It’s not possible to nominate a legacy contact on Elon Musk’s social media site. But family members or an authorized person can submit a
fell 6.4% after the retailer withdrew its financial outlook for the year citing “macro uncertainty.” General Motors, UPS, Kraft Heinz and JetBlue are among the many companies representing a wide range of industries that haveand a weakening economy.
More than 90% of companies in the S&P 500 have reported earnings for their latest quarter. The majority of companies have reported better-than-expected earnings, but forecasts for earnings growth during the current quarter have been broadly cut in half for companies in the index.The economy has already showed signs of slowing. It shrank 0.3% during the first quarter amid a surge of imports as businesses and consumers tried to stock up amid tariffs and policy uncertainty.Inflation remains a big concern. The latest data on consumer prices released Tuesday showed that tariffs haven’t had much impact yet. But that could change as the impact of current tariffs make their way through supply chains and delayed tariffs potentially go into effect. Inflation has cooled to just above the Federal Reserve’s target of 2%, but the threat of higher prices on goods because of import taxes has heightened worries about inflation heating up.
The U.S. on Thursday will release its April report for inflation at the wholesale level, which is what companies are paying for goods. Economists expect an easing of inflation there.The latest update Thursday for retail sales is expected to reflect a sharp drop to 0.2% in April from 1.4% the previous month.
Retail giant Walmart will also report its latest financial results on Thursday and its financial forecasts will be closely watched.
In the bond market, Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.54% from 4.47% late Tuesday. The two-year Treasury yield, which moves more closely with expectations for Fed action, rose to 4.06% from 4.00% late Tuesday.“It’s a story about power,” Petrotta said, adding that she was “impressed by the analytical way” the book described the phenomenon.
An interior view of Villa 31 where the late communist dictator Enver Hoxha, once a symbol of totalitarian rule used to live, in Tirana, Albania, Friday, Feb. 7, 2025. (AP Photo/Vlasov Sulaj)An interior view of Villa 31 where the late communist dictator Enver Hoxha, once a symbol of totalitarian rule used to live, in Tirana, Albania, Friday, Feb. 7, 2025. (AP Photo/Vlasov Sulaj)
Nita Deda, manager of Art Explora works at her computer at Villa 31 where the late communist dictator Enver Hoxha, once a symbol of totalitarian rule used to live, in Tirana, Albania, Friday, Feb. 7, 2025. (AP Photo/Vlasov Sulaj)Nita Deda, manager of Art Explora works at her computer at Villa 31 where the late communist dictator Enver Hoxha, once a symbol of totalitarian rule used to live, in Tirana, Albania, Friday, Feb. 7, 2025. (AP Photo/Vlasov Sulaj)