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Walmart Lowers Profit Forecast as Inflation Hits Customers

Citing the need to cut prices to move inventory, the company slashed its earnings outlook for the year, sending its stock price tumbling in after-hours trading.  » mehr lesen

Justice Department sues poultry processors over unlawful labor practices.

The department said three major processors participated in a decades-long scheme to suppress wages and stifle competition.  » mehr lesen

Energy Department will lend G.M. and LG $2.5 billion to build battery factories.

The loan will help the automaker and its supplier build electric vehicle battery factories in Ohio, Tennessee and Michigan.  » mehr lesen

SEC Charges Ex-Congressman Stephen Buyer and Others With Insider Trading

The federal authorities filed criminal and civil charges against nine people in a series of unrelated cases that netted more than $7 million in gains from trading ahead of corporate mergers.  » mehr...

Russia Announces Deeper Cuts in Natural Gas Flows to Germany

Gazprom, Russia’s state energy giant, said it would halve the amount of gas it sends to Germany through the Nord Stream 1 pipeline, bringing it down to 20 percent of capacity.  » mehr...

Fed Prepares Another Rate Increase as Wall Street Wonders What’s Next

Central bankers around the world have been picking up the pace of rate increases. Now the big question looms: When will they slow down?  » mehr lesen

Tesla will spend more to increase production at two new factories.

Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.  » mehr lesen

Inflation in Ukraine Adds to the War’s Hardship

Fuel prices are up 90 percent from a year ago. Food costs have surged over 35 percent. Many people, with incomes no higher than before the war, are being squeezed.  » mehr lesen

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