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

Russians buy last goods from H&M, IKEA as stores begin exit | Russia-Ukraine war News

Mega-retailers H&M and IKEA are unloading their stocks in Russia as they wind down their business in the country. Russians are snapping up Western fashion and furniture this week as H&M and IKEA sell off the last of their inventory in Russia, moving forward with their exit from the country after it sent troops into … 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

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

US economy shrinks for a second quarter, fueling recession fears | Business and Economy News

The fall in US GDP comes on the heels of the Federal Reserve raising interest rates, as Chair Jerome Powell says growth needs to slow. By Reade PickertBloomberg Published On 28 Jul 202228 Jul 2022 The US economy shrank for a second straight quarter, raising chances of a recession, as decades-high inflation undercut consumer spending … Read more

Walmart cuts outlook on inflation pains, sending shockwaves through Wall Street – National

Stocks are lower on Wall Street in early afternoon trading Tuesday after Walmart warned that inflation was negatively impacting American consumers’ spending power. The S&P 500 was down one per cent as of 1:02 pm Eastern, wiping out modest gains from a day earlier. The Dow Jones Industrial Average was down 108 points, or 0.3 … Read more

Walmart stock sinks after warning of inflation’s effects on earnings

Shares of Walmart Inc. sank 8% in after-hours trading Monday after the retail giant lowered its profit forecast, disclosing that inflation has required the company to conduct more markdowns. The company now expects adjusted earnings per share to fall by 8% to 9% for the fiscal second quarter and 11% to 13% for the full … Read more

Tanduay Releases “Cocktail Culture” Book of Recipes

Available in e-book format, it can be accessed via the Tanduay website, “We came up with the book so that both new and long-time customers can experience and appreciate Tanduay in different ways,” said Marc Ngo, Tanduay Distillers, Inc. International Business Development Manager and Senior Brand Manager. The cocktails’ taste and colors reflect the … Read more

Premier Dining, Brewing and Sports Entertainment Coming to Sodo This Summer

New restaurant and brewery to celebrate sports history in the Pacific Northwest SEATTLE† July 7, 2022 /PRNewswire/ — Today, the Mariners announced Hatback Bar & Grille and Steelheads Alley will open this August across from T-Mobile Park. Situated in the historic 1201 First Avenue building, formerly Pyramid Brewery, the new restaurant and taproom are inspired … Read more

Some McDonald’s franchisees are abandoning dollar drinks as inflation eats away at profits

many McDonald’s locations have quietly stopped offering $1 drinks of any size amid surging inflationthe Wall Street Journal reports. The parent company has recommended that franchisees keep beverages of any size on the dollar menu† Surging inflation has come for part of McDonald’s popular dollar menu. The Wall Street Journal reported on Friday that multiple … Read more