Retailers and other consumer companies fell after weak jobs data and another hawkish statement from a Federal Reserve official.
It's premature to declare that inflation has peaked and investors should not count on a rate cut in 2023, warned Cleveland Fed President Loretta Mester.
Delta Air Lines and Air France-KLM won their joint bid for ITA Airways, entering exclusive talks with the Italian government over plans to privatize the carrier -- formerly known as Alitalia.
Bed Bath & Beyond said it would close roughly 150 of its flagship stores, cut its work force and bring in fresh cash to help turn around the struggling retail chain. Shares of the company, a popular meme stock and volatile even by meme stock standards, fell by more than 20%.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-31-22 1716ET
