May retail sales rise 0.1%, weaker than expected
Retail sales were expected to rise 0.2% in May, according to the Dow Jones consensus estimate.
Disease, drought and alternative fruits: The orange juice industry is in crisis
The crisis has even prompted some orange juice manufacturers and blenders to explore whether alternative fruits can be used to make the breakfast staple.
Treasury yields retreat as weak retail sales raise concerns about consumer
U.S. Treasury bond yields fell Tuesday following the release of May retail sales data.
FDA approves Merck vaccine designed to protect adults from bacteria that can cause pneumonia, serious infections
Merck’s shot protects against 21 strains of that bacteria to prevent a severe form of pneumococcal disease and a lung infection called pneumonia.
Goldman gives its four scenarios for year-end, from a megacap super rally to a recession-driven decline
In its base case, the Wall Street investment bank anticipates the S&P 500 has further to climb. But it also laid out several alternative outcomes.
AI hype is supportive of stock valuations, but cracks are emerging elsewhere, warns Schwab’s Sonders
Sonders said market churn and under-the-surface weakness could persist for a while.
How Eli Lilly is managing soaring demand for GLP-1s, according to outgoing CFO Anat Ashkenazi
Ashkenazi has been key to managing the windfall in revenue and wave of investor optimism from Eli Lilly’s diabetes injection Mounjaro and obesity drug Zepbound.
How immigrants are helping keep job growth hot while inflation cools
Recent spikes in immigration at the southern border and elsewhere in the U.S. have helped to keep the labor pool full, even as job gains kept apace.
Major heat wave to expand from Midwest to East Coast, bringing warnings to 72 million
‘The duration of this heat wave is notable and potentially the longest experienced in decades for some locations,’ the National Weather Service said.
