Walmart

Fox Business Briefs 5/22

BJ’s Wholesale Club results strengthen; Walmart to cut 1,500 corporate jobs. Canadian banks brace for trade uncertainty; Strava clinches valuation of $2 billion+; EasyJet sees strong demand.

Walmart to cut about 1,500 corporate jobs

Walmart, the nation's largest private employer, is cutting about 1,500 jobs as it tries to cut overhead costs and streamline operations as economic pressures weigh.

Family-owned Milo's Tea expands US operations

Larger corporations as well as small businesses are ramping up domestic manufacturing. One company, founded in Alabama and backed by Walmart, is opening up its fourth facility.