• FTC launches investigation into infant formula shortage0

    A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that have already strained the countrys formula stock, an issue that was further exacerbated by a major product recall in February. Jim

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  • Nordstrom (JWN) reports Q1 2022 losses0

    Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now sees fiscal 2022 revenue, including credit card sales, up 6% to 8%, compared with a prior

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  • U.S. bars Russia from paying bondholders through American banks, increasing default risk0

    The Kremlin towers and Ivan the Great Cathedral in Moscow. Kirill Kudryavtsev | Afp | Getty Images The Biden administration will ban Russia’s government from paying bondholders through American banks starting Wednesday morning, the Treasury Department said. The move increases the odds that Russia will default on its outstanding debt. It is the latest sanction

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  • When the market was tanking, these stocks were hitting all-time highs0

    While market losses were racking up, this group of stocks was breaking out to all-time highs and looks set for even more gains. The group is Big Pharma. It’s been long viewed as stodgy by investors looking for quicker price gains. Recently, however, as other stocks slid, these companies have become more attractive because of

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  • Snap, Abercrombie & Fitch, Roblox and more0

    A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap — Shares of Snapchat’s parent company plummeted 41.2% after

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  • Snowflake is cheap at these levels and can go up 84%, Rosenblatt Securities says0

    It’s time to jump in and buy Snowflake after the cloud computing company’s 59% drop this year, according to Rosenblatt Securities. Analyst Blair Abernethy upgraded shares of Snowflake to buy from neutral, saying ahead of the company’s quarterly earnings report this week that the stock is cheap at current valuations — even after the analyst

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