Stock Markets, Business News, Financials, Earnings

Broad Selloff Sinks S&P 500 and Nasdaq 4% Deeper
U.S. indexes dropped sharply on the growing worries that financially strapped consumers, supply disrupted companies, and elevated energy prices are slowing the economy faster than anticipated by investors.
May 18
European Markets Drop 1%, Car Registrations Drop for the 4th Month
European markets declined more than 1% after the U.K. inflation accelerated in April to the fastest pace in nearly four decades. Elevated energy prices and supply chain disruptions also weighed on the market sentiment.
May 18

Cisco Reports Flat Quarterly Sales, Guides Q4 Sales to Fall
Cisco Systems reported flat quarterly sales and guided sales decline in the current quarter ending in July. The networking company returned $1.8 billion to shareholders in the fiscal third quarter. CSCO
May 18
Lowe's Sales Fall On Colder Weather and Financially Strapped Consumer
Lowe's Companies reported weaker than expected sales and earnings after comparable sales fell in the quarter on tough comparison. Customers also searched for energy efficient products. LOW
May 18

JetBlue Hopes Direct Offer Will Convince Spirit Shareholders to Vote Against Frontier Merger
JetBlue took its offer directly to Spirit shareholders and hopes that the lowered $30 a share will convince shareholders to vote against a merger with the rival Frontier Group. JBLU SAVE ULCC AAL DAL
May 16
Carlyle Agrees to Acquire ManTech for $4 Billion
ManTech International, the defense contractor with a backlog of $10 billion, agreed to be acquired by Carlyle Group for $4.2 billion. MANT CG
May 16

April Retail Sales Extend 2022 Advance
April retail sales rose 0.9% from March and rose 8.2% from a year ago. March retail sales increase was revised higher.
May 17
Producer Prices Ease but Remain Elevated at 11%
Producer price index eased in April but stayed near the elevated level in March. The index for final demand for services was unchanged after rising at 1.2% in March.
May 12

India Bans Wheat Exports Reacting to Heat Wave and Domestic Food Price Surge
India placed a temporary ban on unregulated wheat exports after the latest heat wave began affecting production and food price surged in recent months.
May 14
India's Inflation Reaches 8-Year High In April After Western Sanctions Sustain Higher Oil Prices
Elevated inflation in April was driven by not just the increase in food and energy prices but also stubborn price increases in health and education services.
May 14