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Retail Snapshot: Walmart expects inflation and excessive inventory to continue to pressure its financial performance for the remainder of its fiscal year; retailer will prioritize keeping prices on food and consumables down in response to consumer demand
Published: August 17, 2022 by Industry Intelligence Inc.
Bank of America: Sustained bull market remains unlikely though S&P 500 has surged more than 16% since hitting low this year on June 16; no bear market since at least 1935 has ever ended when inflation and stocks are as high as they are now
Published: August 17, 2022 by Forbes Inc.
Goldman Sachs sees 60% chance of Europe slipping into recession within 12 months versus 35% for UK and 30% for US, as energy crisis risks plunging Europe into economic downturn; commodity crunch will likely mean prices continue to soar in both EU and UK
Published: August 17, 2022 by Business Insider
Commentary: Americans turning to cosmetics to beat inflation blues could help quarterly sales of Estee Lauder, Coty; Morningstar expects higher-end makeup, fragrances to be particularly resilient as higher-income clients remain mostly immune to inflation
Published: August 17, 2022 by International Business Times
BofA's survey of fund managers finds 88% expect lower inflation over next 12 months; sentiment remains bearish, but is no longer apocalyptically bearish as hopes rise that inflation and rate shocks will end in coming quarters
Published: August 17, 2022 by CE NAFTA 2.0 Newswire

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