Walmart sticks to annual forecasts, aims to keep prices low amid Trump tariff woes

News Snapshot:

Open this photo in gallery: A Walmart store in Chicago, Ill., on Nov. 20, 2018.Kamil Krzaczynski/Reuters Walmart WMT-N stuck to its full-year sales and income growth forecasts on Wednesday and vowed to keep prices low, even as U.S. President Donald Trump’s sweeping tariffs fuel fears of a global recession. The company’s shares, which have fallen nearly 9 per cent since the announcement of a raft of tariffs on April 2, rose about 5 per cent in early trading. Walmart, which is the biggest U.S. importer of containerized goods, is at the risk of taking a hit from Trump’s tariffs, mainly...