Here are the most important news items that investors need to start their trading day:
1. Stock futures are flat
Traders on the floor of the NYSE, August 1, 2022.
2. Walmart lays off corporate employees
A shopping cart outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17.
Bing Guan | Bloomberg | Getty Images
Walmart, the largest private employer in the U.S., has started to lay off corporate workers. The decision, which the company confirmed Wednesday, came public a little more than one week after the Arkansas-based retail giant cut its full-year profit outlook and warned about inflation’s impact on discretionary spending. “Shoppers are changing. Customers are changing,” Walmart spokesperson Anne Hatfield told CNBC’s Melissa Repko on Wednesday. “We are doing some restructuring to make sure…