JACKSON, Miss.—Residents in several towns across Louisiana and Mississippi took cover as tornado sirens blared late Tuesday, and forecasters warned of the threat of strong twisters capable of tracking long distances on the ground as a severe weather outbreak erupted in the Deep South. There were no immediate reports of severe damage or injuries as […]
Amazon stock fell nearly 7 percent Friday after tumbling 17 percent Thursday. That wiped out $190 billion in market capitalization. This came after the retail and technology heavyweight projected a holiday slump that would leave current-quarter sales below Wall Street estimates.
The Federal Reserve’s fight against inflation will spark a recession in the United States that begins late next year, Deutsche Bank warned on Tuesday. The recession call—the first from a major bank—reflects growing concern that the Fed will hit the brakes on the economy so hard that it will inadvertently end the recovery that began […]
Pfizer on Tuesday said it expects to see continued demand for its products this year, forecasting $54 billion in combined sales of its COVID-19 vaccine shots and antiviral pills. The American pharmaceutical and biotechnology giant said it expects to sell $32 billion of its vaccinations and $22 billion of its antiviral COVID-19 treatment pill Paxlovid in […]
LONDON—JPMorgan cuts its fourth quarter growth forecast for China to 4.0 percent quarter-on-quarter from 5.0 percent on Friday, citing the impact of power shortages and the recurrence of COVID-19 clusters hitting consumer spending and services. “Looking back, we have downgraded China’s growth forecasts five times since August,” JPMorgan’s Haibin Zhu said in a note, adding […]
Western states are bracing for more scorching weather this weekend after the hottest month of June on record in the United States killed scores of people, strained electric grids and depleted reservoirs. The National Weather Service has issued an excessive heat warning for much of the West through Monday evening, predicting “dangerously hot conditions” including […]
Hurricane season started less than two weeks ago and there’s already something catching the attention of the National Hurricane Center. An area of low pressure in the Gulf of Mexico, which is presently disorganized, should be monitored, especially along the Gulf Coast through the end of next week. Possible US Impact “Subsequent slow development of […]
