Global Trends and Politics
Walmart (WMT) Q4 2025 Earnings
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Walmart’s Earnings Report: A Barometer of Consumer Health
Walmart will report its latest quarterly earnings before the bell on Thursday, with investors seeking to determine if softer retail sales in January were a temporary blip or a sign of a larger trend. As the top grocer in the U.S., Walmart is often viewed as a barometer of consumer health.
Retail sales for January came in weaker than expected, with a 0.9% decline, below the Dow Jones estimate of a 0.2% decline. This has set off alarm bells for some investors, but retail chains, including Restaurant Brands’ Burger King and Popeyes, have blamed short-term factors for the drop.
Holiday data, on the other hand, showed strong sales growth, with retail sales rising 3.8% year over year to total $964.4 billion in November and December. This reflects a return to more typical pre-pandemic gains, with average sales growth during the holiday season being 3.6% from 2010 to 2019.
Walmart’s online sales have been climbing, with 10 straight quarters of double-digit gains. The company’s advertising business and third-party marketplace have also been driving higher margins. Additionally, Walmart has attracted more customers with higher incomes, with CEO Doug McMillon noting that households earning more than $100,000 drove 75% of market share gains in the third quarter.
Some investors have raised their expectations for Walmart, with Simeon Gutman, a retail analyst for Morgan Stanley, increasing the company’s price target to $153, citing the retailer’s newer and more profitable business segments, including its advertising business and subscription-based membership program Walmart+.
As of Wednesday’s close, shares of Walmart are up about 83% over the past year, outpacing the approximately 4% gains of the S&P 500 during the same period.
What to Expect from Walmart’s Earnings Report
- Earnings per share: 64 cents
- Revenue: $180.01 billion
Conclusion
Walmart’s earnings report will provide valuable insights into the state of consumer health and the impact of federal policy decisions, such as tariffs, on the retail industry. While some investors are concerned about the softer retail sales in January, others believe that short-term factors are at play. With Walmart’s strong online sales and growing advertising business, the company’s future outlook remains promising.
FAQs
Q: What is the expected revenue for Walmart’s fiscal fourth quarter?
A: $180.01 billion
Q: What is the expected earnings per share for Walmart’s fiscal fourth quarter?
A: 64 cents
Q: Why did retail sales decline in January?
A: Retail sales declined 0.9%, below the Dow Jones estimate of a 0.2% decline, due to short-term factors such as winter storms and consumers taking a break after the holidays.
Global Trends and Politics
The Rise of the ‘Alt-Rock’ Union: How Alternative Labor Unions are Challenging Traditional Unions and Bringing New Energy to the Movement
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Workplace Unionization Trends
In recent years, there has been a significant shift in the way workers are organizing and unionizing in the United States. Traditional labor unions, which have been the dominant force in the labor movement for decades, are facing increasing competition from alternative labor unions. These alternative unions, often referred to as “alt-rock” unions, are redefining the way work is organized and challenging the traditional union model.
The Rise of Alternative Labor Unions
The current wave of alternative labor unionism is not a new phenomenon. In the 1960s and 1970s, organizations such as the United Farm Workers and the United Mine Workers of America emerged as alternatives to traditional unions. However, the current movement is different in scale, scope, and approach.
The rise of alternative labor unions can be attributed to several factors. One major driver is the growing dissatisfaction among workers with the traditional union model. Many workers feel that traditional unions are too bureaucratic, slow to adapt to changing circumstances, and focused on protecting the interests of their own leadership rather than those of their members.
Another factor is the increasing fragmentation of the workforce. With the rise of the gig economy and the decline of traditional employment, workers are no longer tied to a single employer or industry. This has led to a proliferation of small, independent unions that are better equipped to serve the needs of workers in non-traditional industries.
Finally, the rise of social media and digital communication has made it easier for workers to organize and communicate with each other. Alternative unions are leveraging these technologies to mobilize and engage their members, often in ways that are more nimble and responsive than traditional unions.
Examples of Alternative Labor Unions
There are many examples of alternative labor unions that are challenging traditional unions and bringing new energy to the movement. One prominent example is the Service Employees International Union (SEIU) Local 2, which represents workers in the hospitality industry. SEIU Local 2 has been able to mobilize workers in a way that traditional unions have not, using social media and direct action to build support for their demands.
Another example is the National Domestic Workers Alliance (NDWA), which represents low-wage workers in the domestic workers industry. NDWA has been able to build a powerful movement by leveraging the power of social media and grass-roots organizing.
The Challenges and Opportunities
While alternative labor unions are bringing new energy and innovation to the labor movement, they also face significant challenges. One major challenge is the lack of resources and support from traditional labor organizations. Many traditional unions are seen as being slow to adapt to the changing landscape and are often resistant to the new forms of unionization.
Another challenge is the lack of clear guidance and support from government agencies and regulatory bodies. As the labor landscape continues to evolve, it is essential that these agencies provide clear guidance and support to help alternative unions navigate the complex regulatory environment.
Despite these challenges, alternative labor unions are bringing new opportunities for workers to organize and advocate for their rights. By leveraging social media and direct action, they are able to mobilize workers in a way that traditional unions have not. This can lead to more effective and responsive unionization, which can ultimately benefit workers and the broader community.
Conclusion
The rise of alternative labor unions is a significant development in the labor movement. While they face challenges, they also bring new energy and innovation to the table. As the labor landscape continues to evolve, it is essential that workers, policymakers, and traditional unions alike recognize the importance of alternative labor unions and work to support their growth and success.
Frequently Asked Questions
Q: What is an alternative labor union?
A: An alternative labor union is a union that operates outside of the traditional union structure and is often characterized by its use of social media and direct action to mobilize and engage its members.
Q: Why are alternative labor unions rising in popularity?
A: Alternative labor unions are rising in popularity because they are able to adapt quickly to changing circumstances and are more responsive to the needs of their members.
Q: What are some examples of alternative labor unions?
A: Some examples of alternative labor unions include the Service Employees International Union (SEIU) Local 2, the National Domestic Workers Alliance (NDWA), and the Food and Commercial Workers International Union (FCWIU).
Q: What are the challenges facing alternative labor unions?
A: Alternative labor unions face challenges such as a lack of resources and support from traditional labor organizations, as well as a lack of clear guidance and support from government agencies and regulatory bodies.
Q: What are the opportunities presented by alternative labor unions?
A: Alternative labor unions present opportunities for workers to organize and advocate for their rights in a more effective and responsive way, leading to better working conditions and higher wages.
Global Trends and Politics
Rivian Earnings Q4 2024
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Rivian Beats Wall Street’s Expectations, Achieves First Gross Quarterly Profit, but Forecasts Lower Sales in 2025
Rivian Automotive, the electric vehicle maker, reported a gross profit of $170 million in the final quarter of last year, surpassing Wall Street’s expectations. The company also achieved its first-ever quarterly profit, a milestone closely watched by investors.
However, Rivian forecasted lower sales in 2025, with deliveries expected to range from 46,000 to 51,000 units, down from 51,579 vehicles delivered in 2024. The company also narrowed its adjusted losses for 2025 to a range of $1.7 billion to $1.9 billion, down from a loss of $2.69 billion in 2024.
Rivian’s CEO, RJ Scaringe, attributed the uncertainty in the automotive industry, citing potential changes to federal incentives for EVs and tariff policies that could impact the company.
Fourth-Quarter Results
Rivian reported a net loss of $743 million, or 70 cents per share, for the fourth quarter, compared to a loss of $1.52 billion, or $1.58 per share, during the same period a year earlier. Revenue was $1.73 billion, exceeding the expected $1.4 billion.
Full-Year Results
For the full year, Rivian lost $4.75 billion, or $4.69 per share. Revenue was $4.97 billion, up roughly 12% from $4.43 billion in 2023.
Guidance for 2025
Rivian forecasts a modest gross profit in 2025, and its Chief Financial Officer, Claire McDonough, attributed the company’s guidance to "hundreds of millions" in expected hits to its EBITDA due to reduced sales resulting from the potential removal of tax credits.
R2 and Capital Expenditures
Rivian plans to idle its sole auto plant in Normal, Illinois, during the second half of the year to retool for the launch of its new "R2" midsize vehicles in 2026. The company expects capital expenditures this year to range from $1.6 billion to $1.7 billion, up from $1.41 billion last year.
Rivian’s Future
Rivian is focusing on growing its software business, including a new joint venture with German automaker Volkswagen. The company is also breaking out its "Automotive" and "Software and Services" units to provide additional transparency for investors.
FAQs
Q: What was Rivian’s gross profit in the fourth quarter?
A: $170 million
Q: What was Rivian’s revenue in the fourth quarter?
A: $1.73 billion
Q: What is Rivian’s forecast for deliveries in 2025?
A: 46,000 to 51,000 units
Q: What is Rivian’s forecast for adjusted losses in 2025?
A: $1.7 billion to $1.9 billion
Global Trends and Politics
Trump blasts Boeing Air Force One delays, but airlines grow upbeat
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Boeing 737s on the Ground in Renton, Washington.
President Donald Trump has expressed frustration over the long wait for two Boeing 747s that will serve as the new Air Force One planes. The jets are years behind schedule, with cost overruns totaling over $2 billion to date.
Trump negotiated the $4 billion contract for the aircraft during his first term, but it is unclear whether they will be ready during his current term. To address the delay, Trump advisor Elon Musk is working with Boeing to deliver the aircraft faster, according to Boeing’s CEO, Kelly Ortberg.
"The president’s clearly not happy with the delivery timing. I think he’s made that well known," Ortberg said at a Barclays industrials conference. "Elon Musk is actually helping us a lot in working through the requirements… to help us get the things that are non-value-added constraints out of the way so that we can move faster and get the president those airplanes delivered."
Ortberg described Musk, the CEO of SpaceX, as a "brilliant guy" who can "pretty quickly ascertain the difference between technical requirement and things that we can move out of the way."
Frustration and Alternatives
Trump expressed his frustration with the delay during a visit to a 747 parked at Florida’s Palm Beach International Airport over the weekend. "We may buy a plane or get a plane, or something," he said, according to Reuters.
The White House did not immediately respond to a request for comment.
Boeing’s Challenges
Boeing’s airline customers have faced long delays for aircraft, including the near-catastrophic door-plug blow out in January 2024, which further slowed down deliveries. However, some customers are growing more optimistic about the manufacturer’s performance under Ortberg’s leadership.
"Boeing is doing a pretty miraculous job of turning around and becoming more reliable as a supplier," United Airlines CFO Mike Leskinen said at the same Barclays conference. "Our confidence that our MAX aircraft are going to be delivered on schedule has never been greater at my tenure at United Airlines."
Conclusion
Boeing’s 737 Max, its bestseller, is expected to resume production, with the manufacturer aiming to ramp up production to 38 planes per month in the coming months. While the delay for the Air Force One planes is a significant concern, Boeing’s efforts to turn around its performance and deliver aircraft on schedule are promising.
FAQs
Q: Why is President Trump frustrated with the delay for the new Air Force One planes?
A: President Trump is frustrated with the long wait for the new Air Force One planes, which are years behind schedule and have cost overruns totaling over $2 billion.
Q: Who is working with Boeing to deliver the aircraft faster?
A: Elon Musk, CEO of SpaceX, is working with Boeing to help deliver the aircraft faster.
Q: What is the current production rate of the 737 Max?
A: Boeing is aiming to ramp up production of the 737 Max to 38 planes per month in the coming months.
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