Former Walmart U.S. CEO Bill Simon warns higher-income consumers may be creating a frothy situation at Walmart. His warning comes with Walmart stock hitting all-time highs going back to August 1972. Shares surged almost 7% on Thursday after the discount retailer's fiscal first-quarter adjusted earnings and revenue beat estimates.

CNBC's Jim Cramer listed ten stocks that helped the Dow Jones Industrial Average briefly top 40,000 on Thursday. "To me, this list is emblematic of the fact that we should spend a lot less time focusing on the Fed," Cramer said. "That's what propels these stocks long term, and that's what makes the difference"

Snowflake Inc. is in talks to acquire startup Reka AI for more than $1 billion, sources say. Reka makes large language models that can be used for a range of tasks. The discussions may not result in a deal, according to the people. Snowflake makes tools to organize and analyze data in the cloud.

Reddit shares surged 11% in extended trading on Thursday. The social media company announced a partnership with OpenAI. OpenAI will be able to train its artificial intelligence models on Reddit content. Reddit will begin offering certain AI features to users and moderators, powered by Open AI.

Nearly 900,000 tea bags by the organic tea brand Yogi are being recalled due to a detectable amount of pesticide. The Echinacea Immune Support teabags are sold in stores across the country. Yogi has not responded to CNN’s request for comment.

'Big Short' Investor Michael Burry Bets Heavy On Gold, Renewable Energy Stocks, Exits Amazon, Alphabet. Burry, who famously predicted the 2008 financial crisis, has once again made headlines with his latest 13F filing for his hedge fund Scion Asset Management LLC. The first quarter of 2024 reveals a strategic recalibration towards physical commodities and renewable energy, while Burry shifted away from some tech giants.

Renaissance Technologies LLC loaded up on shares of meme-stock darlings AMC Entertainment Holdings Inc. and GameStop Corp. The hedge fund bought 3.82 million shares of AMC in the first quarter of 2024, adding to its position in the movie theater chain. Renaissance wasn't the only hedge fund to trade the buzzy meme stocks in the earliest months of the year.

Deere now expects fiscal 2024 net income of about $7 billion, down sharply from its prior expectations of $7.50 billion. The world's largest farm equipment maker expects sales of large agriculture equipment to decline between 20% and 25% this year. Farm income is expected to slide 25.5% to $116.1 billion this year from 2023.

JPMorgan CEO Jamie Dimon and Ray Dalio have weighed in with concerns about America’s debt pile. Dimon said he hoped the US government would focus on reducing its budget deficit before financial markets force it to. Dalio said he was anxious about waning investor appetite for those government bonds, known as Treasuries.

Applied Materials, Inc. (NASDAQ:AMAT) is expected to release earnings results for its second quarter, after the closing bell on Thursday. Analysts expect the Santa Clara, California-based company to report quarterly earnings at $1.99 per share. With the recent buzz around Applied Materials, some investors may be eyeing potential gains from the company's dividends.

Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. The new features could mean Americans will be carrying fewer physical cards in their wallets. They will make the 16-digit credit or debit card number printed on every card increasingly irrelevant.

Lynn Rippelmeyer grew up on a farm in the 1950s. She got hired in 1972 by TWA, then a major airline, and started working on the Boeing 747. In 1975, she learned that the first two female airline pilots in the United States – Bonnie Tiburzi and Emily Warner – had been hired.

Netflix is moving its ad tech development in-house. The $7 per month ad-supported tier has 40 million monthly active users. The streaming company has relied heavily on Microsoft to reach this success. Netflix will start working with Google’s Display & Video 360 and The Trade Desk later this summer.

Microsoft has asked at least 100 of its employees in China to consider moving to other countries, Chinese state media reports. The reports come as relations between Beijing and Washington deteriorate over technologies like artificial intelligence (AI) and clean energy. Microsoft said providing internal opportunities for some employees was part of its regular business and the company remained committed to China.