Walmart Warns That Rising Gasoline Prices Are Suppressing US Consumer Demand

(MENAFN- Investor Brand Network) Walmart has sounded a warning that elevated and rising gasoline prices are putting pressure on consumers, and, as a result, U.S. shoppers are expected to reduce their spending on consumer goods. Household budgets are feeling the pinch of higher fuel prices, and shoppers could be forced to cut their spending on other items in order to cope with elevated fuel prices, Walmart says.

For companies like Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) with extensive holdings in the retail sector, the disruptions due to the Iran war are something to watch as they could impact the...

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