Mexican Steelmaker Explores U.S. Bankruptcy to Challenge Chairman’s Pemex Settlement - WSJ: Mexican steelmaker Altos Hornos de Mexico is exploring a bankruptcy filing for a subsidiary that does business in the U.S.
How the Supply Chain Broke, and Why It Won’t Be Fixed Anytime Soon - The New York Times: Confession: We didn’t even have a logistics beat before the pandemic. Now we do. Here’s what we’ve learned about the global supply chain disruption.
Beyond Meat stock tumbles to 52-week low after lowering third-quarter revenue outlook: Beyond said it expects net sales of $106 million, below its prior outlook of $120 million to $140 million. Wall Street analysts surveyed by Refinitiv were anticipating revenue of $133.1 million for the quarter.
Jeffrey Gundlach says inflation will stay above 4% through 2022: Gundlach conceded that some price increases, such as lumber and some other commodities, are temporary, but said others are not.
U.S. weekly jobless claims hit 19-month low as labor market tightens | Reuters: The number of Americans filing new claims for unemployment benefits dropped to a 19-month low last week, pointing to a tightening labor market, though a shortage of workers could keep the pace of hiring moderate in October.
YouFit Health Clubs spends $20M to rebrand after turbulent pandemic months - South Florida Business Journal: YouFit filed for Chapter 11 protection last November