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Retail had a 'surprisingly robust' first quarter, but the real test is ahead as tax refunds dry up
The retail industry emerged from a choppy first quarter relatively unscathed, but higher than usual tax refunds and an uptick in buy now, pay later use likely helped to buoy spending. As Wall Street looks ahead to the second quarter, the period could offer a clearer view on consumer health and just how much high gas prices and persistent inflation have disrupted the economy and pressured already-strained household budgets. "Once you got through April and May, you're really not seeing the...
From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending U.S. consumers haven’t stopped spending since the Iran war drove up fuel prices - Bookmark U.S. consumers haven’t stopped spending money since the Iran war drove up fuel prices, but many shoppers are reassessing what they buy and where, according to company executives and retail analysts. The behavior changes observed so far are subtle, such as altered routines for buying gasoline and fewer visits to...
Walmart shifts its ‘deals’ event to go head-to-head with Amazon Prime Day
Walmart shifts its ‘deals’ event to go head-to-head with Amazon Prime Day The promotional push arrives weeks after Walmart reported a $175 million hit to its first-quarter operating income due to rising fuel costs - Bookmark - CommentsGo to comments Walmart will hold its summer savings event in late June this year, going head-to-head with Amazon’s Prime Day and kicking off an earlier summer discount window for major U.S. retailers. The Walmart Deals event will run from June 22 through June...
Dementia risk linked to nitrate in drinking water, study finds
Dementia risk linked to nitrate in drinking water, study finds - Date: - June 8, 2026 - Source: - Edith Cowan University - Summary: - A major long-term study of more than 54,000 adults found that where nitrate comes from may matter far more than how much you consume. People who got more nitrate from vegetables—roughly the amount in a cup of baby spinach a day—had a lower risk of developing dementia, while higher nitrate and nitrite intake from red meat, processed meat, and even drinking...
Walmart shareholders reject proposal to explain AI's impact on 1.6 million employees
Walmart shareholders voted against an investor proposal asking it to report on how its use of AI is affecting the well-being of its employees, according to voting results from the retailer's annual shareholders' meeting. The proposal, filed by investor United for Respect, reportedly asks Walmart to explain how it measures the effect of advanced technologies — like Artificial Intelligence (AI) and automation — on jobs, pay, training and equity. This is Walmart's first annual meeting since...