Stocks

Walmart is raising its outlook for the year after beating all expectations for the second quarter and registering the strongest same-store sales growth in a decade.

The latest on developments in financial markets (all times local): 9:35 a.m.

The big share price surge could add $24 billion to the company’s market capitalization.

J.C. Penney Co. (JCP) on Thursday reported a loss of $101 million in its fiscal second quarter.

Asian shares fell Thursday after deepening worries about global economic growth, particularly in China, set off a rout on Wall Street.

The Dow surged nearly 400 points after Walmart reported strong quarterly results.

It is not yet clear what type of insurance products would be available.

It was the third straight quarter of revenue growth.

The 2018 Mustang Cobra Jet can run a quarter mile in the mid-eight-seconds.

___ Fed rate policy unintentionally pressures emerging economies WASHINGTON (AP) — By ratcheting up U.S. interest rates, the Federal Reserve has — unintentionally — led investors to pull money out of emerging markets like Turkey, strengthened the dollar's value and made it harder for foreign companies to repay their dollar-denominated debts.

Recreational marijuana is legal in nine U.S. states, as well as Washington D.C.

The retailer projected smaller gross margins for the fall season.

Stocks that moved substantially or traded heavily Wednesday: Macy's Inc., down $6.67 to $35.15

The Arkansas-based retailer has spent heavily to revamp its digital arm and acquire assets in recent quarters.

The latest on developments in financial markets (all times local): 9:35 a.m.

Tesla has reportedly been issued subpoenas by The Securities and Exchange Commission regarding its privatization plans.

Global stocks are sinking Wednesday as an unexpected drop in profits for Chinese tech giant Tencent has investors worrying about economic growth.

Macy's is raising its annual profit forecast as the department store reported an unexpected increase in a key sales measure.

Berkshire Hathaway increased its investments in Teva, Goldman Sachs and Apple

Shares were mostly lower in Asia early Wednesday despite a rally overnight on Wall Street as investors' jitters over the Turkish currency crisis eased.