Tuesday, May 17, 2022
Updated at 7:16 am ESTWalmart  (WMT) - Get Walmart Inc. Report posted weaker-than-expected first quarter earnings Tuesday, and cut its full-year profit forecast, as surging costs ate into the bottom line of the world's biggest retailer. Walmart said adjusted earnings for...
Reckitt boosts baby formula production by 30%Nestle flies supplies to U.S. from EuropeAbbott gets go-ahead to resume productionU.S. to allow imports from foreign makersLONDON, May 17 (Reuters) - Top baby formula makers Reckitt Benckiser (RKT.L) and Nestle have ramped...
Shares of U.S.-listed Chinese firms traded higher in Hong Kong on Tuesday morning, with electric vehicle makers leading gains, while tech majors such as Alibaba Group Holding Ltd BABA and JD.com Inc JD rose as much as 4%. Web search giant Baidu Inc BIDU and tech conglomerate Tencent...
(Bloomberg) -- Elon Musk said that the US economy was “probably” in a recession -- a judgment at odds with economists and available data -- and cautioned companies to watch costs and cash flows.Most Read from Bloomberg“These things pass...
If a court approves the agreement, the company says, it could restart the site within two weeks. It would first resume the production of its specialty metabolic formulas EleCare and Alimentum, followed by Similac and other formulas.After Abbott...
Investors were hoping that the gains they enjoyed last Friday might be the beginning of a larger bounce. Yet often, Wall Street disappoints those who...
NEW YORK — (AP) — Stocks are opening modestly lower on Wall Street Monday, continuing a losing streak that has brought the market down for six weeks in a row. The S&P 500 was down 0.6% in the early...
McDonald’s said Monday that it will sell its business in Russia after more than 30 years in the country.The company cited the war in Ukraine and the unpredictable operating environment in Russia as its reasons for leaving, saying in a...
China's retail sales slumped to its lowest in over two years while factory output plunged, official data showed Monday, due to Beijing's zero-Covid policy BEIJING: China's retail sales slumped to its lowest in two years while factory output plunged, official...

RECENT POSTS