Big name retailers continue to get ‘squeezed’ by inflation and supply chain costs: Larry Cheng
Volition Capital managing partner Larry Cheng discusses his outlook for the stock market and analyzes the significant earnings misses for large retailers on ‘Varney & Co.’
Kohl's becomes latest retailer to warn of inflation eating into profits
The company said it expects fiscal 2022 per share adjusted earnings of $6.45 to $6.85, compared with its previous forecast of $7.00 to $7.50.
Target, Walmart’s inflation warning bad omen for stocks, economy
Walmart and Target, solid barometers of consumer spending, didn't mince words on sky-high inflation.
Fed not equipped to get inflation under control: Market analyst
The Cow Guy Group founder Scott Shellady and TJM Investments managing director Tim Anderson analyze the impact of inflation and gas prices on the retail sector.
Atlanta-area Taco Bell employee accused of firing assault rifle at work, injuring 2
Police in the Atlanta area say they are searching for a Taco Bell employee after a double shooting in a restaurant’s parking lot Wednesday in South Fulton.
Federal Reserve doing ‘very little’ to alleviate financial pain: Marc Lopresti
The Strategic Funds managing director discusses the Federal Reserve and their response to rising costs in the retail sector on ‘Mornings with Maria.’
Lowe's sales disappoint as late spring hurts seasonal demand
Americans hunkered down during the lockdowns engaged in more do-it-yourself (DIY) home projects, lifting sales of paint and building materials at Lowe's and bigger rival Home Depot in 2020.
Target profit halves on rising costs, warns of bigger margin hit
The bleak results come a day after larger rival Walmart Inc cut its annual profit view, even though both retailers clocked better-than-expected quarterly sales.
Tanger CEO: Inflation drives consumers to look for value
Tanger CEO Stephen Yalof discusses the new Nashville location and the state of retail on 'The Claman Countdown.'
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.
Rep. Cammack: This is 'terrifying' from Sen. Warren
Rep. Kat Cammack, R-Fla., reacts to Sen. Elizabeth Warren proposing Venezuelan-like price controls on essential items.
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.’