Walmart CEO Predicts Soft Sales as Amazon Readies Prime Video Ads

At the start of the month, the CEO of Walmart explained challenges in predicting the post-holiday sales outlook for 2024. Meanwhile, Amazon is mastering the art of balance by cashing in on ads, inserting them into Prime Video content from Jan. 29 onward. During an interview with CNBC on Dec. 6, Doug McMillon rang up concerns about consumer spending, citing elevated credit card balances and tightened household budgets and casted doubt on the extent of their expenditures despite their recent resilience. “If w ...