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Walmart’stop executives said Wednesday consumer behavior would be tougher to predict next year as financial strain pushes customers to be more cautious about spending their dollars.

The retail bellwether saw “anomalous type of behavior” from customers which “made us sit up in our chair” about the health of the consumer and what the purchasing behavior was, Chief Financial Officer John David Rainey said at the Morgan Stanley Global Consumer & Retail Conference.

About spending in the last two weeks of October being off trend compared to prior months, Rainey said it was “puzzling,” but the retailer did not intend to be “alarmist” in any way.

Walmart’s stock had dropped 8% on Nov. 16 when the company first hinted at October spending during its quarterly earnings.

Rainey at the conference also added that there is nothing “about what we have seen in the consumer” and deflationary pricing that makes the retailer rethink its long-term plans.

Earlier on Wednesday, CEO Doug McMillon in an interview with CNBC said rising credit card balances and dwindling household bank accounts do raise questions about how much consumers would be spending.

Last month, Walmart had said that US consumers were acting more cautious with spending during the holiday season.

But data on Thanksgiving weekend showed that deep discounts on everything from beauty products and toys to electronics lured shoppers tospendbringing a relief to worried retailers.

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Crypto rules for mortgages must reflect self-custody reality

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Crypto rules for mortgages must reflect self-custody reality

Crypto rules for mortgages must reflect self-custody reality

The FHFA directive on crypto in mortgage risk assessments risks excluding self-custodied assets, potentially increasing counterparty risk for homebuyers.

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Technology

Nvidia CEO Jensen Huang sells an additional $12.94 million worth of shares

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Nvidia CEO Jensen Huang sells an additional .94 million worth of shares

Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.

I-hwa Cheng | Afp | Getty Images

Nvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at about $12.94 million, according to a filing with the U.S. Securities and Exchange Commission. 

Friday’s sale is part of a plan adopted in March for Huang to sell up to 6 million shares of the leading artificial intelligence company. Earlier this week, Huang sold 225,000 shares of the chipmaker, totaling about $37 million, according to a separate SEC filing. The CEO began trading stock per the plan last month.

Surging demand for AI and the graphics processing units that power large language models has significantly boosted Huang’s net worth and pushed Nvidia’s market capitalization beyond $4 trillion, making it the world’s most valuable company.

Nvidia announced this week that it expects to resume sales of its H20 chips to China soon, following signals from the Trump administration that it would approve export licenses. Earlier this year, U.S. officials had stated that Nvidia would require special permission to ship the chips, which are specifically designed for the Chinese market.

“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement on Tuesday. Huang said during a news conference on Wednesday in Beijing that he wants to sell chips more advanced than the H20 to China at some point.

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Science

Hubble Uncovers Multi-Age Stars in Ancient Cluster, Reshaping Galaxy Origins

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Hubble Uncovers Multi-Age Stars in Ancient Cluster, Reshaping Galaxy Origins

Astronomers call ancient star clusters like NGC 1786 “time capsules” for their galaxy, preserving some of its oldest stars. A new image from NASA’s Hubble Space Telescope offers an unprecedented close-up of this dense cluster 160,000 light-years away in the Large Magellanic Cloud. Hubble’s data show that NGC 1786 contains stars of different ages – a surprising find, since such clusters were once thought to hold a single stellar generation. This multi-age discovery is reshaping our view of how galaxies built their first stars, and suggests more complex early history.

Mixed-Age Stars in a Galactic Time Capsule

According to the official source, this Hubble image shows the globular cluster NGC 1786, a ball of densely packed stars in the Large Magellanic Cloud about 160,000 light-years from Earth. Astronomers captured this picture as part of a program comparing ancient clusters in nearby dwarf galaxies (like the LMC) with clusters in our own Milky Way. The surprising discovery is that NGC 1786 hosts stars of multiple ages. In fact, astronomers expected all stars in such a cluster to form at the same time, so finding multiple stellar generations was unexpected. This suggests even ancient clusters in other galaxies have more complex, layered histories than scientists expected.

Clues to Galaxy Evolution

For astronomers, the discovery provides clues to galaxy formation. Each globular cluster is like a snapshot of its galaxy’s past, so finding multiple stellar generations implies the Large Magellanic Cloud built its stars in stages rather than all at once. By comparing NGC 1786 to clusters in the Milky Way, researchers can retrace how both galaxies assembled their oldest stars. As one NASA scientist notes, this study “can tell us more not only about how the LMC was originally formed, but the Milky Way Galaxy, too”. Overall, the discovery supports a picture of gradual galactic growth through multiple waves of star formation and mergers, rather than a single early burst.

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