Month: March 2022

Consumer spending increased 0.2% in February, the Commerce Department said, a slowdown from the prior month as inflation stayed elevated. The Federal Reserve’s preferred inflation gauge rose 6.4% from a year earlier, more than expected.

The Swedish fashion giant said new waves of Covid-19 had resulted in store closures in China and hurt footfall in Germany and Austria, while its decision to stop sales in Russia after the invasion of Ukraine had wiped out a further chunk of revenue.

World Wrestling Entertainment is starting to produce fictionalized TV shows, part of an effort to generate more revenue and capitalize on streaming services’ growing hunger for fresh content.

The co-founder of the talent agency that now owns the Ultimate Fighting Championship competitions received pay valued at $308 million last year.