Baby formula company sees demand surge as first FDA-approved maker in 15 years
FOX Business' Lydia Hu speaks to ByHeart CEO Ron Belldegrun about the 'unfathomable' formula shortage.
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.
Port of Los Angeles director on how China's COVID lockdowns have impacted cargo shipments
Port of Los Angeles Executive Director Gene Seroka explains that the lockdowns have led to 'impacts across the board.'
April retail sales rise 0.9%, even as consumers confront sky-high inflation
U.S. consumers continued to open their wallets in April, even as inflation hovered near a 40-year high.
China's COVID lockdowns disrupt global supply chain
Port of Los Angeles Executive Director Gene Seroka says 'we have not seen the percipitous drop in cargo that some have called for' over the last two months of COVID lockdowns in China.
US 'heading to a mild recession': Investment expert
Potomac Wealth Advisors President Mark Avallone argues a recession is 'more than likely,' but the focus should be on 'the depth' as a mild one 'could be very manageable.'
Walmart cuts full-year profit forecast as fuel, labor costs spike
The company has fared better than most rivals in maintaining inventory levels due to its massive scale and negotiating power with suppliers, but costs have soared as it expedited shipments and chartered cargo ships to get products on shelves.
Home Depot raises annual sales forecast on steady demand
The company now expects comparable sales to increase about 3% in fiscal 2022, compared to its previous forecast of a slight positive growth.
Can’t say the stock market lows of 2022 are in: Trader
SlateStone Wealth chief market strategist Kenny Polcari and T3 Trading CSO Scott Redler assess the recent stock market reversal on ‘The Claman Countdown.’
Affirm CEO tells shareholders how he will turn the stock around
Affirm co-founder and CEO Max Levchin discusses how consumers can regain spending power as inflation surges on ‘The Claman Countdown.’
Walmart to fast-track college grads to store managers through new recruitment program
The announcement comes as 4.5 million Americans, or about 3% of the workforce, quit their jobs in March.
Virginia Target workers join labor union movement: Here's what both sides are saying
The workers are joining the labor movement that is sweeping the nation and impacting major corporations including Amazon, Starbucks, Apple and Etsy.
Target shoplifters use fire as distraction to escape with stolen items
Target employees in Fort Lauderdale were forced to evacuate the retail store after shoplifters set a fire to create a diversion. Fort Lauderdale fire and police rescue teams responded to a Target store Wednesday night to after shoplifters set clothes on fire.
Shipping company president says China’s ‘black swan’ port problem will drive up US prices this summer
America will see the highest spike in prices this summer due to China's zero-COVID, "black swan" problem causing global supply chain delays, Alba Wheels Up President Sal Stile warns.
China port congestion now a 'problem' for Asia, US: Shipping and customs expert
Alba Wheels Up International President Sal Stile warns lockdowns in China will add to inflationary pressures this summer.
Supply chain bottlenecks giving Napa Valley something to 'wine' about
Napa Valley's business leaders are feeling a "tremendous hit" as they struggle to meet high wine demand amid rising shipping costs and multiple supply shortages.
Shipping, supply chain delays ‘tremendous hit’ to wine industry: Portocork CEO
Portocork CEO Dustin Mowe discusses rising shipping and supply costs impacting wine country with FOX Business’ Kelly O’Grady.
Van Leeuwen Ice Cream recalls 2K pints due to undeclared tree nuts
Van Leeuwen Ice Cream has recalled more than 2,000 pints of ice cream after learning the product may contain undeclared tree nuts, the company announced Tuesday.
Rising interest rates, inflation force consumers to pull back in online shopping
Consumers collectively spent $77.80 billion online in April, down 6.8% from the month prior, according to e-commerce data from the Adobe Digital Price Index.
Target, CVS, Walgreens impose baby formula purchasing limits due to shortage
Retailers including CVS, Walgreens and Target have put purchasing limits on baby formula products citing increased demand and supplier challenges.