The world’s richest family suffers $27b Wall Street wipeout - The Age

Discount retailer Walmart suffered its worst tumble in 35 years on Wall Street wiping billions away from the fortunes of the members of the prestigious Walton family.

Walmart tumbled the most in almost 35 years after cutting its full-year profit forecast due to inflationary pressures, especially in food and fuel. Walmart, controlled by the family, closed 11.4 per… [+2028 chars]

full article...