NEW YORK—Labor shortages may be the most intractable of the cost risks that companies faced in the latest quarter, and as the earnings season moves into its peak there are signs the problem will persist, some strategists say. Finding and paying for workers is a challenge investors are paying close attention to as third-quarter results…
Toilet Paper, Tissues, Diapers About to Get More Expensive: Consumer Goods Company
Consumer goods manufacturer Kimberly-Clark Corp. said it is planning to raise prices for the second time this year due to “significant inflation,” according to its CEO. The company, which makes Kleenex and Huggies diapers, expects input costs to rise by $1.4 billion to $1.5 billion during the current fiscal year, which is above a prior estimate…
Consumer Confidence Jumps as Labor Market Optimism Outweighs Inflation Concerns
U.S. consumer confidence rose in October after three consecutive months of declines, as a spike in concerns about inflation was outweighed by upbeat sentiment in financial and jobs prospects. The Conference Board said in an Oct. 26 report that its headline consumer confidence index rose to a reading of 113.8 in October, up from 109.8 in…
TV Production Business Boosts Hasbro as Toy Shipments Take a Hit
October 26, 2021
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Hasbro Inc. beat quarterly profit estimates on Tuesday, helped by a rebound in its TV and film production business that cushioned some of the impact from toy shipment delays due to global supply chain bottlenecks. The toymaker’s shares rose 5 percent in early trading, despite the company’s warning that its sales could take a hit…
GM to Resume Limited Production at EV Plant in Michigan
October 26, 2021
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WASHINGTON—General Motors Co. said Tuesday it will resume limited production for two weeks at its Orion Assembly plant in Michigan, which has been shuttered since August and builds the electric vehicle Chevrolet Bolt. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules and…
UBS Plans Digital Banking Model for the Mass Affluent in America
ZURICH—UBS wants to build a digitally scalable advice model for affluent clients in the Americas, it said on Tuesday as it reported third-quarter earnings. As part of its new 2025 strategic vision, which Chief Executive Ralph Hamers said would be presented in February, the bank intends to provide wealthy clients in the Americas with a…
US New Home Sales Hit Six-Month High; Median Price Stays Above $400,000
WASHINGTON—Sales of new U.S. single-family homes surged to a six-month high in September, but higher house price are making homeownership less affordable for some first-time buyers. New home sales jumped 14.0 percent to a seasonally adjusted annual rate of 800,000 units last month, the highest level since March, the Commerce Department said on Tuesday. August’s…
GM to Boost EV Profile With 40,000 Charging Stations in US, Canada
October 26, 2021
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General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States and Canada, as part of the automaker’s $750 million commitments to bolster its presence in the rapidly growing sector. The announcement comes just months after the No. 1 U.S. automaker said it had signed agreements with some…
Global Supply Chain Logjams, Costs in Focus as Restaurant Chains Report Earnings
October 26, 2021
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NEW YORK—Investors hope to gauge the impact of the global supply-chain logjam on restaurant expansion plans when McDonald’s Corp., Starbucks Corp., and Yum Brands Inc. report capital expenditures in their earnings this week. Skyrocketing prices for kitchen equipment—as well as for labor, food, and other goods—are prompting some U.S. restaurant chains to curtail opening plans…
Allan Inquiry: US NGO Claimed Role in Defeating Conservative Party in 2015
October 26, 2021
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In 2016, a foreign-based organization financed by foreign-based foundations claimed the anti-pipeline campaign it co-ordinated “played a role in helping to unseat the Conservative Party in Alberta and nationally.” This finding was among the examples of political activism by environmental groups revealed in the Alberta government’s inquiry into campaigns against the province’s energy sector, released…
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