I'm the U.S. editor at Reuters' opinion section, Breakingviews. I got here via London, Beijing and Hong Kong. We write views not news; these ones are mine.
The rising dollar is eating into profits and stock prices. Even so, the Fed and White House have tended to let the dollar do its thing. What investors lose today, they’re likely to regain tomorrow, says
@johnsfoley
.
PODCAST: Walmart’s market value fell $35 billion amid a profit warning.
@johnsfoley
and
@sharonlam_
join
@aimeedonnellan
to discuss how customers shifting to low-margin food is a harbinger for rivals.
Plus: Unilever’s pricey remedy.
Listen here
WATCH: From
@Breakingviews
: Walmart shed around $35 billion of market value after saying consumers are refocusing on food, rather than more profitable items. When the supermarket giant gets it wrong, something big has shifted,
@johnsfoley
explains
From
@Breakingviews
: Walmart’s profit warning is an unambiguous sign that rising prices are forcing regular Americans to change their habits. Investors in U.S. consumer stocks will be doing the same, writes
@johnsfoley
From
@Breakingviews
: After GE’s second-quarter revenue and profit were hit by inflation, war and supply problems, boss Larry Culp will miss a key cash-flow target. If not for his tireless tinkering under the hood, things would be worse, says
@johnsfoley
Twitter courtwatch: here's a
@breakingviews
chart showing the market-implied probability of Musk paying $54.20 a share. (It's low, but not as low as it was.) This updates daily based on previous closing price.
JPMorgan and Morgan Stanley reported big drops in deal fees, offset by trading gains. A return to more normal levels of revenue, but with the higher profitability investors now expect, means painful trade-offs ahead, says
@johnsfoley
.
What will big companies do in US states that ban abortion following Friday's Supreme Court ruling? The same as they've always done in emerging markets with illiberal policies.
@reuters
@breakingviews
From
@Breakingviews
: BlackRock is offering its customers more power over the companies they invest in. The trouble is many of them don’t seem to want it, says
@johnsfoley