The Walton Family Holdings Trust, a majority shareholder (more than 10% owner) of American big-box retailer Walmart (WMT) sold common stock

A weak forecast weighed on Walmart shares. The founder's three richest children each lost over $6 billion in net worth on the news.

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Today’s Forbes Daily newsletter covers California bullet train at risk, Nissan stock surge, could DOGE checks lead to inflation, Clearview AI CEO resigns and more.

Harry Slatkin needs no introduction in retail. He and his wife, Laura, brought candles and the home fragrance category to life more than three decades ago after leaving jobs

Commanding a market cap of $772.8 billion, Walmart Inc. (WMT) is a global retail giant headquartered in Bentonville, Arkansas. Founded in 1962 by Sam Walton, the company operates a vast network of hypermarkets,

StoryFile has emerged from Chapter 11 bankruptcy after its assets were acquired by Key 7 Investment Company. The strategic investment and fresh leadership will enable the AI-powered conversational video platform to introduce new products and an updated brand identity in the coming months.

[Note: Tom Walton and Steuart Walton are two of the eight grandchildren of Walmart Inc. founder Sam Walton who were recently given voting rights over family holdings. Their father, Jim Walton, is the 12th-richest person in the world, with a net worth of US ...

The Walton family, owners of Walmart, have reclaimed their position as the wealthiest family in the world, with an incredible USD 432.4 billion fortune. Their wealth surpasses that of Elon Musk and even the combined riches of royal families from the Middle East.