Tuesday, May 24, 2022

Here's another troubling reason inflation will be hard to fight

One of the many buzzwords percolating around Davos this week is "fragmentation," the force economists there warned could have "devastating human consequences."
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Here's another troubling reason inflation will be hard to fight
One of the many buzzwords percolating around Davos this week is "fragmentation," the force economists there warned could have "devastating human consequences." Read more »
 
Is the summer vacation boom over before it even began?
This summer has long been forecast as a potential boom time for the travel industry. Retailers and economists have been talking a lot about how consumers are starting to buy less stuff and are instead spending more on vacations and other experiences. Read more »
 
Coca-Cola is discontinuing Honest Tea
First Coca-Cola cut Tab, Odwalla and Zico coconut water. Now, Honest Tea is getting axed. Read more »
 
Walmart apologizes for selling Juneteenth ice cream
Walmart's attempt to commemorate Juneteenth with a new ice cream didn't go over so well. Read more »
 
Social media stocks plunge on Snapchat warning
Wall Street was not in a particularly social mood Tuesday. Social media stocks plummeted following an ominous earnings warning from Snapchat's parent company. Read more »
 
UK household energy bills set to rise by another 40%
Brits are bracing for another huge hike in their energy bills, and pressure is mounting on the UK government to impose a windfall tax on big suppliers to help offset some of the pain. Read more »
 
 
 
 
Dow Nasdaq S&P
+48.38   -270.83   -32.27
31,928.62   11,264.45   3,941.48
+0.15%   -2.35%   -0.81%
YTD -12.14%   YTD -28.00%   YTD -17.30%
 
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Autozone Inc +5.82%
 
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Philip Morris International Inc +3.61%
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Norwegian Cruise Line Holdings Ltd -11.99%
 
Carnival Corp -10.30%
 
Royal Caribbean Cruises Ltd -10.20%
 
Omnicom Group Inc -8.42%
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Oil $110.14 -0.15 / -0.14%
Gold $1,865.30 +17.50 / +0.95%
10-yr 2.76% -0.10
Euro $1.07 +0.01 / +0.49%
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