Target, Walmart Earnings Selloff Puts Retailers’ Inflation Pains on Display

Town Suzanne Kapner, John Stensholt and Orla McCaffrey Updated May 18, 2022 5:53 pm ET Inflation is catching up with some of America’s biggest retailers, as their recent quarterly results were pinched by higher costs on everything from products to fuel. Investors dumped shares of Walmart Target and other big chains — notching some of … Read more

NSW lake filled with water by rice farmer Jeremy Morton to help nurture the environment

A lake in southern New South Wales is full of water at the moment but it’s not because of recent heavy rainfall. Key points: When water is abundant, Jeremy Morton fills a lake on his parent’s property The lake benefits water birds, frogs and trees Water can be pumped from the lake for agricultural use … Read more

NSW lake filled with water by rice farmer Jeremy Morton to help nuture the environment

A lake in southern New South Wales is full of water at the moment but it’s not because of recent heavy rainfall. Key points: When water is abundant, Jeremy Morton fills a lake on his parent’s property The lake benefits water birds, frogs and trees Water can be pumped from the lake for agricultural use … Read more

South East councils defend large rate rise proposal amid community criticism

Bega Valley and Snowy Monaro councils have both taken steps towards implementing a proposed large rate increase to address what they are calling rising operating costs. Key points: Snowy Monaro and Bega Valley Councils release draft proposals for rate rises Councils say their growing operating costs mean rate rises necessary to maintain services Proposals have … Read more

As a result of COVID-19, more people are experiencing food insecurity – and community services are stepping in to help

Annette Formosa never thought she would need to rely on her local community in Sydney’s western suburbs to ensure there was enough food on the table. Key points: One in six Australian adults experienced food insecurity in 2021, according to Foodbank Of those, almost 40 percent had not experienced food insecurity prior to the COVID-19 … Read more

Close contact rules could cost Queensland families hundreds of dollars

Rules for COVID-19 close contacts in Queensland have been eased but a social services group says the new requirements could put further pressure on families already struggling with the rising cost of living. Key points: Rapid Antigen Tests typically cost anywhere from $ 10 to $ 15 The new measures could force families into tough … Read more

Costco Wholesale Corp. stock falls Friday, underperforms market

Shares of Costco Wholesale Corp. COST, -3.39% shed 3.39% to $ 571.70 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -2.77% falling 2.77% to 4,271.78 and Dow Jones Industrial Average DJIA, -2.82% falling 2.82% to 33,811.40. This was the stock’s second consecutive … Read more

Quebec government announces round-trip flights to province’s regions capped at $ 500

People look on as an Air Canada plane takes off from Montreal Trudeau Airport in Montreal, on Dec. 5, 2021.Graham Hughes / The Canadian Press The Quebec government said Tuesday it will cap the cost of plane tickets for all travel within the province to the regions, as a way to increase tourism to rural … Read more

Vote Compass shows Australians are worried about corruption in politics

As we prepare to head to the polls, almost half of Australians think corruption across the nation is “very much a problem”, Vote Compass has found. We asked Australians how much of a problem corruption is in Australia today as part of Vote Compass – the largest survey of voter attitudes in the country. At … Read more

Costco Wholesale Corp. stock falls Friday, underperforms market

Shares of Costco Wholesale Corp. COST, -1.32% slipped 1.32% to $ 600.04 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, + 0.40% rising 0.40% to 34,721.12 and the S&P 500 Index SPX, -0.27% falling 0.27% to 4,488.28. The stock’s fall snapped … Read more