增长1.4%，明显低于预期的2.8%，较前值4.4%大幅放缓。政府停摆拖累GDP约1 个百分点，联邦支出年化下降16.6%。尽管全年经济仍增长2.2%，但消费与出口回落、劳动力市场隐忧以及通胀顽固，使经济前 景更趋复杂。数据公布前，特朗普提前发声批评停摆并施压降息，引发市场关注。 不过，投资增速加快，部分抵消了上述负面影响。衡量国内私人需求的"私人国内购买者实际最终销售额"（即消费者支出与私人 固定投资之和）在第四季度增长2.4%，而第三季度增长2.9%。放缓主要源于耐用品支出减少，例如汽车消费下降。 从结构来看，个人消费支出是第四季度增长的主要推动力，为整体GDP增长贡献了1.6%。企业投资增长3.7%，主要受到信息处 理设备投资推动，这很可能与人工智能投资热潮有关。媒体称，预计这一趋势将在今年进一步提振经济，目前美国四大科技公司 已预计将在2026年合计投入约6500亿美元，用于数据中心及相关设备建设。信息处理设备投资为GDP增长贡献0.65%，软件投资 贡献0.17%。 净出口同样拖累第四季度增长，对GDP的贡献几乎为零。进口的降幅小于上一季度。周四公布的数 ...

Economic Data - The personal consumption expenditures price index report, a key inflation gauge for the Federal Reserve, is set to be released at 8:30 a.m. ET, along with GDP, consumer spending, and income data [2] - The U.S. trade deficit for 2025 was reported at $901.5 billion, reflecting a 0.2% decrease from the previous year despite the implementation of broad tariffs [3] Retail Sector - Amazon has surpassed Walmart in quarterly revenue for the first time, reporting $187.8 billion in sales for the fourth quarter, compared to Walmart's $180.5 billion [4][5] - Bath & Body Works has launched an authorized storefront on Amazon, expanding its reach beyond its physical stores [6] Housing and Employment Trends - In Silicon Valley, the number of individuals living in RVs has increased significantly, with the share of those sleeping in cars rising from 18% in 2019 to 37% last year [8][9] - The wage gap between job hoppers and those staying in their positions has narrowed to below 2 percentage points, down from a peak of 8.4 points in April 2022, indicating a shift in job market dynamics [10][11]

Core Insights - Amazon is set to surpass Walmart as the top revenue-generating company, reporting $716.9 billion in fiscal-year revenue for 2025 compared to Walmart's $713.2 billion, marking a significant shift in the retail landscape [1][2] Group 1: Revenue and Growth - Amazon's revenue growth rate is approximately three times that of Walmart's in recent years, reflecting a transformation in the definition of a "retailer" in the context of cloud computing and AI [2] - Walmart's e-commerce sales reached a record $150 billion for the first time, with U.S. e-commerce accounting for 23% of fourth-quarter sales, a 27% year-over-year increase [4] Group 2: Strategic Developments - Both companies are increasingly resembling each other in their strategies, with Walmart focusing on e-commerce, data, automation, and advertising, while Amazon invests in physical infrastructure and everyday essentials [3] - Walmart is enhancing its operations through AI, with initiatives like automated distribution centers and partnerships with OpenAI and Google to improve delivery costs and customer experience [5][6] Group 3: Technological Integration - Walmart's generative AI-powered shopping assistant, Sparky, has been adopted by roughly half of app users, leading to a 35% higher average order value for those who engage with it [6] - The company's recent move to the Nasdaq and inclusion in the Nasdaq-100 indicates a desire to be benchmarked alongside tech leaders like Amazon rather than traditional retailers [7]

据悉，沃尔玛全球第四季度实现总营收1907亿美元，同比增长5.6%（剔除汇率波动影响后，总营收为 1893亿美元，同比增长4.9%）；第四季度调整后营业利润为86亿美元，同比增长10.5%。 2026财年全年实现总营收7132亿美元，同比增长4.7%（剔除汇率波动影响后，总营收为7159亿美元， 同比增长5.1%）；全年调整后营业利润为311亿美元，同比增长5.4%。 具体至中国市场，沃尔玛中国在第四季度实现净销售额61亿美元，同比增长19.3%；虽然受到春节旺季 延后的影响，本季度可比销售额依然录得10.7%的增长。本季度山姆会员商店继续保持强劲的发展势 头，交易单量达双位数增长，2025年新增10家门店，其中本季度新增6家。 第四季度电商业务继续保持28%的增长，电商销售额占比已突破50%。尽管电商渗透率的提升以及业态 占比的变化对毛利结构产生了一定影响，但得益于销售增长及运营效率的持续优化，公司实现了运营费 用率的优化与运营利润的稳步增长。 （企业公众号） 近日，沃尔玛中国公众号发文称，沃尔玛公布2026财年第四季度业绩。 (编辑：王璨 林辰) ...

Company Developments - Amazon (AMZN) has officially surpassed Walmart (WMT) as the world's largest company by revenue, a shift attributed to the concept of "Amazon-ification," which emphasizes 24/7 availability and a robust fulfillment network [4] - Johnson & Johnson (JNJ) is considering a $20 billion sale of its orthopedics business [8] - Tesla (TSLA) has launched its most affordable Cybertruck and reduced the price of its Cyberbeast model [8] - Nvidia (NVDA) and OpenAI have reportedly abandoned a $100 billion deal in favor of new investment opportunities [8] - Netflix (NFLX) has sufficient cash reserves to increase its bid for Warner Bros. (WBD) [8] Industry Trends - The CME Group (CME) is moving towards round-the-clock trading, with crypto futures and options set to trade 24/7 starting May 29, reflecting a 46% year-over-year increase in average daily volume to 407,200 contracts [4] - Retail trading has gained traction, with platforms like Robinhood (HOOD) and Webull (BULL) facilitating overnight stock trading, and exchanges extending trading hours [5] - The National Securities Clearing Corporation is transitioning to a 24/5 operating schedule in June, which will enhance the guarantee of overnight trades and mitigate risks for brokerages [6] - The Securities Information Processor (SIP) is also moving towards 24-hour data dissemination from Sunday to Friday night, aligning with the industry's shift towards continuous trading [6]

This story was originally published on Marketing Dive. To receive daily news and insights, subscribe to our free daily Marketing Dive newsletter. Walmart’s U.S. advertising arm, Walmart Connect, grew revenue 41% year over year in Q4, an important period that includes the holidays, according to an earnings statement. The retailer saw global advertising revenue rise 46%, reaching nearly $6.4 billion, for the full fiscal year. Advertising and membership fees, two high-margin segments, accounted for a third ...

In today’s CEO Daily: Fortune’s Phil Wahba reports on the historic reshuffle atop the Fortune 500. The big leadership story: OpenAI CEO Sam Altman says AI super intelligence could someday do his job. The markets: Mostly up, even as investors monitor mounting U.S.-Iran tensions. Plus: All the news and watercooler chat from Fortune. Good morning. There is a new top dog in Corporate America. Walmart, long the largest U.S. company by revenue and No. 1 on the Fortune 500, was eclipsed for the first time ...