Walmart said its sales rose steadily over the holiday shopping period, but online sales growth slowed during the quarter. The world’s largest retailer posted a profit of $2.18 billion, down from a year ago.
Chip giant Qualcomm is set to raise its bid for NXP Semiconductors to about $44 billion in an effort to win shareholder support for the acquisition and help it fend off a takeover approach from Broadcom.
The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, U.S. officials say.
The rise in long-term bond yields so far this year points to a long-awaited return to economic normalcy, and perhaps the end of a yearslong period in which Wall Street analysts repeatedly but erroneously sought to draw the curtain on the era of ultralow interest rates.