Top stock picks for the second half of 2022

Citi has named a raft of stocks it thinks could do well in the second half of 2022, as investors continue to navigate market uncertainty and hot inflation. Stock markets suffered steep losses in the first six months of this year as an unrelenting sell-off brought major indexes to their knees. The S&P 500 endured … Read more

These stocks offer protection from risk to come, Morgan Stanley says

Stock markets are emerging from the worst start to a year in half a century. But the volatility is far from over and investors should prepare for further risk to earnings ahead, Morgan Stanley says. The S&P 500 notched its worst first half since 1970 while the Nasdaq Composite fell deep into a bear market. … Read more

Why driving big rig trucks is a job fewer Americans dream about doing

A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images In April, Walmart made headlines by announcing that it will pay its private fleet truck drivers as much as $110,000 in their first year with the big-box retailer, up from an average starting salary of $87,000. Yellow Corp., … Read more

Walmart working on response to Supreme Court abortion decision, CEO says

Walmart CEO Doug McMillon speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Walmart CEO Doug McMillon told employees on Friday that the company is weighing how to respond to a Supreme Court decision that ended the federal right to an abortion. “We are working thoughtfully and diligently to … Read more

Amazon limits Plan B pill purchases as demand surges

Amazon has limited sales of emergency contraceptive pills as demand spikes following last week’s US Supreme Court ruling overturning Roe v. Wade and ending the constitutional right to have an abortion. The company has placed a temporary quantity limit of three units per week on emergency contraceptive pills, Amazon confirmed to CNBC. A review of … Read more

Target will cover employees’ travel to other states for abortions

A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned, according to a company memo obtained by CNBC. The new policy will take effect in July, according to the … Read more

Consumers grow stressed as retailers gear up for back-to-school shopping

Every other week, beginning in May, Morning Consult polls consumers about back-to-school spending plans. The results of its latest survey were startling. There was a 10-point pop from the prior poll in the number of parents who say they can’t afford backpacks, notebooks, new jeans and sneakers, and other supplies. “The drop in the number … Read more

Companies forced to weigh in on privacy, health care

Pro-choice activists are seen outside the US Supreme Court in Washington, DC on June 15, 2022. Mandel Ngan | AFP | Getty Images The challenges posed by the end of Roe v. Wade are only just beginning for corporate America. By overturning the abortion precedent Friday, the U.S. Supreme Court set off a series of … Read more

This Goldman portfolio reliably beats the market. Here’s what’s in it

Investors have entered a difficult period of tightening financial conditions, slowing economic growth and elevated market volatility, but some stocks could still thrive in such challenging times, according to Goldman Sachs. The Wall Street firm is recommending stocks with a high Sharpe ratio score, a measure of a stock’s performance relative to its volatility. Goldman … Read more

The fight against stolen products on Amazon and Facebook Marketplace

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco’s Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn’t traditional shoplifting. Rather, what they’re seeing is theft organized by criminal networks. And there’s a reason … Read more