Stocks have been under pressure this week after quarterly results from Target and Walmart raised concerns about weakening consumer activity and retailers' ability to weather soaring inflation. The major indices were positive this morning but still on track for another losing week.
The Fed...
Over the past 18 months, Chinese regulators have passed new regulations and imposed fines on numerous sectors, including education, gaming, ride-hailing, and food delivery, crushing the market cap of many of the country’s leading companies. But after positive comments from China’s economic czar, Vice Premier Liu...
The stock sell-off accelerated last week after first-quarter reports from retail giants Walmart and Target rattled markets. The key retailers reported operating margin misses driven by higher input costs from areas like fuel and freight. Inflation concerns were driven by the disappointing earnings, adding fuel to market-wide...
Stocks inched higher this morning after President Biden said he would bring tariffs on Chinese products imposed by the Trump administration into focus. The president said he was considering reducing tariffs on some products imported from China. “I am considering it. We did not impose any of...
