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Walmart said on Thursday that holiday-quarter sales rose nearly 6% and its quarterly earnings and revenue surpassed Wall Street’s expectations as gains in e-commerce, advertising and its third-party marketplace boosted its business.For the full current fiscal year, Walmart said it expects net sales to increase by 3.5% to 4.5% and adjusted earnings per share to range from $2.75 to $2.85. That earnings outlook fell short of Wall Street’s expectations of $2.96 per share, according to LSEG. In an interview with CNBC, Chief Financial Officer John David Rainey said speedy deliveries from stores are helping Walmart attract more shoppers, particularly those with…

Federal Communications Commission Chair Brendan Carr said it’s “fake news” to suggest that the government pressured CBS to pull a Democratic lawmaker’s interview from Stephen Colbert’s “The Late Show” earlier this week.Carr addressed the latest flash point moment between broadcasters and the FCC in his Wednesday remarks during the commission’s February open meeting, saying there was “no censorship by the government here.”Speaking to Fox News’ Laura Ingraham on Wednesday evening, Carr doubled down, describing the incident as “Democrat on Democrat violence,” rather than evidence that the commission had pressured CBS not to air the interview.Instead, Carr said, CBS’s advice to…

DoorDash CEO Tony Xu says that his company’s grocery offering has a key advantage over Amazon: choice.Amazon is doubling down on grocery delivery, especially perishables like produce and ice cream. The retail and tech giant said last month that it’s expanding same- and next-day grocery delivery to more parts of the US this year, adding to the thousands of towns and cities it already serves — news that sent shares of Instacart and DoorDash tumbling at the time.DoorDash, though, has something that shoppers want and that Amazon isn’t replicating, Xu said on the company’s fourth-quarter earnings call on Wednesday.Unlike Amazon,…

The Treasury Department released interim guidance Wednesday on the corporate alternative minimum tax, further restricting the reach of the 15% tax on billion-dollar corporations imposed under the Biden administration’s Inflation Reduction Act of 2022.Processing Content”Democrats’ CAMT regime is a flawed, partisan experiment hatched in the minds of liberal academics who lacked practical experience,” said Treasury Secretary and acting Internal Revenue Service commissioner Scott Bessent in a statement. “In the real world, CAMT disrupted productive business activities and added undue costs, while failing to deliver on promised tax revenues. President Trump’s Treasury Department will continue to restore sanity to tax administration,…

The Financial Accounting Standards Board’s recent income tax disclosure standard is revealing that many prominent U.S. multinationals are paying far more corporate taxes in other countries than at home, according to a new analysis.Processing ContentThe research, released earlier this month by the Financial Accountability and Corporate Transparency Coalition, found that several well-known U.S.-based companies are paying substantially more in taxes overseas while reporting relatively little taxable income in the U.S., often after shifting their profits to tax havens such as Ireland, Singapore, Bermuda and the Netherlands to lower their taxes here. For example, according to the analysis, Boeing paid more…

Updated 2026-02-18T20:35:56.747Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Vizcaya, built by James Deering more than a century ago, might be Miami’s most valuable real estate. The 45,000-square-foot mansion has a total of 54 rooms, with the main house open to the public. Citadel CEO Ken Griffin began assembling a waterfront compound next to the historic mansion…

Food and Drug Administration Commissioner Marty Makary warned that the U.S. is falling behind China in early-stage drug development and called for reforms that could streamline the process for starting trials on new treatments. In an interview with CNBC on Wednesday, Makary specifically pointed to three bottlenecks that he said cause the U.S. to fall behind on those early drug trials. That includes hospital contracting as well as ethical reviews and approvals, both of which he called “clunky processes that take too long and are leaving us non-competitive with the countries that are moving a lot faster.” He also pointed to the…

A company can use AI to code faster than ever — but that won’t matter if the idea itself is lousy.That’s just one point from a scathing critique of the current state of AI in the workplace from veteran software engineer Dax Raad, whose blunt assessment is resonating with many workers online.Raad, the developer behind OpenAuth, said the bottleneck facing companies isn’t coding productivity — it’s a lack of good ideas, unmotivated employees, corporate bureaucracy, and “the dozen other realities of shipping something real.”Before AI, companies were reined in by development costs, he argued in a February 14 post on…

While most taxpayers tend to procrastinate on doing their taxes, they’re even more hesitant to trust artificial intelligence to do their taxes for them, according to a new survey.Processing ContentThe survey, released Wednesday by Invoice Home, a developer of invoice template software, polled 2,003 U.S. consumers about their taxes, and found 63% of them do not trust AI as opposed to a tax professional. There is less of a tendency to use AI for help with taxes this year. Nearly two in five (37%) of the American tax filers surveyed said they would consider trusting AI to file their taxes this…

Dareke Young #83 of the Seattle Seahawks celebrates with teammates during the third quarter of the NFC Championship game against the Los Angeles Rams at Lumen Field on Jan. 25, 2026 in Seattle, Washington. Jane Gershovich | Getty ImagesThe Seattle Seahawks are officially up for sale.The NFL team, which defeated the New England Patriots in Super Bowl 60 earlier this month, announced on Wednesday that it has begun a process through which it could sell the franchise. The process, led by investment bank Allen & Company and law firm Latham & Watkins, is expected to continue through the 2026 off-season.The…