BLOOMBERG Costco Wholesale Corp slipped in late trading as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers. US comparable sales eked out only a 0.9% gain in March after excluding the impact of changes in gasoline prices, the company said in a statement. That’s the smallest advance since April 2020 ...

BLOOMBERG Walmart Inc asked a federal court to allow it to end its credit-card partnership with Capital One Financial Corp, saying the bank has failed to meet critical standards for customer care. Walmart and Capital One entered into a contract in 2018 that made the bank the sole issuer of the retailer’s private label and co-branded credit cards. “Unfortunately, Capital ...

BLOOMBERG Shares of Alibaba Group Holding Ltd’s units that may soon become public are expected to be in high demand as the breakup unleashes value in the wake of regulatory woes, investors said. China’s online commerce leader announced plans to split its $220 billion empire into six business units, a move seen potentially boosting Hong Kong’s IPO market. The shares ...