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originally posted by: butcherguy
Walmart should cut costs by removing 22 of the 24 (however many it is) checkout stations in their Supercenters. Every time I visit one of them, there are generally only two lanes open at the checkouts with lines of a dozen or so people at each one.
Lame-arse stores anyway.
Global equities plunged Friday on concerns about China and plunging oil prices. U.S. stocks didn’t avoid the carnage. Here’s a recap of our live blog following all the actio
The biggest problem our economy faces is financial illiteracy
Iran is getting ready to sell their oil. That can cause USA some trouble.
In interviews, officials say they are studying barter deals involving European goods, investment in foreign refineries and switching the benchmark used to price Iran’s petroleum.
Remember how Walmart raised its wages about a year or two ago, and now it's closing stores? Coincidence?
The first thing you do in a credit crunch / recession is pay off your debt as quickly as you can. Americans heard that advice and followed suit
originally posted by: Edumakated
originally posted by: texasgirl
a reply to: TonyS
And now Walmart has announced it will be closing 269 stores. Love or hate Walmart but that's more people being dumped into the unemployment pool.
And yet we have the typical ATS crowd still yelling about increasing minimum wage.
Wal-Mart laying off 16,000
For the fiscal year ended January 31, 2015, Walmart increased net sales by 1.9% to $482.2 billion and returned $7.2 billion to shareholders through dividends and share repurchases. Walmart ranked first on the 2014 Fortune 500 list of the world’s largest companies by revenue.
originally posted by: TonyS
a reply to: crappiekat
As the market goes, it could be a good thing; this market has been in correction mode for several months now and what's been missing is a big blow-off to the downside to flush out all the would be sellers. Once that happens, greed will creep back in and buyers will come back to the party to pick up bargains. The market has been long overdue a correction like this.
As the business climate is concerned, this market action appears to be bad news because it appears to be tied to some very bad, alarming, business news. That news is, for example, US industrial output has slumped for three straight months; retail sales are in the toilet, and said to be in worst slump since 2009; and the Oil bust has sucked billions out of the economy and put many companies in danger of bankruptcy and default on their corporate bonds.
I "think" 2016 will turn out to be a brutal year for investors with the smart money selling on up days and putting that money into bonds rather than buying equities on market slumps. After Hillary's coronation in 2017 the market might begin to right itself.