Walmart

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Higher costs dent Nike profits

Nike reported a drop in quarterly profits on June 30 despite higher sales due to the drag from increased costs and the liquidation of unwanted merchandise.

The sports giant reported profits $1.0 billion for the quarter ending May 31, down 28 percent from the year-ago period.

Revenues rose 5 percent to $12.8 billion.

Baby Shark toys recalled as kids were cut or stabbed

About 7.5 million singing and swimming "Baby Shark" bath toys are being recalled after multiple lacerations and puncture wounds were reported in children playing with them.

Zuru, an El Segundo, California-based toymaker, said it's recalling both full-size and mini versions of its robotic baby shark toys that have hard plastic top fins, which pose the injury risks.

Walmart lifts wages at US stores again

Walmart announced on Jan. 24 it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector.

The retail giant, the biggest private employer in the United States, is boosting the pay range at U.S. stores to between $14 and $19 an hour from the prior $12 to $18 an hour.

46 migrants found dead in abandoned trailer in San Antonio

Forty-six people were found dead in a sweltering tractor-trailer that was abandoned on a remote back road in San Antonio in what marked the latest tragedy to claim the lives of migrants smuggled across the border from Mexico to the U.S. Sixteen people were hospitalized, including four children.

Wall Street Shares Collapse because of Ukraine

Shares of Wall Street collapsed today amid growing fears of a potential Russian invasion of Ukraine, AFP reported. Markets ignored the good results of Walmart and other companies.

Price of Gold with a Max. Value since June

The Dow Jones Industrial Average ended 1.8 percent, a loss of more than 620 points and ended at 34,312.03 points.

Pfizer Vaccine Becomes First to Receive Full FDA Approval

The US Food and Drug Administration (FDA) has given its full approval to the use of the Pfizer / BioNTech vaccine in the United States. Although the vaccine has been given so far, this has only happened with an "emergency" authorization.

The two-dose vaccine has met "the high standard of safety, efficiency and quality of production," said acting FDA director Janet Woodstock.

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