News

Bloated inventory spurs the second forecast reduction in three weeks.

As imports fell amid China's Covid lockdowns and U.S. exports grew, the U.S. trade deficit shrunk by 19.1% in April.

She points to slowing growth in the core inflation rate as indicating that price hikes are moderating. Still, in this geopolitical climate, "we can't rule out further shocks."

"When interest rates are at or close to zero, it's very easy to get credit and the difference between a good company and a bad company is narrow. When the tide runs out, you figure out who is swimming naked."

Adjusted pretax profits decreased by an annualized 2.3% in Q1, although without the adjustment, after-tax profits increased 1.5%.

So far this year, 6 of 30 environmental proposals and 10 of 107 social proposals have passed, according to the latest ESG shareholder proposal study from Georgeson.

"The companies I've run across and worked with are all looking for ways to be 'best in class' corporate citizens in this area, and are open to engaging in a dialogue about what they can do better, and what it takes to be leaders," said Marc Treviño, co-head of Sullivan & Cromwell's corporate governance practice.

As the number of infections dropped significantly over the weekend, officials made plans to reduce some Covid Zero protections.