Philips stock slumps 8% after issuing profit warning
admin Shares of Philips dropped 8% to their lowest level since 2012 after the Dutch tech…
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Winter is coming for Europe’s auto industry, which faces an output fall of one million due to supply energy woes
Europe’s auto industry faces not only a difficult winter but a tough 2023 as well,…
Read MoreOpinion: Food inflation has soared in the U.S. And now farmers are planting wheat in the most expensive harvest ever
U.S. farmers are planting wheat during a critical time, as food prices remain high because…
Read MoreOpinion: The U.S. needs a unified energy industry to deal with soaring oil prices, OPEC+ and climate change
Americans are paying 25% more for gasoline than they did a year ago. Higher gas…
Read MoreOpinion: The opioid epidemic is costing us $1.5 trillion a year. And we’re spending peanuts to fight it.
The U.S. economy is being battered on all sides: Inflation, snarled supply chains, severe labor…
Read MoreOpinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation…
Read MoreNike earnings beat, but stock falls as margins take hit due to markdowns in inventory-clearing effort
Nike Inc. on Thursday reported earnings and sales that topped expectations, but shares declined in…
Read MoreNike earnings beat, but stock falls as margins take hit due to markdowns in inventory-clearing effort
Nike Inc. on Thursday reported earnings and sales that topped expectations, but shares declined in…
Read MoreNike earnings preview: Why analysts are trimming profit forecasts
Nike Inc. is slated to report fiscal first-quarter results on Thursday after the bell, with…
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Opinion: The Fed needs to jack up interest rates a lot more to bring inflation back under control
The Federal Reserve must do more to fight inflation in an economy radically changed by…
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