On August 16, Walmart offered a much rosier picture for consumer spending than it had forecast just a month earlier, as the company's steep discounts led customers to shop more. A woman loads groceries into her car at a Walmart in Pennsylvania on August 12.
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Walmart results relieve some recession fears
Walmart had good news Tuesday for investors and economists worried about a looming recession, as the retail giant gave a much rosier picture of consumer spending than it offered less than a month ago.
