U.S. stocks closed lower Tuesday as investors digested a profit warning from Walmart ahead of the Federal Reserve’s policy decision on interest rate hikes aimed at curbing high inflation. The Read more
Tag: sharply
U.S. stocks open sharply lower after June CPI data showed inflation was higher than expected
U.S. stocks opened sharply lower after the consumer-price index showed inflation rose in June more than expected, with the annual rate climbing to a nearly 41-year high of 9.1%. The Read more
Klarna raises $800 million in financing at $6.7 billion valuation, down sharply from $45.6 billion in June 2021
Klarna Bank AB said Monday it has raised $800 million in financing at a valuation of $6.7 billion. The Swedish buy-now-pay-later payments provider said it has not been immune to Read more
Chicago PMI down sharply in June
The Chicago Business Barometer, also known as the Chicago PMI, fell to 56 in June from 60.3 in the prior month. Economists polled by the Wall Street Journal forecast a Read more
Consumer spending slows sharply as inflation hits home
The numbers: Americans increased spending in May by just 0.2% — the smallest increase in 2022 — as high inflation made them more cautious about what they buy and how much. Read more