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Tech and retail stocks lift markets: Dow surges more than 500 points Investors have been struggling to shake off the gloomy economic markers — soaring inflation, rising interest rates, the war in Ukraine, the pandemic — that have largely defined 2022. The S&P 500 briefly tipped into bear ...
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The Jif peanut butter recall is pulling a cascade of other products from store shelves J.M. Smucker Co., Jif's parent company, issued the initial voluntary recall last week, after the Food and Drug Administration traced a salmonella outbreak to a manufacturing facility in Lexington, Ky.
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20 Stocks Experts Say Will Help Investors Beat A Bear Market With stocks on track for one of their worst years in recent history amid concerns around persistent inflation, rate hikes from the Federal Reserve and rising recession risks, top firms on Wall Street say investors should turn to defensive stocks with ...
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Instacart: Baby formula searches surging as store shelves remain empty Instacart said searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is struggling to fulfill orders because its stores remain severely understocked amid the ongoing national formula shortage.
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US Economy Shrank 1.5% Last Quarter In Worst Showing Since Covid Recession, New GDP Estimate Shows The economy last quarter posted its worst annualized showing since the pandemic-induced recession in 2020, the government said in an updated release Thursday, blaming an unexpected decline in economic activity on the omicron variant of Covid-19 and ...
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Google hit by second UK antitrust probe into online ad dominance It's the second major antitrust probe targeting Google's ad practices in the U.K.; The CMA wants powers to scrutinize anti-competitive behavior from tech giants more closely under a new regulatory body.
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Baby formula supply should return to normal in two months, FDA commissioner says FDA Commissioner Dr. Robert Califf said it will take about two months for shelves to be full with baby formula again. Abbott plans to resume production at its plant in Sturgis, Michigan, on June 4, and it will start shipping out its specialty formula ...
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Stranded fossil-fuel assets translate to major losses for investors in advanced economies We trace the equity risk ownership from 43,439 oil and gas production assets through a global equity network of 1.8 million companies to their ultimate owners. Most of the market risk falls on private investors, overwhelmingly in OECD countries, including ...
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SEC proposes new guidelines for ESG investing The Securities and Exchange Commission is poised to deliver some tough love to major investment firms: No more flashy green marketing — at least not without proof. A majority of SEC commissioners voted yesterday to advance two draft rules that are ...
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Several food companies pull products linked to Jif peanut butter recall (CNN) Food companies across the US are recalling products in the wake of a Jif peanut butter recall over Salmonella contamination concerns. Among them: Fudgeamentals of Melville, New York, is recalling fudge made with Jif. Fresh Del Monte is recalling ...
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