Reality bites traders, memers and crypt-iots
Melvin Capital is maybe the first — but certainly won’t be the last — hedge fund hammered out of business ...
Tag: inflation
Kohl’s cuts annual forecast as it gets stung with inflation
Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung ...
How restaurants are grappling with food inflation: $34 chicken wings
Restaurant owners are debating whether to charge patrons as much as $34 for a plate of chicken wings or to ...
Stagflation in US economy ‘unavoidable,’ economist El-Erian says
The onset of debilitating stagflation within the US economy is likely “unavoidable” even if the Federal Reserve manages to avoid ...
Here’s how much US households are now spending on gas
American families are shelling out what amounts to $5,000 per year to put gas in their cars — a painful ...
Walmart shares tank 9% as inflation slams profit margins
Walmart’s quarterly profits sorely missed Wall Street’s forecasts despite higher sales, as higher costs from inflation, supply-chain snags and workers’ ...
Microsoft doubles budget for employee salaries to address inflation, retain talent
Microsoft plans to boost salaries and benefits to retain its talent in the competitive labor market as decades-high inflation has ...
Lloyd Blankfein warns of ‘very, very high risk’ of recession
Former Goldman Sachs chief executive Lloyd Blankfein is warning there is a “very, very high risk” of recession — and ...
Larry Summers defends Biden from Bezos attack over inflation
Former Treasury Secretary Larry Summers defended the Biden administration Monday during its spat with Amazon founder Jeff Bezos – who ...
Fed’s slow response to inflation ‘was a mistake’: ex-chair
The banker who steered the US through the Great Recession blamed the Federal Reserves’ current leadership for moving too slowly ...
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