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Walmart Beats Financial Forecast, Improves Full-Year Projections on Steady Consumer Demand
16
Aug
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By Mitchell G. Patton
Investments and Business

Walmart Beats Financial Forecast, Improves Full-Year Projections on Steady Consumer Demand

Walmart on Thursday raised its full-year guidance following a nearly 5% increase in quarterly revenue, fueled by increased activity at its brick-and-mortar stores and online platform, along with better-than-expected sales in non-food categories. The retail giant beat Wall Street forecasts in both revenue and profit, sending its stock price up 6% during morning trading. Walmart now expects full-year sales to rise 3.75% to 4.75%, with adjusted earnings per share between $2.35 and $2.43. The outlook change marks a change from previous projections, which called for sales growth of 3% to 4% and earnings per share between $2.23 and $2.37. Despite…
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Election officials face rising tide of misinformation
15
Aug
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By Mitchell G. Patton
Science and Technology

Election officials face rising tide of misinformation

GEORGIA — In an election year marked by unprecedented challenges, Tate Fall, the newly appointed director of elections in Cobb County, Georgia, is facing more than the usual duties of registering voters and maintaining equipment. Today, her role increasingly involves combating a relentless wave of misinformation that threatens the electoral process. As the 2024 election approaches, local election officials like Fall find themselves on the front lines of an uphill battle against misinformation. This phenomenon isn’t just a distraction; it actively undermines public confidence in the democratic process, complicating the task of conducting free and fair elections. Cobb County Elections…
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Uber’s Ballot: Limiting Claims to Evade Liability?
15
Aug
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By Mitchell G. Patton
Science and Technology

Uber’s Ballot: Limiting Claims to Evade Liability?

Ride-hailing giant Uber is pushing a controversial Nevada referendum measure that could cap lawyers’ fees in lawsuits against companies. The move comes amid ongoing litigation against Uber over sexual assault incidents involving drivers. Critics see this as a thinly veiled attempt by Uber to make it financially unattractive for victims to seek legal recourse. The proposed measure would limit the financial incentive for lawyers to take on such cases, potentially hindering victims’ ability to hold companies accountable.
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