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Retail Gloom Builds on Weaker Consumer Demand, Inflation Worries

Retail Gloom Builds on Weaker Consumer Demand, Inflation Worries

© Reuters. Retail Gloom Builds on Weaker Consumer Demand, Inflation Worries (Bloomberg) — Wall Street is growing increasingly cautious on apparel and footwear companies ahead of their next earnings reports amid rising concerns that consumer demand will flag and inflation will remain high. Wells Fargo (NYSE:WFC) Securities cut its 2022 earnings per share estimates across…

A Ukrainian army lieutenant says Russian soldiers keep ‘falling into the same traps’ as Putin’s commanders force them forward

A Ukrainian army lieutenant says Russian soldiers keep ‘falling into the same traps’ as Putin’s commanders force them forward

A Ukrainian army lieutenant said Russian soldiers are fighting “stupidly” and without strategy as President Vladimir Putin’s forces continue to make little military progress in their five-week-long war in the eastern European country.”The Russians are fighting stupidly,” Second Lt. Tatiana Chornovol, a former politician, told CBS News in an interview that aired on Thursday. “They…