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Walmart can absorb tariffs, fmr. U.S. CEO Simon questions price hikes newsthirst.

Walmart‘s business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer’s former U.S. CEO. Bill Simon, who ran Walmart U.S. from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs. “If you look down deep and dig into the details of their earnings release…

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Japan’s economy contracts by a more than expected 0.2% from prior three months newsthirst.

Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economy contracted 0.2% quarter-on-quarter in the quarter ended March, a sharper fall than expected, preliminary government data showed Friday. The GDP figure was a larger drop than the 0.1% contraction expected by economists polled by…

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UnitedHealth Group shares plunge on report of DOJ investigation newsthirst.

Bloomberg | Bloomberg | Getty Images Shares of UnitedHealth Group plunged more than 18% on Thursday following a report that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. The DOJ is focusing on the company’s Medicare Advantage business practices, but the exact nature of the potential…

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