China’s consumer prices climb as Covid prompts food stockpiling

China's consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | dpa | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in … Read more

April’s consumer price index report expected to show inflation has already peaked

April's consumer price index report expected to show inflation has already peaked

Shoppers inside a grocery store in San Francisco, California, US, on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a … Read more

Oscar-nominated actor James Cromwell glues hand to Starbucks counter during animal rights protest

Oscar-nominated actor James Cromwell glues hand to Starbucks counter during animal rights protest

Strategic Resource Group managing director Burt Flickinger on which businesses are struggling with pandemic exit strategies. Academy Award-nominated actor James Cromwell superglued his palm to a Starbucks countertop in New York on Tuesday morning as part of a People for the Ethical Treatment of Animals (PETA) protest against the coffee chain’s company-wide policy of additional … Read more

Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its latest VC fund – TechCrunch

Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its latest VC fund – TechCrunch

Tiger Global is having a year. According to a new report from Financial Times, the low-flying-yet-seemingly-ubiquitous 21-year-old outfit has seen losses of about $17 billion during this year’s tech stock sell-off. FT notes that’s one of the biggest dollar declines for a hedge fund in history. As shocking, per FT, according to the calculations of … Read more

S&P 500, Nasdaq end higher in choppy session as inflation data looms

S&P 500, Nasdaq end higher in choppy session as inflation data looms

All eyes on US CPI data on Wednesday Peloton falls as CEO says business “thinly capitalized” Indexes: Dow down 0.3%, S&P 500 up 0.3%, Nasdaq up 1% NEW YORK, May 10 (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day’s selloff as Treasury yields … Read more