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Kohl’s cuts guidance, blaming inflation for softer sales from middle-income shoppers
Kohl’s on Thursday again slashed its financial forecast for the year, saying its middle-income customers have been particularly pressured by…
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Jobless claims edge lower as Fed looks to cool labor market
Initial filings for unemployment benefits declined slightly last week though they were consistent with a drift higher in layoffs that…
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Retail sales little changed in July amid fall in gas prices and drop in auto sales
Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turned more heavily…
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Stocks making the biggest moves midday: Walmart, Bed Bath & Beyond, Zoom, Ally and more
Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images…
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Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession
Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent…
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Peloton slashing 780 jobs, closing stores and hiking prices in push to turn profit
Peloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and…
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Fed’s Barkin says rate increases need to continue until inflation holds at 2%
Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will…
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Wholesale inflation fell 0.5% in July, in another sign that price increases are slowing
Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed the…
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Stocks making the biggest moves midday: Coinbase, Roblox, Wendy’s and more
Check out the companies making headlines in midday trading. Coinbase reported a 27% decline in revenues in the first quarter…
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Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a…
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