Analysis-Rally In U.S. Consumer Stocks Teeters With Fed, Inflation In Focus
Expectations of more Federal Reserve tightening and economic worries are weighing on a rebound in consumer discretionary stocks, though some investors believe the sector will outperform other areas of the market if growth begins to wobble in coming months.
Incoming Starbucks boss to bring consumer insight to coffee culture
Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the changing habits of consumers when he takes over at Starbucks.
U.S. retailers slash clothing prices as shoppers cut purchases
Inflation-weary U.S. shoppers have been skimping on clothing purchases, prompting retailers to slash prices to clear inventory off the racks.
TikTok stars boycott Amazon in activism push
The coalition is pushing for the firm's workers to get a minimum hourly wage of $30, improved medical leave and easing of productivity requirements.
Walmart Explores Matchmaker Marketplace For Social Media Influencers
Walmart may launch a platform that will use social media influencers to help the retailer and its 100,000 third-party sellers promote their goods and services online, according to trademark filings.
Coca-Cola and McDonald's left Russia. Their brands stayed behind
Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as courts show little sympathy for firms that depart.
Walmart.com drew higher-income shoppers looking to buy food
U.S. inflation at a four-decade high has hit lower-income Americans the hardest. On Tuesday, Walmart's results showed that those with bigger wallets are getting squeezed, too.
Walmart Sees Smaller Annual Profit Drop As Discounts Draw Inflation-hit Shoppers
Walmart Inc nudged up its annual profit forecast on Tuesday, partly reversing a hefty cut less than a month ago, as discounts to clear excess merchandise and lower fuel prices helped it beat expectations for quarterly sales.
Dow Edges Up On Retail Earnings Boost
The Dow inched higher on Tuesday as results from Walmart and Home Depot lifted the retail sector, while a slide in megacap growth stocks and signs of a slowing global economy weighed on the Nasdaq and the S&P 500.
Apple's $30 million settlement over employee bag checks gets court approval
A federal judge in California has signed off on Apple Inc.'s $30.5 million settlement in a nearly decade-old lawsuit claiming the company shortchanged 15,000 retail workers by not paying them for time spent in security checks after their shifts.
Has blockchain found a use beyond crypto trading?
Blockchain at heart is a ledger, a way of storing transactions that is -- according to fans -- secure, transparent and permanent.
Inflation begins to strain finances of young, low-income Americans
As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure.
Fed to unveil another big rate hike as signs of economic slowdown grow
With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point on Wednesday to battle high inflation, focus will shift to how deeply signs of an economic slowdown have registered with its policymakers.
Visa profit sails past estimates on resilient consumer demand
Visa Inc beat estimates for quarterly profit on Tuesday as resilience in consumer spending so far and a summer travel boom across much of the United States translated into higher card spends.
Dreaded U.S. West Coast Port Labor Contract Expiration Ticks Closer
The contract covering more than 22,000 workers at 29 U.S.
Love Island and eBay: how the reality show could model a radically sustainable future for its young viewers
The show's executive producer, Mike Spencer, has announced it'll be working with eBay in 2022 to clothe participants in its current series with "preloved" garments.
US CVS Pharmacies Limit Morning-after Pill Purchases To Avoid Shortage
US CVS pharmacies limit morning-after pill purchases to avoid shortage
Cotton rally squeezes Asian garment makers, threatens recovery from COVID
A near doubling in benchmark cotton futures to 11-year highs, hard on the heels of a spike in freight and fuel prices, is clobbering Asian apparel makers while their global retail customers are reluctant to soak up the extra costs.
Asian shares tumble as global growth fears mount
British inflation surged to its highest annual rate since 1982 as energy bills soared, while Canadian inflation rose to 6.8% last month, largely driven by rising food and shelter prices.
Wall Street set to open higher as technology, growth stocks rebound
A positive first-quarter earnings season has been overshadowed by worries about the Ukraine war, soaring inflation, COVID-19 lockdown in China and aggressive policy tightening by central banks.
Google picks former Modi think-tank official as India policy head -source
Last year, Meta Platforms Inc hired Rajiv Aggarwal - who spent years working in India's federal and state governments - as its head of policy.
WhatsApp wins approval to expand Indian payments service to 100 million users - sources
The NPCI gave WhatsApp approval to launch the payments service in 2020 after the company spent years trying to comply with Indian regulations
Walmart hikes starting US trucker pay to as much as $110,000/year
Walmart, which currently has 12,000 drivers in its fleet, is looking to add another 5,000 in 2022.
Pharma giants to pay $590 mn to US Native Americans over opioids
Every tribe recognized by the US government, 574 in all, will be able to participate in the agreement, even if they have not filed lawsuits.
Baby purchases $2,000 worth of items from Walmart using mom's phone
The mother had been looking at furniture for their new home and added some options to her cart but never made a purchase
Jury rules against pharmacy chains in big US opioid case
Lake County praised the verdict and said that between 2012 and 2016, some 265 pills for every resident were dispensed in the area.
India police charge Amazon executives over online drug sales
The drugs case is the latest legal headache for the online marketplace's Indian arm
IMF, G20 fret over supply chain bottlenecks, inflation fears
World Bank President David Malpass warned that some of the price spikes "will not be transitory."
Walmart to lift wages for 565,000 US workers
Walmart's starting wage is now between $12 and $17 an hour depending on the position, a company spokeswoman said.
Cops called to JoJo Siwa's Pride Party over overdosed guest
Police determined there was no crime committed so no arrests were made.