Walmart reported second-quarter earnings on August 21, 2025, showing a 4.6% comparable same-store sales growth, slightly below analyst expectations due to increased insurance claim and legal costs. The company also raised its sales guidance for the rest of the year, notably outpacing peers like Target, which is struggling with tariff impacts and reduced consumer spending.
In another major development, Meta Platforms has frozen hiring in its AI division amidst a corporate restructuring, following previous investments that included nine-figure bonuses for AI talent. This pause aims to bring organization to its strategy, which some analysts view as a necessary step given the erratic nature of the company’s funding in recent years.
Chipotle is testing drone delivery in the Dallas Metro area to enhance delivery efficiency. Additionally, the revival of SPAC (Special Purpose Acquisition Company) activity is emerging, with industry veterans like Chamath Palihapitiya re-entering the market. Lastly, Cracker Barrel faces criticism over its recent rebranding efforts, with concerns about alienating its loyal customer base.
