COMPANY OF THE YEAR Why Walmart is Yahoo Finance's 2024 winner The year everything clicked: Why Walmart is our company of the year Inside Walmart's year and road ahead with CEO Doug McMillon and CFO John David Rainey. Yahoo Finance • 45 minutes ago WMT +0.39% AMZN -0.66% Fed meeting, PCE inflation: What to watch this week 'Delete CFPB': Big banks face big shakeup under Trump The Fed could be on the verge of ripping up its 2025 rate script Trump team plans sweeping rollback of Biden EV policies Honeywell considers separation of aerospace business Bitcoin buyer MicroStrategy jumps on Nasdaq 100 entry Laggard European markets may be 2025's top recovery trade Goldman: Fed likely to skip January rate cut JPMorgan consumer banking boss talks Trump, the Fed, and 2025 Latest SoftBank CEO to announce $100 billion investment in US during visit to Trump, CNBC reports New CEO Zafrir takes over at Check Point Software Futures tick higher as traders brace for Fed, data-packed week Lamborghini delays first EV launch to 2029 as market not ready, CEO says Japan's largest bank apologizes over theft of millions of dollars from safe deposit boxes Fed sees a glimmer that recent US productivity gains may last Blackstone Is Said to Emerge as Top Bidder for Haldiram Deal Exclusive-Procter & Gamble to disclose more details about wood-pulp audits, investors say Popular Bitcoin surges above $106,000 on strategic reserve hopes Super Micro Stock Tumbles. These 2 Things Are Sinking the Server Maker’s Shares. Wall Street's Final Unstoppable Stock Split of 2024 Has Arrived Possible Stock Splits in 2025: 2 Unstoppable Stocks Up 390% and 300% in 2 Years to Buy Now, According to Wall Street A Shocking Bitcoin Forecast for 2025 From the Wall Street Analyst Who Predicted Its Rise to $100,000 in 2024 Oppenheimer Predicts Up to ~580% Jump for These 2 ‘Strong Buy’ Stocks Palantir, MicroStrategy, Axon Join Nasdaq 100; Moderna, Super Micro Get The Axe Walmart CEO explains how big investments are now paying off Walmart has been named Yahoo Finance's 2024 Company of the Year. Its stock is up nearly 80% year to date, and sales are booming. Why? In an exclusive interview with Yahoo Finance Executive Editor Brian Sozzi, Walmart CEO Doug McMillon explains how pre-pandemic investments are starting to pay off. "We invested in wages for our associates. We invested in our people, things like education. We invested in lower prices, we invested in e-commerce, we invested in technology, all within a pretty tight period of time," he said. One thing that's helping to boost the bottom line is the type of customer Walmart (WMT) is drawing in. The company says it is increasingly attracting more higher-income consumers. McMillon thinks that convenience has been drawing a different customer base. He also discusses inflation, noting that the prices for general merchandise are falling faster than food items. A top-of-mind topic for many CEOs right now is the threat of a trade war, with President-elect Trump threatening to enact more tariffs. McMillon thinks Walmart is "positioned to manage" tariffs but worries that customers may see higher prices, even though the retail giant plans to "do everything we can to try and keep them low." There's one technology McMillon is excited about — generative AI. "It's going to help us be more anticipatory for customers and members ... The world will look more like personal shopping assistance than it will an old-fashioned search bar with a laundry list of results that you and I then have to work through as a customer. Just saving us time, making it more convenient, helping us solve problems," McMillon said of the tech. Watch the video above to hear what McMillon expects for Walmart over the next 10 years. For more expert insight and the latest market action, click here. This post was written by Stephanie Mikulich. 22:01 Elon Musk will be a great cutter of government fat: Wilbur Ross 06:06 Jensen Huang is what sets Nvidia apart: 'The Nvidia Way' author 05:02 Retirees must take this action by year-end or risk IRS penalty 24:32 Why Frank McCourt still wants to buy TikTok Investment Ideas Build Your Wealth View More More News