Retail/Wholesale
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U.S. stocks end mixed as rally tied to cooler inflation data takes breather
U.S. stocks ended mostly lower on Thursday, despite hitting a three-month high early in the session after another batch of…
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U.S. producer prices downshift for first time since 2020 recession
The numbers: The U.S. producer price index fell 0.5% in July, the Labor Department said Thursday. That’s down from a…
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Gas prices fall below $4 per gallon for the first time in months
The average price for a gallon of gasoline has fallen below $4, according to a leading tracker of prices. AAA…
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Tech, Cyber Companies Launch Security Standard to Monitor Hacking Attempts
A group of 18 tech and cyber companies said Wednesday they are building a common data standard for sharing cybersecurity…
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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…
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Grocery prices in July had largest price increase since 1979 — with one food staple rising by 38% on the year
The rise in the cost of living cooled in July, but not for grocery prices. The price of food at…
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Did a Robot Help Create That Ad? The Answer, Increasingly, Is Yes.
In late 2021, as states eased pandemic restrictions and consumers began flying again, travel search company Kayak needed a message…
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U.S. consumer price inflation cools in July, core prices sticky
The numbers: The U.S. consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3%…
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U.S. productivity tumbles again in second quarter, labor costs up sharply
The numbers: U.S. nonfarm worker productivity fell at a 4.6% annual clip in the second quarter, the government said Tuesday.…
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Novavax slashes sales guidance in half, stock plunges 34%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more…
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China closes Tibet’s Potala Palace over COVID outbreak, and Novavax stock is slammed by weak earnings and halving of sales guidance
Chinese authorities have closed Tibet’s Potala Palace after a small outbreak of COVID cases in the Himalayan autonomous region, the…
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Direct-to-Consumer Sales Are Fueling Supply-Chain Tech Growth
The push by consumer-goods suppliers to sell directly to consumers is giving a boost to technology companies that help untangle…
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Official U.S. tally of new cases may be declining, but at-home testing obscures data; Novavax opens trial of vaccine for very young children
The daily average of new U.S. cases may have started to decline based on official numbers, but it’s unclear at…
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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…
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‘A clear sign that the U.S. economy is not in a recession’: Economists react to blowout July jobs report
The July jobs report on Friday showed the U.S. economy gained 528,000 jobs last month, with the unemployment rate falling…
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PayPal Names Former Electronic Arts Executive Blake Jorgensen as CFO
PayPal Holdings Inc. named Blake Jorgensen as its next finance chief, succeeding John Rainey, who left the digital payments giant…
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L.A. County dodges face-mask mandate as community transmission rates stabilize, and U.S. government orders 66 million doses of Moderna’s pending booster
Los Angeles County has dropped a plan for a universal indoor face-mask mandate as COVID cases and hospitalizations have stabilized,…
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Biden’s COVID ‘rebound’ after treatment with Paxlovid serves as a reminder that the antiviral can have that rare outcome
President Joe Biden tested positive for COVID-19 for a third straight day on Monday, in what appears to be a rare case of…
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The global economy may soon be teetering on the edge of a recession, IMF says
The global economy is facing the possibility of a severe downturn that would rank in the bottom 10% of outcomes…
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U.S. consumer confidence declines for third straight month in June
The numbers: The index of consumer confidence fell to 95.7 in July from a revised 98.4 in the prior month,…
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U.S. stocks slip after Walmart profit warning, gloomy IMF economic warning
U.S. stocks edged lower Tuesday, hurt by Walmart Inc. cutting profit guidance ahead of a wave of corporate earnings reports…
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U.S. home-price growth slips in May from record high: Case-Shiller
The numbers: The S&P CoreLogic Case-Shiller 20-city index decelerated to a 20.5% year-over-year gain in May down from 21.2% in…
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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…
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These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500’s 8% gain from its lows
The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the…
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BA.5 named the variant that has likely infected President Biden and driven U.S. cases up 19% in a two-week period
U.S. COVID cases and hospitalizations remain at the highest levels seen this summer so far, as the BA.5 omicron subvariant…
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U.S. leads the world in new COVID cases as BA.5 continues to spread and illustrate that the pandemic is far from over
U.S. COVID cases and hospitalizations are rising again and are now trending at the highest levels seen this summer, as…
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U.S. July flash PMI data show ‘worrying deterioration’ in economy
The numbers: The U.S. services PMI fell to a 26-month low of 47 in July from 51.6 in the prior…
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U.S. leading economic index pointing to recession around end of the year, Conference Board says
The numbers: The leading economic index fell 0.8% in June, the U.S. Conference Board said Thursday. Economists polled by The…
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The typical S&P 500 CEO made 324 times more than the median-paid worker last year: report
The chief executives of S&P 500 companies raked in an average of $18.3 million in total compensation last year, making…
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Novavax’s protein-based vaccine approval fails to boost stock as demand in U.S. for shots and boosters remains low
U.S. health regulators authorized the use of Novavax Inc.’s COVID-19 vaccine, providing a new option that works differently than the two…
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U.S. stocks head for longest losing streak in a month as rate-hike fears, weak bank earnings bite
U.S. stocks fell sharply Thursday as investors braced for the possibility of a full percentage point increase in the Federal…
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U.S. wholesale prices surge again and signal inflation is still running hot
The numbers: The cost of wholesale goods and services jumped 1.1% in June, signaling inflation has spread deeply in the…
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White House highlighted ‘substantial declines in gas prices’ before latest inflation report
The Biden administration on Tuesday played defense before Wednesday’s much-anticipated reading on raging U.S. inflation, with officials holding a briefing…
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New omicron variant worries experts as it spreads in India, and Moderna says new booster offers better protection against BA.4 and BA.5
A new, highly infectious subvariant of omicron is raising concerns among scientists and health experts as it spreads in India…
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GameStop terminates CFO, reportedly plans layoffs; stock falls
GameStop Corp. shares fell in after-hours trading Thursday, after the company revealed that its chief financial officer had been terminated…
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The Colorado River Is in Crisis. The Walton Family Is Pushing a Solution.
The first-ever official shortage on the Colorado River has intensified a debate over how to provide water for 40 million…
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Amazon’s New Devices: the Astro Home Robot, a Smart Thermostat, a Wall-Mounted Echo Show and More
Amazon.com Inc. AMZN -2.64% streamed a media event Tuesday focused on new devices. As you might expect, it included updates…
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Logistics Operators Raise Pay, Enlist Robots to Meet Holiday Demand
Warehouse operators are throwing every tool they can at increasingly urgent efforts to hire seasonal workers as they brace for…
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Costco Limits Toilet Paper Purchases as Shortages Make an Unwelcome Return
A customer at a Giant store reaches for one of the last packages of toilet paper, which became scarce after…
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This is the No. 1 reason unemployed Americans aren’t looking for work
Amid a record number of job openings, Americans are taking their time looking for work, with only about 10% of…
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Jamie Dimon: Fintech poses ‘big time’ threat to JPMorgan and major banks
Silicon Valley’s technology prowess poses a major competition threat to Wall Street, JPMorgan boss Jamie Dimon has said. The US…
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U.S. COVID deaths top 500,000 as experts look to FDA meeting on J&J’s one-dose vaccine
The U.S. surpassed half a million deaths from the coronavirus-borne illness COVID-19 on Monday, as experts braced for a Food…
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