Walmart CFO warns affordability crisis is getting worse

The gap between those who can and those who cannot afford everyday essentials is widening, according to Walmart (WMT). "The disparity between the low-income cohort and the upper-income cohort has grown a little bit in recent months," Walmart CFO John David Rainey said on Yahoo Finance's Market Catalysts. "If you look at October wage growth … [the difference] was as large as it's been in almost a decade," he said. Walmart stock jumped over 6% in Thursday trading after the company posted better-than-expec ...