Walmart sounds a note of caution on consumers ahead of holidays, shares fall

Walmart sounds a note of caution on consumers ahead of holidays, shares fall

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on Thursday said U.S. consumers are acting more cautious with spending as the holiday season gets underway, even as the largest U.S. retailer raised its forecast for sales and profit for the year. The company's shares fell 7.7% Thursday as executives said higher interest rates and dwindling…

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