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Economy, Stocks

“Bed Bath & Beyond shares dive more than 25% as supply chain issues hit sales, inflation eats into profits”

“…Here’s how Bed Bath & Beyond did in its second quarter ended Aug. 28 compared with what Wall Street was expecting, based on a Refinitiv survey of analysts: Earnings per share: 4 cents adjusted vs. 52 cents expected Revenue: $1.99… Continue Reading…

Economy

“Solar prices jumped in the second quarter, reversing recent trends, on material costs and supply chain issues”

“… Supply chain bottlenecks and rising raw materials costs are hitting the solar industry. Prices rose quarter over quarter and year over year during the second quarter across residential, commercial and utility-scale solar for the first time since Wood Mackenzie… Continue Reading…

Economy

“Supply bottlenecks keep heat on U.S. producer prices”

“U.S. producer prices increased solidly in August, leading to the biggest annual gain in nearly 11 years, suggesting that high inflation is likely to persist for a while as the unrelenting COVID-19 pandemic continues to pressure supply chains. There are,… Continue Reading…

Business, Stocks

“Dunkin’ stock soars after chain confirms sale talks with Inspire Brands”

“Shares of Dunkin’ surged 15% Monday after the company confirmed sale talks with Inspire Brands, the privately held owner of Arby’s and Jimmy John’s. The New York Times, which broke the news of the discussions, reported that the deal is valued at… Continue Reading…

Business, Economy

“Nvidia, AMD, Intel Tumble After Microsoft’s Virus-Related Sales Warning”

“Shares of chipmakers that make processors for personal computers and other devices that run on Microsoft software plunged on Thursday after the world’s most valuable tech company warned the coronavirus will have a negative impact on sales and earnings. Shares… Continue Reading…