IMF Cuts Global GDP Growth Forecast; Walmart’s U.S. CEO Resigns

By: , dated July 24th, 2014
The S&P 500 continues its record breaking streak as it closed the day with another record high. Just a day after the International Monetary Fund cut its forecast for the U.S. economy, it cuts its global GDP growth forecast. The IMF cut the growth forecast from 3.4% to 3.6%, they do however expect global growth to jump up to 4.0% in 2015. Walmart’s (WMT) U.S. CEO announced that he would be stepping down today, as the company continues to deal with sluggish store sales. Walmart already announced that Greg Foran, the head of the company’s Asia operations will take over the role.

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