Walmart might be lacking the shine of AI stocks, but it's outlook is bright Its AI initiatives could be a blueprint for the retail sector The stock is the winner within the Dow-Jones; next target at $82.40    Corporate taxes come under the spotlight The US presidential debate between Donald Trump and Kamala Harris boosted bets of a Democratic win, with investors growing concerned about potential tax increases on corporate profits and capital gains.

Fed rate cut bets scaled back after upbeat US data Wall Street rally loses steam, dollar edges up as yields rebound Global growth worries and disappointing US-China summit also dent mood Post-CPI euphoria fizzles out Equities were muted while the greenback was broadly firmer on Thursday as the relief rally on the back of this week’s cooler-than-expected US CPI readings lost steam following some not-so-soft data yesterday.

Wall Street is in the midst of another relief rally as investors pile into stocks again following the latest price indicators out of the United States reaffirming that inflation has peaked. Impressive earnings from retail giant Walmart added to the upbeat mood on Tuesday. But as the rebound begins to lose momentum, the other retailers reporting this week are unlikely to refuel the rally.

US retail giants lift recession gloom, as Dow Jones and S&P 500 extend gains But FX market focused on US data and Fed minutes, dollar stays firm Pound and kiwi reverse gains from UK inflation surprise and hawkish RBNZ Stocks stay on the bright side Equity traders continue to shrug off persisting recession worries, choosing to bet instead that a severe downturn will be avoided, at least when it comes to earnings.

Dismal data out of China and the US stifle risk appetite as recession risks return But Wall Street immune to the doom and gloom as tech stocks rally   Dimming outlook weighs on commodities as oil hits 6½-month low Dollar powers ahead on fresh growth scare The month-long risk rally suffered a major setback on Monday after economic indicators out of the world’s two biggest economies did anything but shore up confidence in the growth outlook, reviving fears about a global recession.

Hong Kong shares rally, lift Asia and Europe, as China gloom fades But Wall Street and dollar set sights on US retail sales and Powell’s inflation speech Pound gets surprise jobs boost, shrugs off Bailey’s apocalyptic warnings Easing crackdown worries lift China tech shares Stocks in Asia were bolstered on Tuesday on signs that Chinese policymakers are having a rethink about how they regulate the digital economy as a government advisory body held consultations with local tech exec

Walmart is set to unveil its third-quarter financial results on Tuesday before the market open. The company has largely benefited after the pandemic onset because it was considered an essential retailer by the regulators, allowing the firm’s stores to remain open while most of its competitors were forced to shut down their shops. Nevertheless, to keep up with the competition and further boost its revenue, the enterprise also improved its delivery subscription service, Walmart+.