Just because the Federal Reserve is nearing its inflation goal doesn't mean the problem is solved, as the high price of goods and services across the U.S. economy continues to pose a burden for individuals, businesses and policymakers. Recent price reports on goods and services, despite being a bit stronger...
Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company's organic sales in Greater China, its second-largest market, fell 15% in the fiscal first quarter. As home prices drop and jobless rates rise in the country, shoppers have pulled back...
CVS replaces CEO Karen Lynch with exec David Joyner as profits, share price suffer
Longtime CVS Health executive David Joyner has succeeded Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, the day before the announcement, comes as CVS shares have fallen nearly 20% this year. The stock closed around 5%...
Retail sales rose 0.4% in September, better than expected; jobless claims dip
Consumer spending held up in September, underscoring a resilient economy that is now getting a boost from the Federal Reserve, the Commerce Department reported Thursday. Retail sales increased a seasonally adjusted 0.4% on the month, up from the unrevised 0.1% gain in August and better than the 0.3% Dow Jones...