Why walmart Is Trending Today?

Jeff Bezos steps down as Amazon CEO, Andy Jassy to take over; McMillon named new Amazon president.

Doug McMillon, the long-serving CEO of Walmart, has announced his retirement, effective next year. His departure comes as a surprise, as he is only 59 years old. The retail giant's board will now search for a successor to lead the company. During McMillon's tenure, Walmart's stock has significantly outperformed its rivals, increasing by 312%. His leadership strategies have been credited with keeping Walmart at the top of the retail industry. As McMillon steps down, investors are watching Walmart's stock performance closely.

Walmart and Amazon recall nationwide a specific deodorant product.

Over 67,000 cases of Power Stick deodorant, sold at Walmart, Dollar Tree, and Amazon, are recalled due to manufacturing defects.