Walmart Inc. plans to cut around 1,500 jobs, the Wall Street Journal reported on Wednesday, as the big-box chain tries to manage costs and accelerate decision-making amid broader efforts by retailers and consumers to navigate inflation and tariffs.

AMD is seen as an also-ran in the market for AI chips. But a BofA analyst thinks the company can still capture meaningful opportunity there.

The stock market’s selloff picked up steam on Wednesday, sending the Dow Jones Industrial Average to its steepest daily decline in a month.

The data-warehousing company hit a revenue milestone and issued an upbeat outlook.