Stock Markets, Business News, Financials, Earnings

S&P 500 Touches Bear Zone, Nasdaq Extends Six Month Loss to 30%
Popular indexes after another day of wild swings stayed near the flat but extended weekly losses not seen in decades. The S&P 500 briefly touched the bear territory and the Dow logged its eighth weekly loss, the longest streak since 1932.
May 20
Movers: Applied Materials, Deckers, Deere, Ollie's, Palo Alto, Ross, Tesla, VF Corp
Deckers Outdoor bucked the trend and reported strong quarterly results however Ross Stores plunged after lowering outlook. Foot Locker results beat expectations. VF Corp estimated a positive annual outlook. AMAT DECK DE ROST VFC
May 20

Bath & Body Works Lowers Outlook, Adds 18 New Stores
Bath & Body Works said quarterly sales edged lower after the pandemic stimulus fueled sales increase waned and guided lower earnings in the current quarter and for the full-year. BBBY
May 19
Children's Place Net Drops 56%, Cuts Sales Outlook
Children's Place reported a sharp decline in sales after record low temperatures and thin wallets kept consumers away. The retailer lowered annual sales outlook and plans to close 50 stores in the year. PLCE
May 19

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

Record Prices and Higher Rates Slowdown Home Sales
Home sales in April declined from a year ago and from the previous month and median home price rose to $391,200. The record pace of home sales has been declining and fell for the third month in a row and dropped to the lowest in nearly two years.
May 19
Weekly Jobless Claims Rise for Third Month In a Row
U.S. weekly jobless claims rose for the third month in a row as small employers trim workforce amid rising wage pressures.
May 19

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