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Earnings Report

Is the US in a recession?

University of Akron Endowment Investment Committee Chair Dennis Gartman, Payne Capital Management President Ryan Payne and Creative Planning CEO Peter Mallouk weigh in on earnings and the potential for a recession. 

Markets

Walmart shares slide as inflation hits profits

Walmart attributed the profit miss to higher wage expenses as declining omicron cases led to overstaffing, higher inventory and higher costs for shipping, storage, food and fuel due to inflation, which is currently running near a 40-year-high.

Markets

Peloton sales plummet, shares skid

The fitness giant posted a net loss of $757.1 million, or $2.27 per share, compared with a loss of $8.6 million during the same period a year ago, while revenue slipped 24% year over year to $964.3 million, compared with $1.26 billion in the year-ago period.