Disappointing earnings a 'wake-up call' for Apple, Amazon: Cornerstone Wealth CIO
Cornerstone Wealth CIO Cliff Hodge argues that supply chain disruptions have impacted earnings for some of the best-run companies.
Apple posts rare sales miss amid chip shortage, supply issues
Apple posted a rare sales miss in its fourth fiscal quarter of 2021 on Thursday as the iPhone maker contended with a global chip shortage and manufacturing delays related to the COVID-19 pandemic.
Amazon falls far short on earnings, citing ongoing supply chain crisis
Amazon's earnings fell far short of expectations in its latest earnings report, and CEO Andy Jassy warned investors of "several billion dollars" in additional costs for Q4.
Is there a nationwide flower shortage? California farmers say yes.
Consumer demand for flowers has skyrocketed, but the supply isn't keeping up. That has led to a nationwide flower shortage. One Southern California flower farm says the problem is threefold: not enough workers, not enough truck drivers, and too much demand.
United Airlines to resume selling hard liquor in November
Alcoholic beverages are complimentary in premium cabins on all flights and in Economy Plus on premium transcontinental flights.
Overstock CEO rips Psaki over supply chain crisis: It's 'ludicrous' to say issues caused by consumers
Overstock CEO Jonathan Johnson criticizes White House press secretary Jen Psaki for blaming supply chain disruptions on Americans.
Costco reportedly raises minimum wage to $17 an hour
Costco has raised its minimum wage to $17 an hour this week, according to reports.
California high school truck driver program addresses shortage annihilating supply chain
Patterson High School's supply chain and logistics program focuses on training seniors for truck driving careers.
Is inflation fueling lack in consumer confidence?
Strategic Resource Group Managing Director Burt Flickinger provides insight into consumer sentiment ahead of the holiday shopping season.
Rent the Runway struts its stuff before falling in Wall Street debut
Rent the Runway had a strong showing out of the gate with its market debut on Wednesday, before seeing its share price steadily fall.
What to expect from markets in 2022
Advisor Group chief market strategist Phil Blancato and Eva Agi of Gerber Kawasaki Wealth & Investment Management weigh in on earnings, consumers and the markets.
2021 holiday sales projected to hit new records
The nation’s largest retail trade group projected Wednesday that holiday sales may "shatter previous records" even with the economy facing a range of headwinds including supply chain disruptions, inflationary pressures to widespread labor shortages.
Portfolio manager on third-quarter earnings, supply chain disruptions
George Cipolloni, portfolio manager of Penn Mutual Asset Management, argues the margins of 'a lot of price takers outside of the Big Tech companies' will be impacted by supply chain issues and inflation.
Celtics' Enes Kanter doubles down on accusing Nike of using 'slave labor' from China to make shoes
Boston Celtics center Enes Kanter has doubled down on accusing Nike of using Chinese "slave labor" in the making of the company's shoes.
Houston furniture store owner has millions riding on Astros World Series win
Gallery Furniture owner Jim McIngvale could win nearly $36 million if the Houston Astros win the World Series.
Best cities for Halloween celebrations this year: report
If you want the best Halloween experience this year, New York City might be your best bet, according to WalletHub.
Houston furniture store owner makes big World Series bet
Gallery Furniture owner Jim McIngvale could win nearly $36 million if the Houston Astros win the World Series.
Market strategist argues inflation is 'an increasing problem'
Kyriba's senior strategist, Wolfgang Koester, argues inflation 'will impact earnings, but not all negative' and points to the 'other problem' related to supply chain disruptions, which is 'actually accelerating inflation.'
Zeta CEO predicts strong holiday season, online shopping trends
Zeta CEO David Steinberg on the holiday shopping season, supply chain issues and changing retail trends due to COVID.
Celtics' Enes Kanter torches Nike for remaining 'silent' on China's slave labor
Boston Celtics center Enes Kanter torched Nike in a Twitter video on Monday, lambasting the company for remaining "silent" on slave labor in China.