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What To Watch As First-Quarter Earnings Season Starts Expectations going into this reporting season are modest, with earnings slated to grow at about 4% year-over-year. The items weighing on earnings include slowing economic growth, rising labor and input costs, Ukraine, China's zero-Covid policy, supply ...
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Jobs report fuels White House optimism that recession will be averted President Biden and his top surrogates have argued for months that economic growth and hiring are strong enough to overcome the Federal Reserve's moves to raise interest rates. That narrative has been viewed skeptically by many economists and Wall ...
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Second time's a charm? Baby formula plant at center of shortages quietly reopened July 1 The Abbott Nutrition plant at the center of the ongoing baby formula shortages in the U.S. restarted operations a week ago, but the company has yet to disclose its reopening to the public. Four people, including a Biden administration official with ...
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Abbott reopens Michigan baby formula plant after flooding One of the nation's largest suppliers of baby formula has reopened its Sturgis, Mich., plant after severe flooding from heavy rains forced it to temporarily shut down in mid-June. The Abbott Nutrition facility reopened July 1 and began producing ...
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