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Scott Bessent claims he received assurance in a personal call with company's chief executiveThe US retail giant Walmart will “eat some of the tariffs” in line with Donald Trump's demands, the president's treasury secretary Scott Bessent insisted on Sunday, claiming he received the assurance in a personal phone call with the company's chief executive, Doug McMillon.A spokesperson for Walmart said the company would not comment on conversations between its executives and administration officials. However, a source familiar with the conversation said the phone call between Bessent and McMillon was arranged many days prior to Trump's post – and that the company's position had not changed. Continue reading......

Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump's tariffs to its shoppers through higher prices......

Live Updates Live Coverage Updates appear automatically as they are published. Producer Prices Surprise 10:30 am by Gerelyn Terzo Despite Walmart's move to pass tariff costs onto consumers, a broader look at producer prices reveals a different trend. In April, these prices surprisingly fell by 0.5%, marking the sharpest decline in five years. This suggests […] The post Live S&P 500 (NYSEARCA: SPY): Markets Pull Back as Interest Rates Steal Focus appeared first on 24/7 Wall St.....