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Walmart Earnings: Profits Dragged Down by Higher Costs for Food and Fuel

Business NY Times -
The drop meant that for the first time in years, Walmart did not meet Wall Street’s profit expectations, an ominous signal for other companies navigating inflation.  » mehr lesen

Elon Musk Says Twitter Deal ‘Cannot Move Forward’ in Current State

Business NY Times -
Mr. Musk called on Twitter to provide more data about the number of spam and fake accounts on the social media site.  » mehr lesen

Powell says the Fed is watching for ‘clear and convincing’ signs of inflation fading.

Business NY Times -
Jerome Powell, the Fed chair, said the central bank is prepared to raise rates more quickly and higher if price pressures fail to fade.  » mehr lesen

Allianz subsidiary agrees to plead guilty over a $7 billion investment implosion.

Business NY Times -
The former chief investment officer for the funds that collapsed early in the pandemic was charged with securities fraud and obstruction of justice.  » mehr lesen

Netflix Lays Off 150 Employees as It Struggles With Subscriptions

Business NY Times -
“Our slowing revenue growth means we are also having to slow our cost growth as a company,” the company said in a statement.  » mehr lesen

Retail sales rise for the fourth straight month as prices keep climbing.

Business NY Times -
Gas prices cooled down slightly in April but were still at elevated levels, while oil prices remain volatile.  » mehr lesen

After raising $90 million in 2020, Black Lives Matter group now has $42 million in assets.

Business NY Times -
The organization offered the first official accounting of its finances recently, disclosing a filing to the I.R.S.  » mehr lesen

Poor Countries Face a Mounting Catastrophe Fueled by Inflation and Debt

Business NY Times -
Russia’s war in Ukraine is combining with a global tightening of credit and an economic slowdown in China to sow misery in low- and middle-income countries.  » mehr lesen
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