NEW YORK (Reuters) – More of Walmart’s future profitability is likely to come from its sales of ads on Walmart.com and from fees it collects from merchants using its online marketplace and delivery services, than from sales of merchandise at its 10,000 stores, its chief financial officer said on Tuesday. “Today, the vast majority of …

Walmart will derive more profit from services, ad sales in next 5 years -CFO Read More »

By Idrees Ali and Amina Ismail BAGHDAD/ERBIL, Iraq (Reuters) -U.S. Defense Secretary Lloyd Austin, making an unannounced trip to Iraq on Tuesday nearly 20 years after the U.S.-led invasion that toppled Saddam Hussein, said Washington was committed to keeping its military presence in the country. The 2003 invasion led to the deaths of tens of …

Pentagon chief, in unannounced visit to Iraq, pledges continued U.S. troop presence Read More »

By Sheila Dang and Krystal Hu (Reuters) -Twitter Chief Executive Elon Musk said on Tuesday that the company had “a shot” at being cash flow-positive next quarter, as the social media platform has been aggressively cutting costs. Musk, speaking at a Morgan Stanley investor conference that was webcast, said it was “startling” how poorly Twitter …

Musk says Twitter could be cash flow-positive next quarter Read More »

By Jarrett Renshaw (Reuters) -U.S. President Joe Biden will seek to raise the Medicare tax on high earners and push for more drug price negotiations to help keep the federal health insurance program solvent through at least 2050 as part of his budget proposal this week, the White House said. His idea quickly ran into …

Biden aims to shore up Medicare by taxing high-income Americans Read More »