XPost: sac.politics, alt.fan.rush-limbaugh, alt.atheism
XPost: alt.home.repair
Americans don't need jobs or health insurance.
If that's what they crave, they should enlist.
Subject: Re: More Trump Tariff Layoffs, In The News
From: Snort Report <
HabemusPapam@snort.com>
Newsgroups: alt.fan.rush-limbaugh
On 5/22/25 11:37 AM, Lee wrote:
Walmart announces 1,500 job cuts
after Trump tells US retail giant
to 'eat the tariffs'
21 May, 2025
US retail giant Walmart is planning
to cut around 1,500 corporate jobs
as part of a restructuring effort to
simplify its operations, adding to
the latest list of companies
announcing layoffs, reported news
agency Reuters. This is a part of
a restructure designed to shave
expenses and enable faster decision
making.
https://economictimes.indiatimes.com/news/international/global-
trends/walmart-announces-1500-job-cuts-after-trump-tells-us-retail-giant- to-eat-the-tariffs/articleshow/121335233.cms?from=mdr
The month of April kicked off with a miserable week on Wall Street but
limped into the green late Friday.
US stocks rose Friday after an afternoon rally. The Dow closed at 42,802,
up 0.52%. The broader S&P 500 gained 0.55% and the Nasdaq Composite was
0.7% higher.
Yet the three major indexes were all down on the week and the benchmark S&P
500 posted its worst week since September.
US stocks were volatile this week as back-and-forth tariff announcements
draped a “fog of uncertainty” over investors, consumers and businesses, according to Kevin Gordon, senior investment strategist at Charles Schwab.
The lack of clarity around the Trump administration’s trade policy drove
the rollercoaster week for markets, with stocks fluctuating between gains
and losses.
Investors are still “feeling vulnerable” due to the uncertainty around
tariffs, said Sam Stovall, chief investment strategist at CFRA Research.
“It’s not something you can project, like a price chart or like an earnings forecast — it is what the president wants to do,” he said.
While stocks rallied Friday afternoon on positive comments from Federal
Reserve Chair Jerome Powell, it wasn’t enough to erase the downturns over
the past week.
“Bull markets don’t die of old age. They die of fright,” said Stovall.
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