Both Walmart and Target are preparing for leadership changes at the top, yet Walmart’s incoming CEO has wind at his back, while Target’s faces daunting challenges.

Shares of Walmart Inc. surged on Thursday, dominating the major indexes, after the discount-retail behemoth hit a home run with its third-quarter results and nudged its full-year forecast higher, as wealthier shoppers continued to turn to the chain for bargains amid ongoing consumer-spending concerns.

Find out if Walmart is open on Thanksgiving Day, when stores reopen for Black Friday, and how holiday shopping plans are affected.

Walmart expects upper- and middle-income shoppers to keep spending this holiday season, CFO John David Rainey said.

Costco, Home Depot, Walmart and Target will close for the day on Nov. 27. This is done to give shoppers — and employees — the time to celebrate Thanksgiving with their families and a breather before the chaos of Black Friday and Cyber Monday.

Major stock indexes erased big morning gains and closed sharply lower Thursday, a day after AI darling Nvidia reported quarterly results above analysts' lofty expectations.

A baby lounger has been recalled by the company Nuoxuann due to a risk of serious injury or death in children.

The retailer reported a boost in foot traffic, but online shopping emerged as a bright spot ahead of the holidays.