Price hikes, recession fears and a profusion of brands had already taken the fizz out of craft beer sales. Now Bud Light has sparked a conservative backlash.
: Amazon workers’ serious-injury rates still double those of other warehouse workers, study shows
A new report, which found slight improvement in Amazon injury rates, coincides with a shareholder resolution calling for an independent health-and-safety audit.
: Tesla earnings: ‘Warpath’ on prices puts margins in the spotlight
Investors will parse the effect of recent price cuts on Tesla’s margins and will be keen to hear comments around demand for the company’s EVs.
: U.S. budget deficit hits $1.1 trillion in first half of fiscal year, Treasury says
The U.S. budget deficit hit $1.1 trillion in the first half of fiscal year 2023, the Treasury Department said Wednesday, up 63% from a year ago.
Market Extra: U.S. stock market ‘pretty expensive’ as investors parse inflation report in choppy trade
U.S. stocks have been choppy Wednesday, as investors parse a consumer-price index report that showed inflation remains sticky despite some signs of easing.
The Margin: With coke-snorting Oscar, ‘Plastic Jesus’ lays into Hollywood and drug abuse
: National CineMedia goes bankrupt and the stock more than doubles on massive volume
National CineMedia’s stock price has nearly quadrupled in two days, as the company’s bankruptcy filing was offset by an upbeat revenue outlook.
The Fed: Fed officials at March meeting were keenly worried about impact of bank stress on economy
Federal Reserve officials were worried at their March meeting that the recent stress in the bank sector would lower U.S. economic growth.
Market Extra: Walmart borrowing $5 billion in debt highlights a thaw in a crucial area of financial markets
Retail giant Walmart borrows $5 billion in the corporate bond market on Wednesday, as credit markets reawaken after the collapse of Silicon Valley Bank.
Metals Stocks: Gold futures settle at a nearly 1-week high after U.S. inflation reading
Gold futures settle Wednesday at their highest in nearly a week as U.S. data showed a slowdown in the the yearly rate of inflation.
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