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Walmart stock slips after PhonePe IPO stake-sale plan; investors brace for CEO handover and earnings

Walmart stock slips after PhonePe IPO stake-sale plan; investors brace for CEO handover and earnings

Walmart Inc shares slipped 1.3% to $117.83 in after-hours trading Thursday following an updated PhonePe IPO filing. The retailer, which owns roughly 72% of the Indian payments firm, plans to sell nearly 46 million shares, cutting its stake by about 12%. Tiger Global and Microsoft are also set to exit, according to the filing. PhonePe expects to go public by mid-2026 but won’t issue new shares, so it won’t raise fresh capital from this sale.
Amazon stock slides after Jassy warns tariffs are creeping into prices

Amazon stock slides after Jassy warns tariffs are creeping into prices

Amazon.com Inc shares slid $8.02, or 3.4%, to $231 in after-hours trading Tuesday. CEO Andy Jassy told CNBC at the World Economic Forum in Davos that “We’re starting to see some of the tariffs creep into some prices.” He added shoppers are “a little bit more hesitant” on pricier discretionary items, after earlier stockpiles ran out last fall.
Walmart’s CEO handover sparks sweeping exec shake-up — new bosses for U.S., International and Sam’s Club

Walmart’s CEO handover sparks sweeping exec shake-up — new bosses for U.S., International and Sam’s Club

Walmart plans a major leadership shuffle starting Feb. 1, with John Furner stepping in as CEO. David Guggina, currently heading e-commerce, will take over Walmart U.S., while Chris Nicholas, who runs Sam’s Club, moves to lead Walmart International. Latriece Watkins is set to become Sam’s Club CEO. Meanwhile, Seth Dallaire, the U.S. chief growth officer, will broaden his responsibilities to become Walmart Inc.’s chief growth officer, the company said on Friday. Walmart’s U.S. segment accounts for about two-thirds of its annual revenue. Shares were unchanged in Friday morning trading, Reuters reported.
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