Kroger hikes forecast after stronger grocery sales top estimates

In this article KR Follow your favorite stocksCREATE FREE ACCOUNT The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Kroger on Thursday raised its forecast for the year after stronger third-quarter sales topped Wall Street expectations and inflation continued to push up the prices shoppers pay for milk, eggs and…

China signals slight Covid policy easing — but don’t expect sweeping changes yet

Customers dine in at a McDonald’s in Guangzhou on Dec. 1, 2022, a day after the city eased Covid restrictions on restaurant operations. Yin Hon Chow | CNBC BEIJING — A trickle of changes around China’s Covid controls in the last 24 hours has raised hopes that broader relaxation is on its way. Local state…

Stocks making the biggest moves premarket: Designer Brands, Lands’ End, Salesforce and more

In this article DBI DG CRM KR SNOW LE COST SPLK FIVE Follow your favorite stocksCREATE FREE ACCOUNT Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Bryan Bedder | Getty Images Check out the companies making…

Long Covid may be ‘the next public health disaster’ — with a $3.7 trillion economic impact rivaling the Great Recession

Sam Norpel and her family. Norpel, 48, second from the right, got Covid-19 in December 2021 and hasn’t recovered. This chronic illness, known as long Covid, impacts up to 23 million Americans. Kirstie Donohue Sam Norpel used to present regular financial updates to C-suite executives. Now, unpredictable bouts of broken, staccato speech make that impossible…

‘It’s a work in progress.’ How Covid has changed the life insurance marketplace

Family and friends gather in San Felipe, Texas, for the Jan. 26, 2021, funeral of Gregory Blanks, 50, who died of Covid-19. Callaghan O’Hare | Reuters As Americans brace for the third winter of the Covid-19 pandemic, many are still grappling with ongoing related health and financial issues — including insurance battles over long Covid…

Millions suffer from long Covid — and it costs them $9,000 a year in health-care expenses, on average

The Covid-19 unit at United Memorial Medical Center in north Houston. Carolyn Cole | Los Angeles Times | Getty Images Long Covid has affected as many as 23 million Americans to date — and it’s poised to have a financial impact rivaling or exceeding that of the Great Recession. By one estimate, the chronic illness…

Delta is making it harder to get into its airport lounges after they were flooded by travelers

In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT The Sky Lounge during a tour of Delta Air Lines Terminal C at LaGuardia Airport (LGA) in the Queens borough of New York, on Wednesday, June 1, 2022. Stephanie Keith | Bloomberg | Getty Images Delta Air Lines is making the most exclusive corners of…

House approves tentative labor deal to avoid rail strike, sends to Senate

A rail employee works a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images The House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike. The bill now goes to the Senate, where Majority Leader Chuck Schumer, D-N.Y.,…

Snowflake shares tumble on light product revenue guidance

In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Snowflake (NYSE:SNOW), on Tues. Dec 21st, 2021, to usher in the first day of winter. To honor the occasion, Snowflake the bear, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Shares of…

Salesforce stock falls over 5% on earnings and sudden departure of co-CEO Bret Taylor

In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Salesforce cofounder and co-CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, Calif., Tuesday, May 22, 2018. Karl Mondon | Bay Area News Group | Getty Images Salesforce reported earnings and revenue on Wednesday that beat…

Fed Chair Powell says smaller interest rate hikes could start in December

WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. Echoing recent statements from other central bank officials and comments at the November Fed meeting, Powell said he sees the central bank in position to…