In a rare interview with Walmart heir Steuart Walton, Yahoo Finance got an inside look at how he was chosen as one of two current family members on Walmart's (WMT) board of directors. It's an essential role to keep the family fortune close, as the Walton family holds just more than 45% of Walmart's stock. Walton chairs the Walmart board's technology and e-commerce committee as the retailer aims to take on one of its closest competitors, Amazon (AMZN). The board is also tasked with "hiring the right people to run the company," which is "probably the first priority," longtime retail analyst Joe Feldman of Telsey Advisory Group told Yahoo Finance, as Walmart takes on some of the biggest challenges of the times, including keeping up with artificial intelligence, dealing with the Trump administration's tariffs, and navigating nonstop culture wars. For more expert insight and the latest market action, click here...

While President Donald Trump paused most of the tariffs that went into effect last week, tariffs on Chinese goods not only remain in place but are escalating, as I write this. Most companies are exposed to tariffs on Chinese goods in one way or another, either because they source products and supplies from China, or because they're susceptible to weakening consumer and business spending as economic uncertainty ramps up. Amazon (NASDAQ: AMZN) is facing multiple headwinds from the tariffs on Chinese products, and the retail and cloud giant may be more exposed than many of its peers...