Answering Some of the Biggest Questions Facing the Tech Industry—Data Sheet

Good morning from Aspen, Colo., literally (at 8,000 feet) and figuratively one of the most breathtaking places in the world. My Fortune colleagues and I convene the annual Brainstorm Tech conference this afternoon (starting at 2 p.m. Mountain Time). We’ll be joined by some of the brightest lights in tech, all here to see around […]

Walmart and Target’s Retail Trade Group Offers to Help Antitrust Investigators Looking Into Amazon and Google

A leading U.S. retail group, whose members include Walmart, is eager to aid antitrust enforcers that are poised to investigate whether Amazon and Alphabet’s Google are harming competition. The Retail Industry Leaders Association, which also represents Target and Best Buy among others, said it’s prepared to present their concerns to the Justice Department and the […]

Walmart Pays $138 Million in Years-Long DOJ Bribe Inquiry

Walmart Inc. has agreed to pay about $138 million to settle U.S. Justice Department claims that its Brazilian unit violated U.S. bribery laws to secure construction permits for new stores. WMT Brasilia pleaded guilty Thursday to failing to keep accurate records, while the U.S. parent reached a non-prosecution agreement with the Justice Department over violations […]

China Tariff Watch: Walmart Sets Price-Increase Strategy With Supplier-Cost Tool

Walmart Inc. has updated the information network used daily by its suppliers to let them submit cost increases directly attributable to higher U.S. tariffs on Chinese goods. The move shows how the world’s largest retailer, which sells billions of dollars of goods made in China annually, is incorporating the reality of tariffs into its day-to-day […]

Walmart CEO Calls for Raising the Federal Minimum Wage

Walmart Inc.’s CEO wants Congress to boost the federal minimum wage, a rare instance of the nation’s biggest private employer demanding change on a contentious issue, about which it has long been pilloried for its resistance. The current $7.25 minimum wage is “too low,” Walmart Chief Executive Officer Doug McMillon said Wednesday at the company’s […]

Sen. Bernie Sanders to Crash Walmart Annual Meeting

Sen. Bernie Sanders plans to crash Walmart Inc.’s annual shareholder meeting next month, but he won’t get the VIP treatment the retailer usually extends to famous guests. Sanders, a longtime critic of labor practices at the nation’s biggest private employer, will introduce a shareholder proposal at the June 5 meeting in Rogers, Ark., a spokeswoman […]

Walmart Says Price Increases Are Coming Due to China Tariffs

Shopping at Walmart is about to get more expensive. The nation’s largest retailer commented on the effects of the Trump administration’s increased tariffs on goods made in China Thursday in an earnings call. And it wasn’t good news for bargain hunters. “We’re going to continue to do everything we can to keep prices low,” said […]