Walmart has begun to lay off corporate employees about a week after it slashed its profit outlook and warned that consumers had pulled back on discretionary spending due to inflation.
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Is the bear market over? This is the question that everyone wants to know. After a near-historic decline over the first half of the year, the stock market has been on a roll over the past month, with the S&P 500 rising nearly 9%, while the Nasdaq is up 14%. JPMorgan's chief global markets strategist Marko Kolanovic has an upbeat message for those concerned about the sustainability of the rally.
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