
UnitedHealth Adds a New Board Committee to Increase Oversight
The committee 'will monitor and oversee financial, regulatory, and reputational risks,' the company said in a filing Wednesday. UnitedHealth also named a new lead independent director, the former Vanguard Group chief F. William McNabb, who has served on the board since 2018.
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- Yahoo
Walmart stock falls after earnings miss forecasts as US sales, 2025 outlook rise
Walmart (WMT) stock fell more than 2% early Thursday after the company reported second quarter earnings shy of expectations while US sales growth topped forecasts with the big box retailer's low-price strategy drawing consumers as tariff-related uncertainty pushed them to more carefully scrutinize their household budgets. In the second quarter, total US same-store sales grew 4.6%. That's more than the 4.2% Wall Street predicted, per Bloomberg consensus estimates. Its wholesale subscription business, Sam's Club, saw the same metric grow 5.9%, the Street had forecast a 5.3% increase. The company now expects net sales in its fiscal 2026 to increase between 3.75%-4.75%, up from a prior range of 3%-4% growth that the company reiterated in the prior quarter. Walmart stock came under pressure after the results showed the company reported adjusted earnings per share of $0.68, below the $0.74 the Street had forecast. Revenue came in at $177.40 billion, better than the $176.05 billion Wall Street expected. Adjusted earnings per share are expected to come in between $0.58-$0.60 in the current quarter. "The top-line momentum we have in our business comes from how we're innovating and executing. Connecting with our customers and members through digital experiences is helping to drive our business, and the way we're deploying AI will make these experiences even better," CEO Doug McMillon said in the release. Walmart called out strength in its grocery and health & wellness categories driving its US sales growth. The company it saw share gains "across income brackets led by upper-income households" in its US stores. By category, the company saw grocery sales rise by mid-single digits in the US stores while health & wellness categories saw sales rise by a mid-teens percentage. Investors will look for further insights around tariffs on the call after the company said it would have to raise prices earlier this year. In the quarter, Walmart said "like for like" inflation was 1.1% in its US stores. Read more: 5 ways to tariff-proof your finances Walmart CEO Doug McMillon told analysts in May, "We aren't able to absorb all the pressure given the reality of narrow retail margins." He added that tariffs had already led to price increases in April and May. At the time, McMillon said the "reset of costs" would continue throughout the year, adding that for an imported item, "You pay the tariff at the time it comes through customs ... even if the tariff rate comes down later, the cost has been elevated." Robert Ohmes of Bank of America estimated Walmart imports roughly 15% of its US sales from China. Around 60% of the US sales are groceries, which are largely tariff-exempt if they're produced domestically or in Mexico and Canada. Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Click here for all of the latest retail stock news and events to better inform your investing strategy
Yahoo
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US and EU frame the ongoing deal between the trading partners and solidify some commitments
WASHINGTON (AP) — The United States and the European Union on Thursday issued a joint statement that frames the ongoing deal between the trading partners and solidifies some trade commitments. 'This Framework Agreement will put our trade and investment relationship — one of the largest in the world — on a solid footing and will reinvigorate our economies' reindustrialization,' the document reads. Together, the U.S. and the EU have 44% of the global economy. Key points in the letter include a 15% U.S. tariff rate on most European goods, with specifics on auto tariffs tied to EU legislative actions. In addition, the EU agrees to eliminate tariffs on industrial goods and many agricultural products, while the U.S. will reduce tariffs accordingly. The agreement also covers $750 billion in energy purchases and $600 billion in EU investments by 2028. The agreement also addresses non-tariff barriers, digital trade and environmental regulations. In July, President Donald Trump and European Commission President Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland and announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by Aug. 1. Before the Republican U.S. president returned to office for his second term, the U.S. and the EU maintained generally low tariff levels in what is the largest bilateral trading relationship in the world, with about $2 trillion, around 1.7 trillion euros, in annual trade. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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The sober-curious generation? This map shows where Gen Z is reshaping U.S. drinking habits.
Gen Z is the sober-curious generation. Between 2011 and 2023, the number of adults aged 18 to 24 who drank alcohol dropped by 8 percentage points, according to survey data from the Centers for Disease Control and Prevention. Consumption among 25- to 34-year-olds has also fallen 5 percentage points over the past decade, making young adults the driving force behind America's diminishing alcohol consumption. Gen Z is driving the shift away from drinking. Even young people who do drink do so less frequently than previous generations. Nearly two-thirds of 18- to 34-year-olds say one to two drinks a day is bad for their health, reflecting changing attitudes toward drinking. These days, drinking less doesn't mean sacrificing a social life, though. Bars and liquor stores are catering to a growing demand for mocktails and zero-proof alcohol. Data from Eventbrite shows a 92% rise in sober-curious events across the country over the past year. These include everything from morning dance parties (20% rise) to DJ'd events with coffee instead of alcohol (478% rise). Advertisement Yahoo used data from Behavioral Risk Factor Surveillance System to examine the evolving drinking culture among young adults in the U.S. The map data is based on surveys conducted between 2011-2012 and 2022-2023.