Two big retailers expect consumers to slow down
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 February 2024
⏱️ 1 minutes
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Summary
Walmart and Home Depot expect slower growth in the months ahead; authorities take down global ransomware group Lockbit; Biden administration funds $6 billion in water infrastructure improvements; Capital One wants to purchase Discover, in a deal that would create a credit card giant.
Transcript
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| 0:00.0 | Two big retailers say consumers will likely tap the breaks. |
| 0:04.4 | I'm Novasafo with a marketplace minute. |
| 0:06.4 | Walmart and Home Depot are tempering expectations on Wall Street. |
| 0:09.9 | Walmart says sales growth this year will be less than last, but still as high as 4%. |
| 0:15.5 | Home Depot expects growth of 1%. |
| 0:17.4 | The company characterized that as a plateau after three booming years. |
| 0:22.2 | Authorities from several nations have taken down a |
| 0:24.0 | ransomware operation known as Lockbit. The US unsealed indictments against two |
| 0:28.6 | Russian nationals. Lockbit targeted thousands of companies and organizations globally, including Boeing. |
| 0:35.0 | The Biden administration is distributing $6 billion to improve water infrastructure around the country, |
| 0:40.0 | including replacing lead pipes, upgrading water treatment plants, and building rural projects. |
| 0:46.4 | Credit Card Giant Capital One wants to purchase rival Discover, which also has a payments network. |
| 0:52.0 | The deal is likely to face tough regulatory scrutiny as it would create |
| 0:54.8 | a mega bank with more than half a trillion dollars in assets. |
| 0:58.8 | I'm Novasafo with a marketplace minute. |
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