Month: July 2022

After a punishing start to the year, the S&P 500 has climbed nearly 5% in July. Even some companies that have posted sharply lower quarterly results have seen their shares rally in the following days.

Retail stores are reporting stronger sales of beers like Busch Light and Icehouse, while Marlboro is losing ground to brands such as Montego and Maverick.

PCR-testing capacity is shrinking as funding declines and people test at home before work, school and gatherings or forgo screening.

Purchasing managers surveys indicate the sharpest pullback for the U.S. economy since early in the pandemic, with eurozone and other global economies also showing weakness.

Russia’s threat to the gas supply combines with rising interest rates to endanger the EU’s economies, with German industry especially in the cross hairs. Political turmoil in Italy adds to risks.

The court-ordered settlement talks in a shareholder lawsuit over CEO Elon Musk’s 2018 tweets will take place in October, the same month as two other trials involving Twitter and Tesla.

Tightening consumer budgets amid rapid inflation are intensifying competition in grocery aisles.

Companies from Coca-Cola to McDonald’s will share insights on inflation, supply chain and consumers.

The retailer’s emphasis on creating private-label items, rather than modernizing its technology, meant it was caught flat-footed when the pandemic struck. And it turned out shoppers actually preferred the stores’ old treasure-hunt feel. “Where is Mikasa?”