Actionable insights straight to your inbox


Walmart Suspends Talks With Potential Buyers of Its Asda Stake

The world's largest retailer has put its Asda stake sale on hold until the coronavirus crisis is over.

Source: Asda

LONDON (Reuters) – Walmart, the world’s largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus crisis is over, said a person familiar with the situation.

The U.S. group had said in February it was talks with possible buyers of a stake in Asda, which it failed to combine with UK rival Sainsbury’s last year.

However, Walmart has now paused the process so that Asda Chief Executive Roger Burnley and his leadership team can fully focus on responding to the current health emergency.

Reporting by James Davey, Editing by Franklin Paul.


Source: Reuters

The implications of the dollar potentially losing its status as the global reserve are numerous. Obviously, there may be currency risks, and decreased demand for U.S. Treasuries could lead to rising interest rates. I would also expect to see massive commodity price swings.
Many of us economy-watchers have been expecting recession, though with significant differences on odds and timing. Regardless, recent banking developments just made recession more likely and may have accelerated its onset.
Many people think of position size in terms of how many shares they own of a particular stock. But it’s much smarter to think of it in terms of what percentage of your total capital is in a particular stock.