SAN LEANDRO, CALIFORNIA – APRIL 09: Customers enter a Walmart store on April 09, 2025 in San Leandro, California. Walmart is pulling its first-quarter earnings estimates as President Donald Trump’s new tariffs could impact its profits in the first quarter. (Photo by Justin Sullivan/Getty Images)

A simple measure on Costco's part has saved the company a ton of money, which, in turn, has benefited members.

US President Donald Trump twice shared a video claiming Walmart was shutting down more than 250 stores in California due to a supposed $22 hourly minimum wage implemented by Governor Gavin Newsom. But both the US retail giant and the Democratic governor rejected the AI-generated clip's allegations as false,

Walmart just joined the trillion-dollar club. A 13.2% gain to start the year pushed the retailer past the $1 trillion mark on Tuesday, reflecting Wall Street’s willingness to value Walmart less as a traditional retailer and more as a technology-driven enterprise.

Walmart hit a historic $1 trillion market cap milestone, becoming the first major retailer to join an elite group dominated by tech giants.

The store is at southwest First Coast Expressway and Oakleaf Plantation Parkway, on the Duval side of the Clay County line.

Explore Walmart’s ‘Weenification’ strategy: how year-round horror fandom, market consolidation, and Gen Z are reshaping Valentine’s Day and the retail calendar at large.

Goldman Sachs and Evercore ISI removed Walmart stock from their top stock pick lists this week. Valuation seems to be the sticking point.