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Consumer Spending

Walmart Lifts Full-Year Sales, Profit Forecast As Q1 Results Exceed Expectations

Walmart Lifts Full-Year Sales, Profit Forecast As Q1 Results Exceed Expectations

US retail giant Walmart raised its full-year forecast and reported better-than-expected first-quarter results.

Alibaba Beats Quarterly Revenue Estimates, Profit Declines

China's Alibaba Group Holding beat analysts' estimates for fourth-quarter revenue as a focus on low-cost goods in response to cautious consumer spending he...