The Week in Numbers: Walmart warns, airlines soar
STORY: From Walmart's warning on U.S. shoppers, to a revival for world airlines, this is the Week in Numbers…
Up to $6.05 per share is the full-year profit forecast at Walmart.
That was significantly below analyst expectations, raising fears about the outlook for U.S. consumers spending.
Shoppers there are increasingly pressed by soaring prices and rising interest rates.
Rivals Home Depot and Dollar General also offered glum outlooks.
Just 50 cents is the dividend at Intel - its lowest in 16 years.
The chips giant is scaling back investment to save cash as demand falls.
Its mood probably wasn’t improved by seeing shares soar for rival Nvidia, after it beat forecasts.
Analysts say it’s taking the lead in AI chips.
Close to 90% is how much British Airways-owner IAG thinks profits could jump this year.
While this week also saw Australia’s Qantas post a record first half profit of almost $1 billion.
Airlines are benefiting as China reopens to travellers and global demand recovers.
About 2,000 is how many jobs will go at consulting giant McKinsey & Co.
That’s according to media reports.
The company told Reuters it was rethinking how non-client-facing teams would operate.
And 69% was the jump in net income at Alibaba over the latest quarter.
The e-commerce titan also saw revenues rise, even as overall Chinese retail sales fell.
Now analysts say it could benefit as China’s consumers start to spend money saved during lockdowns.
