Recent retail earnings have showed just how big a toll rising inflation, a major concern for investors all year, is having on corporate profits. Target and Walmart both cited higher costs and inventory woes for the hits they took in the previous quarter — which led to disappointing earnings. Target CEO Brian Cornell told CNBC on Wednesday that rising costs …

A Southwest Airlines flight logo is seen as the plane taxis to a gate at Long Island MacArthur Airport in Ronkonkoma, New York on March 25, 2021. Steve Pfost | Newsday | Getty Images JPMorgan is bullish on the the economic recovery from the pandemic and says a handful of U.S. stocks will benefit from the boom. Source link