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Higher Profit Margins than expected as offered fewer discounts. All that bodes well for walmart which is due to report a 4 rise in sales. Results from the Worlds Largest retailer should also a glimpse into demand for back to school items. Traders are hoping that despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail jd. Com Beat Analyst Forecasts for Second Quarter revenue, which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform, helped by lower thresholds and costs ....
let s get down to business and we start with the big picture. the global economy is expected to grow a paltry 3% over the next five years according to the head of the international monetary fund, kristalina geogieva. her comments were made ahead of the imf and world bank s spring meetings which kick off today in washington. our north america business correspondent samira hussain is there. high inflation continues to plague countries around the world. bankers are raising interest rates to try and slow down those price increases. as a result, however, we have some of the weakest growth projections by the international monetary fund since the 1990s. with the world s finance ministers and central bankers all meeting in washington this week, the increasingly fragile global economy will certainly be the focus, along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. now, the high inflation, however, is already having an impact on ....
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