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Walmart sales rise 5.6% as online reaches record 23% share
Walmart CEO Doug McMillan joins ‘Mornings with Maria’ to discuss his retirement, inflation pressures, tariffs, AI-driven growth and the future of America’s largest retailer.
Walmart posted solid fourth-quarter results Thursday as shoppers continued prioritizing value and convenience, helping push online sales to a record share of the retailer’s business.
The company reported fiscal fourth-quarter revenue of $190.7 billion, up 5.6% from a year earlier. U.S. comparable sales rose 4.6%, driven by a 2.6% increase in transactions and a 2% increase in the average amount shoppers spent per visit.
Grocery prices were up just 0.6% from a year earlier, with some categories – including eggs and dairy – seeing price declines.
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The company reported fiscal fourth-quarter revenue of $190.7 billion. (Gabby Jones/Getty Images)
Global e-commerce sales climbed 24% in the quarter, including a 27% increase in the U.S., where online now accounts for 23% of total sales — the highest level in company history.
Growth was fueled in part by roughly 50% growth in store-fulfilled delivery, as Walmart expanded faster-delivery options that now reach the vast majority of U.S. households within hours.

Walmart’s profits grew faster than overall sales in the quarter. (Joe Raedle/Getty Images)
The retailer said it continued to gain market share across income tiers, including higher-income households – a sign that its pricing and convenience strategy is resonating beyond budget-conscious shoppers.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 126.62 | -2.23 | -1.73% |
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Profits grew faster than overall sales in the quarter. Adjusted operating income rose about 10%, compared with roughly 5% sales growth. The gains were driven by higher-margin businesses, including advertising and membership programs. Advertising revenue climbed 37% globally, including 41% growth for Walmart Connect in the U.S., while membership fee income increased more than 15%. Together, advertising and membership fees accounted for nearly one-third of operating income in the quarter.

Walmart expects sales to rise 3.5% to 4.5% in the full current fiscal year. (Brian Kaiser/Bloomberg via Getty Images)
Inventory growth remained below the pace of sales growth, reflecting continued supply chain discipline.
Looking ahead, Walmart expects sales to rise 3.5% to 4.5% in the full current fiscal year, with operating profit projected to increase 6% to 8%.
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The results suggest U.S. consumers remain resilient, even as they stay value-focused, while Walmart’s investments in digital services, faster delivery and higher-margin revenue streams continue to strengthen its competitive position.
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Bernie Sanders and Robert Reich attack billionaire class for greed ‘addiction’
Rep. Kevin Kiley, R-Calif., discusses Bernie Sanders’ push for a state billionaire tax, explaining how it drives wealth out of California and more on ‘The Bottom Line.’
Sen. Bernie Sanders and former Labor Secretary Robert Reich are escalating their attacks on America’s wealthiest individuals, accusing the “billionaire class” of suffering from an “addiction” to greed as they push aggressive new tax hikes in solidly Democratic states like California and New York.
“Governors Hochul and Newsom: Don’t worry about raising taxes on the rich. True, a few rich people may abandon New York or California if taxes on them are raised, but evidence suggests the vast majority will stay put,” Reich wrote in a Substack post on Wednesday.
“Never before in American history have we seen the kind of greed and arrogance and moral turpitude on the part of the ruling class that we see today,” Sanders said Wednesday evening on a Los Angeles stage, where the senator was speaking in support of California’s proposed wealth tax.
“These people suffer from an addiction problem,” Sanders continued. “Do you know what the most significant addiction crisis in America is today? It is the greed of the billionaire class. For these people, enough is never enough. They are dedicated to accumulating more and more wealth.”
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Both California and New York are embroiled in their own tax debates: a proposal backed by the Service Employees International Union–United Healthcare Workers West would impose a one-time 5% tax on the net worth of California residents worth more than $1 billion. Meanwhile, New York City Mayor Zohran Mamdani issued an ultimatum for the state to tax the ultra-wealthy or face a “last resort” 9.5% property tax hike to plug a $5.4 billion deficit.

Sen. Bernie Sanders and former Labor Secretary Robert Reich have been outspoken in their support of proposed wealth taxes. (Getty Images)
The threat of higher taxes has resulted in numerous high-net-worth public figures fleeing — sometimes with their businesses — to lower-tax states like Florida and Texas, Fox News Digital has previously reported.
California Gov. Gavin Newsom has publicly opposed the tax proposition, while New York Gov. Kathy Hochul remains reluctant. Reich claimed the “kindest” reasoning behind their opposition is due to fears of wealthy taxpayers leaving — but the “unkind” reason “is that they’re in the pockets of said rich.”
“When billionaire New York mayor Mike Bloomberg faced a budget deficit in his first term, he raised property taxes by 18.5 percent. Rich New Yorkers threatened to leave. Most did not,” Reich wrote. “When Massachusetts passed its ‘millionaire’s tax’ in 2022, rich residents of the Bay State threatened to leave. They didn’t. Instead, the state has collected $5.7 billion in additional revenue, while the number of millionaires in the state has grown, according to a study by People’s Policy Project.”
O’Leary Ventures Chairman Kevin O’Leary joins ‘Varney & Co.’ to weigh in on California’s proposed billionaire tax, the growing wealth exodus from blue states and why America is falling behind China in the AI power race.
“Why are the rich staying put, even though their taxes are being raised? Because they’re rich! They can afford to stay put… New York’s and California’s super-rich are richer than they’ve ever been; the wealth they’ve amassed is larger than any group of Americans has ever possessed; they don’t know what to do with all their money. The taxes they would pay under the proposals put forward are infinitesimally small, almost rounding errors, compared to their fortunes,” the former labor secretary added.
Sanders framed California’s tax landscape as more of a moral battle.
“The CEOs of large profitable corporations now make 350 times more than the average worker… Last year alone… the 938 billionaires in America became $1.5 trillion richer. I heard that there was a march here in California somewhere worrying about the plight of the billionaires. Well, I don’t think our hearts are going to go out too far,” Sanders said.
“The richest people in this country are doing unbelievably well. While the working class in America is going nowhere in a hurry,” he continued. “The whole concept of the tax on billionaires is more than economics, and it is more than tax policy… They see themselves as something separate and apart, like the oligarchs.”
The Corcoran Group agent Julian Johnston exclusively speaks to Fox News Digital about the new wave of California billionaires migrating to South Florida due to a proposed wealth tax.
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Reich ultimately asks: Is California really that much worse off without Zuckerberg, Thiel, Page and others?
“Maybe raising taxes on the super-rich not only provides critically-needed tax revenue but also acts as a kind of disinfectant, purging a city or state of a few of its most noxious and socially-irresponsible inhabitants,” Reich wrote. “Another reason to do so!”
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U.K. Inflation Slows to 3.0% in January, Boosting Rate Cut Hopes
The U.K’s rate of inflation slowed in January, furthering the chances of a rate cut by the Bank of England when policymakers next meet in March.
Consumer prices rose 3.0% in January on year, compared with a 3.4% uptick in December, the Office for National Statistics said Wednesday.
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(VIDEO) Samsung’s Galaxy S26 Series to Empower Users as Content Creators with Advanced Galaxy AI Tools
Samsung Electronics is set to unveil its next flagship smartphone lineup, the Galaxy S26 series, at Galaxy Unpacked on February 25, 2026, in San Francisco. The company has ramped up teasers emphasizing how Galaxy AI enhancements will transform ordinary smartphone users into effortless content creators through a unified, intuitive camera and editing experience.

Samsung’s recent promotions highlight a “new Galaxy camera experience” that integrates photo and video capturing, editing and sharing into one seamless platform. This eliminates the need to switch between multiple apps or navigate complex software, making advanced creative tasks accessible to non-professionals.
Key teased features include:
- Turning photos from day to night in seconds.
- Restoring missing parts of objects in images with realistic fills.
- Capturing detailed low-light photos and videos.
- Merging multiple photos into a single, cohesive composition.
- Generating personalized digital sticker packs from everyday photos, complete with varied poses and expressions for the same subject.
- Transforming sketches or simple drawings into detailed image elements.
- Prompt-based editing via text instructions, such as adding, removing or modifying objects.
These tools build on existing Galaxy AI capabilities like Generative Edit and Edit Suggestions but promise deeper integration and faster, on-device processing. Samsung credits its Edge Fusion technology—optimized through a partnership with Nota AI—for enabling rapid, privacy-focused generative AI directly on the device, reducing reliance on cloud servers and cutting generation times to seconds.
A series of short teaser videos released in mid-February demonstrate these functions in action. One clip shows a partially eaten cupcake restored to perfection; another converts a pet photo into a lively sticker set ready for messaging apps. Additional demos illustrate low-light video improvements and prompt-driven edits, where users describe changes in natural language for the AI to execute.
Samsung describes the updates as making creativity “faster, simpler and more natural.” The company positions the Galaxy S26 lineup as the “brightest Galaxy camera system ever,” combining hardware advancements—potentially including improved apertures and sensors—with software smarts to elevate mobile photography beyond basic capture.
The focus on content creation aligns with broader industry trends, where smartphones increasingly serve as all-in-one tools for social media, personal branding and casual filmmaking. By democratizing professional-level edits, Samsung aims to appeal to everyday users who want polished results without dedicated editing suites or skills.
The Galaxy S26 series is expected to include the standard Galaxy S26, Galaxy S26+ and the premium Galaxy S26 Ultra. While full specifications remain under wraps until Unpacked, rumors suggest refinements in design, performance and battery life alongside the AI-heavy camera push. Pre-order incentives include double storage upgrades for select variants and credits toward accessories.
The February 25 event, starting at 10 a.m. PT, will stream live on Samsung.com, the Samsung Newsroom and YouTube. Reservations are open, with perks like a $30 credit and sweepstakes entries for participants.
As AI becomes central to smartphone experiences, Samsung continues to expand Galaxy AI’s role across its ecosystem. The S26 teasers underscore a shift toward “personal and adaptive” intelligence that anticipates user needs and simplifies complex tasks.
Industry observers anticipate the event will further differentiate Samsung from competitors by emphasizing on-device AI for speed and privacy. With the launch just days away, excitement builds around how these tools could redefine mobile content creation for millions.
Samsung’s push positions the Galaxy S26 not just as a phone upgrade but as a creative companion empowering users to produce shareable, high-quality content instantly.
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EEOC sues Coca-Cola distributor for allegedly excluding male workers from event
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The U.S. Equal Employment Opportunity Commission (EEOC) filed a lawsuit against Coca-Cola Beverages Northeast, Inc., a producer, seller and distributor of Coca-Cola products, alleging sex discrimination. The EEOC claims that the Coca-Cola distributor excluded male employees from an employer-sponsored event.
The lawsuit was launched by the EEOC’s Boston Area Office, the commission noted. The EEOC is responsible for investigating and litigating possible instances of employment discrimination.
The commission alleged in an announcement of the lawsuit that in September 2024, Coca-Cola Northeast held a two-day employer-sponsored trip and networking event at Connecticut’s Mohegan Sun Casino and Resort.

Bottles of Coca-Cola are displayed on a store shelf on Feb. 10, 2026, in Greenbrae, Calif. (Justin Sullivan/Getty Images / Getty Images)
The distributor allegedly “privately invited female employees and then excused the female employees who attended the event from their normal work duties on Sept. 10 and 11, 2024, and paid them their normal salary or wages without requiring them to use vacation or other paid time off,” the EEOC said. The commission accused Coca-Cola Northeast of failing to invite male employees to the event.
“Excluding men from an employer-sponsored event is a Title VII violation that the EEOC will act to remedy through litigation when necessary,” Catherine L. Eschbach, acting EEOC general counsel, said in a statement. “The EEOC remains committed to ensuring that all employees – men and women alike – enjoy equal access to all aspects of their employment, including participation in employer-sponsored events, regardless of their sex, race or other protected category.”

Cases of Coca-Cola soda are displayed at a Costco Wholesale store on April 27, 2025, in San Diego, California. (Kevin Carter/Getty Images / Getty Images)
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Peter Bennett, an attorney representing Coca-Cola Beverages Northeast told FOX Business that the event did not constitute sex discrimination and that he was confident a jury would agree.
“The U.S. Equal Employment Opportunity Commission filed a lawsuit against Coca-Cola Beverages Northeast, Inc. challenging our Company’s right to hold a one-day event in September 2024,” Bennett said. “This event fully complied with existing EEOC regulation and its public commentary approving of such events. Coca-Cola Beverages Northeast finds it disappointing that the EEOC did not conduct a full investigation, and we look forward to having our day in open court where the full story told to a jury will vindicate us.”
“We remain confident in our values and in our continued focus on fairness, respect, and opportunity for everyone. We remain committed to upholding our responsibilities to our employees, customers, and the communities in which we live and work,” Bennett added.

Signage outside the Coca-Cola bottling plant in Albany, New York, on Tuesday, Jan. 30, 2024. (Angus Mordant/Bloomberg via Getty Images / Getty Images)
The EEOC’s lawsuit is the first related to workplace diversity that the commission has launched during Trump’s second term in office, Axios noted. The EEOC painted the lawsuit as part of the Trump administration’s broader effort to block diversity, equity and inclusion (DEI) initiatives that it views as discriminatory.
On the “What You Should Know About DEI-Related Discrimination at Work” page of the EEOC website, the commission notes that DEI initiatives can be “unlawful” if an action is motivated in whole or in part by an employee or applicant’s race, sex or another protected characteristic.
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Coca-Cola told FOX Business that Coca-Cola Beverages Northeast, Inc., is independently owned and operated, and referred to the distributor in response to a request for comment.
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(VIDEO) Chicago Bears Closer to Northwest Indiana Move as Indiana Committee Approves Stadium Funding Bill
The Chicago Bears moved one significant step closer to potentially relocating across state lines after an Indiana House committee unanimously approved legislation Thursday that establishes the framework for financing and building a new stadium in Northwest Indiana.

The Indiana House Ways and Means Committee voted 24-0 to advance an amended version of Senate Bill 27, which creates the Northwest Indiana Stadium Authority. This body would have the power to issue bonds, acquire land, finance construction and oversee a lease agreement with the team. The bill, which previously passed the Indiana Senate in late January, now heads to the full House for consideration before the legislative session ends Feb. 27.
The proposed site centers on an area near Wolf Lake in Hammond, Indiana, in Lake County. House Speaker Todd Huston (R-Fishers), who sponsored the bill in the House, announced during the committee meeting that the Bears have committed to investing $2 billion toward the project. Huston described the development as a “shared commitment” between the team and state leaders, calling it a “transformational investment” for northwest Indiana and the state.
In a statement released Thursday, the Bears called the committee’s action “the most meaningful step forward in our stadium planning efforts to date.” The team expressed readiness to complete site-specific due diligence and affirmed its vision for a “world-class stadium near the Wolf Lake area in Hammond, Indiana.” The Bears thanked Indiana Gov. Mike Braun, Speaker Huston, Sen. Ryan Mishler and other lawmakers for establishing a “critical framework and path forward” to deliver a premier venue serving Chicagoland fans and visitors.
The momentum comes amid stalled progress in Illinois, where the Bears have played at Soldier Field since 1971. An Illinois House committee meeting scheduled Thursday to discuss stadium funding was canceled, heightening speculation about an out-of-state move. Reports indicate Bears leadership paused Illinois negotiations earlier in the week to allow for bill adjustments.
Senate Bill 27 sets parameters for a potential deal, including bond issuance, a long-term lease and creation of a Northwest Indiana Stadium Development District and Professional Sports Development Area in Hammond. While it outlines authority powers, key financial specifics—such as exact public contributions, tax mechanisms or total project costs—remain subject to final negotiations and due diligence.
The Bears have long sought a modern facility to replace aging Soldier Field. Previous efforts focused on Arlington Heights, Illinois, but those plans faced hurdles. Indiana’s aggressive push, backed by bipartisan legislative support, positions Hammond as a viable alternative just across the state line, offering proximity to Chicago while providing new economic development opportunities.
Local leaders in northwest Indiana have welcomed the proposal, viewing it as an economic boon through jobs, tourism and infrastructure upgrades. Critics in Illinois argue losing the Bears would hurt Chicago’s sports identity and tax revenue, while some in Indiana question public funding for professional sports venues.
NFL insider Conor Orr, citing sources, described the Indiana move as feeling like an “inevitability” barring major changes from Illinois. The Bears’ statement stopped short of exclusivity but placed clear pressure on Springfield to advance competing legislation.
If the full House approves SB 27, the stadium authority could begin formal talks, land acquisition and environmental reviews. No timeline for groundbreaking or completion has been set, but passage would mark a pivotal advancement in years of stadium uncertainty for the franchise.
The Bears, owned by the McCaskey family, have emphasized a facility that enhances fan experience, community integration and global appeal. A move to Indiana would mark the first NFL team relocation since the Rams and Chargers shifted in recent years, though cross-state shifts remain rare.
As the Indiana House prepares to vote, attention turns to whether lawmakers can finalize the bill before session’s end. The Bears continue exploring options but have signaled strong interest in the Hammond vision.
For Chicago fans, the prospect of road trips to Indiana raises mixed emotions—loyalty to the city versus excitement for a state-of-the-art home. For northwest Indiana residents, it promises revitalization in a region long seeking major investment.
The coming days will determine if the Bears stay in Illinois or cross into Indiana for a new chapter.
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