Walmart’s earnings are trying to tell us something about inflation, consumer sentiment, and whether we’re headed for a recession - Fortune

CEO Doug McMillan said new middle and high-income shoppers added to its stronger-than-expected sales.

Americans bought less stuff and spent more on services like travel and recreation coming out of the pandemic, catching major retailers off guard at the start of this year. Now with the threat of a re… [+3765 chars]

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