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Retailers’ troubles sound alarm for economy

NEW YORK — The fastest inflation in 40 years squeezed retailers during the first quarter, alarming investors worried about the broader economy's outlook. Earnings reports from Walmart, Target and Amazon this month showed higher costs are hurting retailers' operations. While profits for all companies in the benchmark S&P 500 index grew by about 9% last quarter, retailers' profits contracted more than 30% from a year ago. They blamed rising costs for raw materials, shipping and labor for the slump. The weak results surprised investors who were closely watching the sector to see ...

Hudock named among America’s top financial advisors

Barron’s and Forbes again recognized Barbara B. Hudock, CEO and founding partner of Hudock Capital Group, among the highest ranked financial advisors in Pennsylvania and America. In March, Barron’s included Hudock in its 2022 list of America’s Top 1,200 Financial Advisors, including ...

Kohl’s cuts annual forecast after inflation hit

NEW YORK — Kohl's Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announced Thursday, came as it reported fiscal first-quarter results that came below analysts' expectations. Sales at stores opened at least year, a key measure, dropped 5.2% as shoppers scrutinized their purchases. Like many department stores, Kohl's had struggled before the pandemic, but the health crisis wielded a big blow to sales. The company's business was rebounding as customers were going out to social ...

Printing business brings fresh ideas, products

Labels by Pulizzi has been a mainstay in Williamsport for more than 50 years, and with new owners in place, plans are to continue serving longtime customers while introducing its products to more people. Meanwhile, Vincent and Selina Puluzzi plan to bring fresh energy to the printing ...

US hiring was likely strong again in April despite inflation

WASHINGTON (AP) — For the past year, America’s job market has run like a well-engineered machine, adding an impressive average of 540,000 workers a month despite a punishing inflation rate, Russia’s ruinous war against Ukraine, a still-risky pandemic, jittery financial markets and the prospect of much higher borrowing costs. Hiring gains have topped 400,000 every month since May 2021. And most economists think the winning streak has continued: According to a survey by the data firm FactSet, they expect Friday’s jobs report for April to show that employers added 400,000 more ...