Latest News Updates From Jaewon Kang

The U.S. housing market has weighed on Home Depot as high interest rates prompt consumers to remain on the sidelines for big-ticket purchases and projects that require financing.

Kroger’s results add to mixed signals about the health of the U.S. economy as consumers navigate persistent woes about inflation and the cooling labor market.

Walmart CEO Doug McMillon, who over a decade ushered the big-box behemoth into the internet age, will retire in February. He’ll be replaced by U.S. head John Furner.

Walmart has paused offers to candidates requiring H-1B visas, sources said, the latest example of how the Trump administration’s $100,000 visa fees are disrupting workforces.

Walmart has been keeping food prices competitive in a bid to pick up market share. Its grocery business is less exposed to import duties than consumer products like car seats and apparel.

Users will be able to shop Walmart’s assortment directly on ChatGPT by clicking a “buy” button, said Daniel Danker, Walmart’s executive vice president of AI, product and design.

Costco Wholesale Corp. reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value.

Shoppers can receive refrigerated prescriptions along with groceries and other products in a single online order, which can be delivered in as fast as 30 minutes.

Food retailers have posted steady sales in recent years, benefiting from shoppers prioritizing necessities even as they cut spending elsewhere.

The company is making structural changes to its teams across the U.S., interim CEO Ron Sargent said in a memo to staff on Aug. 26.