Alcoa Inc (NYSE:AA) surprised Wall Street ahead of the open today by announcing results earlier than scheduled and that fell short of expectations. Alcoa Inc expected at $0.33 a share, missed analysts’ projections by $0.02 cents. Shares sank as much as 7% in pre-market activity, wiping out this year’s gain of 6.4% and then some. Investors had not expected…
Walmart to Slow Brick-and-Morter Store Openings to Focus on E-Commerce and Other areas
The retail sector is struggling and that is no more apparent in the number of store closures reported throughout the market. One company has been largely immune to these metric—Walmart Stores, Inc, obviously—but it looks like they are also feeling the pinch. Now, the company has not necessarily reported that any stores will be closing…
