These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

5 things we’ve learned from earnings season so far: How big an impact is inflation having?

More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key takeaways have emerged — including that Wall Street was far more worried about the coming earnings season than it needed to be. That doesn’t mean investors were wrong; the numbers and management commentary have confirmed … Read more

Toronto Stocks Flat; Maple Leaf Foods Falls After Inflation, Labor Issues Hit 2Q

By Adriano Marchese Stocks in Toronto were near-flat in midday trading Thursday. Canada’s energy sector posted the largest decline in the session, while materials and technology led the gainers. Shares of Maple Leaf Foods Inc. fell after the company said inflation and labor issues weighed on its second quarter. Canada’s S&P/TSX Composite Index was up … Read more

Toronto Stocks Flat; Maple Leaf Foods Falls After Inflation, Labor Issues Hit 2Q

By Adriano Marchese Stocks in Toronto were near-flat in midday trading Thursday. Canada’s energy sector posted the largest decline in the session, while materials and technology led the gainers. Shares of Maple Leaf Foods Inc. fell after the company said inflation and labor issues weighed on its second quarter. Canada’s S&P/TSX Composite Index was up … Read more

Opinion: Food inflation remains stubbornly high in US and Europe

The pace at which food prices rise matters not just because it directly impacts household budgets, especially for those at the lower end of the income distribution, but also because the visibility of food price changes helps to shape the public’s expectations of inflation which itself can contribute to higher inflation. Annualized food inflation is … Read more

12 ways to adjust your vacation for inflation

It’s still summer, and if you plan to travel soon, be prepared to see inflation at nearly every step along the way. According to a May NerdWallet survey, nearly 7 in 10 Americans planned to travel between Memorial Day and Labor Day, and among them, 81% said inflation would impact their plans. This number spiked … Read more

In a busy morning 3M announces healthcare spin off, mixed earnings and subsidiary’s voluntary bankruptcy

3M Co. was busy before market open Tuesday, announcing the planned spinoff of its healthcare business, second-quarter results, and the voluntary bankruptcy of the company’s Aearo Technologies subsidiary. Buoyed by the flurry of announcements, shares of 3M Co. mmm, +6.77% shot up as much as 8.6% to an intraday high of $145.70 moments after the … Read more