Stocks

Americans may have to pay the bill for COVID-19 treatments and shots as the Biden administration plans a government pullback.

High inflation has made Americans less inclined to spend on clothing, shoes and other non-essentials, pressuring demand at retailers and leaving them with bloated inventories.

Ryan Cohen of RC Ventures, the second largest investor in Bed Bath and Beyond, filed a proposed sale of his nearly 9.5 million shares.

Bed, Bath & Beyond retail trading activity comes after Chewy.com co-founder and GameStop chairman Ryan Cohen's RC Ventures purchased call options on more than 1.6 million shares.

U.S. retailers including Target and Best Buy Co Inc. cut their profitability forecasts in recent weeks as consumers curtailed spending on items like apparel and electronics.

Lowe's same-store sales decreased 0.3% in the second quarter, compared with analysts' average estimate of a 2.4% increase, according to Refinitiv IBES data.

Traders will have retailers on the mind in Wednesday's session as monthly sales are reported as well as earnings from Lowe's and Target.

Southwest Airlines is offering special fares in an attempt to boost travel once the summer peak season comes to an end. One-way tickets are being offered for as low as $59.

The White House has appointed a special board to try and prevent a strike among major U.S. railroads that could hinder supply chains.

The union movement among Amazon workers is continuing and now includes workers at a warehouse in upstate New York who have filed a petition for a union vote.

Retirement accounts have taken a brutal beating in the volatile 2022 markets, but a new study shows investors are still committing over the long haul.

Bed Bath & Beyond extended gains after an SEC filing showed GameStop investor Ryan Cohen bought call options in the retailer, stoking meme interest.

Walmart's total revenue rose 8.4% to $152.86 billion in the second quarter, helped by demand for food and other essential items. The retailer's stock has fallen over 8% this year.

The largest U.S. home improvement chain's comparable sales rose 5.8% for the second quarter, while analysts had expected a 4.9% growth, according to IBES data from Refinitiv.

Morgan Stanley strategists say the bear market is likely "incomplete," despite the recent relief rally on Wall Street that has seen stocks surge across the board.

FOX Business takes a look at upcoming events likely to move financial markets in the coming days.

The Saudi state oil company reported soaring profits for the second quarter on the back of higher oil prices and refining margins.

Thousands of Zantac users have filed cases against companies including Sanofi, GlaxoSmithKline, Haleon and Pfizer accusing them of failing to properly warn users of the recalled heartburn drugs' health risks.

The National Highway Traffic Safety Administration is looking into a 2020 Ford recall

A federal judge said Peloton Interactive customers will be allowed to prove they overpaid for subscriptions because the exercise equipment and media company allegedly knew on-demand classes would be removed from its digital library.