Walmart misses sales estimates as Alibaba profit drops 75% and Bitcoin climbs above $70,000
Walmart posted 2.6% U.S. comparable sales growth, missing the 3.8% Wall Street forecast. Alibaba’s net profit fell about 75% as it ramped up AI investment, with capital expenditure up roughly 75%. Coinbase rose as Bitcoin moved back above $70,000. Oil extended gains for a fifth straight session on Iran-related geopolitical uncertainty, while Deere lifted its profit outlook after construction and forestry sales grew around 18%.