August 16, 2023

Markets Now

What are 'Big Short' Michael Burry and Warren Buffett seeing that we aren't?The S&P 500 index is up nearly 17% year to date, and the Nasdaq composite is more than 30% higher. Americans keep spending money, unemployment is low, the Federal Reserve may soon pause its painful interest rate hikes as inflation rates steadily — albeit slowly — come down.
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A Vietnamese electric carmaker is now worth more than Volkswagen and FordOne of Vietnam’s biggest automakers has made a big splash on its entry to Wall Street, pushing its market capitalization above that of industry giants such as Volkswagen and Ford.
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Pride Month backlash hurt Target's sales. They fell for the first time in six yearsTarget’s quarterly sales fell for the first time in six years as consumers pulled back on discretionary goods and fierce right-wing backlash to Target’s Pride Month collection took a toll on the brand.
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Aldi is buying 400 Winn-Dixie and Harveys supermarketsGrocery shoppers in the Southeast can expect to see more Aldi stores starting 2024.
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27 Boston Market restaurants ordered closed in New Jersey for unpaid wagesNew Jersey ordered more than two dozen Boston Market locations to close Tuesday because regulators found “multiple violations of workers’ rights,” including failure to pay wages, and fined the restaurant chain nearly $2.6 million.
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Source: CNN Business

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