A mix of retail earnings reports reveals winners and losers as a K-shaped economy influences consumer sentiment. Walmart sees growth in low-income shoppers, beats expectations, and raises outlook. Ross Stores and TJX Companies also perform well, catering to value-seeking customers. Gap reports sales growth, while Target and Home Depot struggle amid economic challenges. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by 500 points due to concerns about rising inflation and interest rates.

2. The United Nations reports that over 100,000 people have been displaced in Myanmar due to ongoing conflict between the military and ethnic armed groups.

3. Scientists have discovered a new species of dinosaur in Argentina, named Llukalkan aliocranianus. This carnivorous dinosaur had a unique skull structure and likely lived during the Late Cretaceous period.

4. The European Union has announced plans to impose sanctions on Russia for its treatment of opposition leader Alexei Navalny. The sanctions will target individuals involved in his arrest and detention.

5. A new study has found that children who regularly eat breakfast have higher academic achievement and cognitive function compared to those who skip breakfast. The findings highlight the importance of a nutritious morning meal for students.

Read more at Yahoo Finance: America’s biggest retailers see uneven results, with low-income consumers ‘feeling the squeeze’ of high prices