ECONOMICS

Walmart shares hit a new all-time high after the largest bricks and mortar retailer reported earnings that beat expectations despite providing guidance that was marginally softer, as choosy shoppers nevertheless kept buying in its stores.

Here is what the company report for the final quarter of 2023:

• Adjusted EPS $1.80 vs. $1.71 y/y, beating estimate of $1.65
• Revenue $173.39 billion, +5.7% y/y, beating estimate $170.66 billion
  • Total US comparable sales ex-gas +3.9%, (more…)

By Eric Kulisch of FreightWaves

Air Canada expects the slow recovery in cargo volume that began in the fourth quarter to quicken in 2024, aided by the addition of two more freighter aircraft, but doesn’t anticipate gains in pricing power, Mark Galardo, executive vice president for network planning and revenue management, said Friday.

The cargo division within Air Canada (TSX: AC) currently operates five converted and two factory-built Boeing 767-300 freighters. It is scheduled (more…)

With both delinquency and charge off ratios at the two largest credit card companies (targeting everyday consumers, unlike the top 10% focused American Express) in the US surging in the past two years to the highest level since the covid crash, and prompting speculation among traders that the US consumer is set for a painful hit (just a few days ago Goldman trader Rich Privorotsky said that "I think we are going to keep ignoring any consumer concerns for now but some of these numbers from (more…)