Walmart profit warnings shine a light on disparities in US consumer behaviour, the International Monetary Fund slashes its global growth forecast, and Argentines are scrambling to exchange their pesos for dollars on the black market.
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Mentioned in this podcast:
Credit Suisse set to name Ulrich Körner as chief executive
Walmart issues profit warning as soaring inflation hits customers
US consumers are bending but not breaking as prices soar. Can it last?
Argentines turn to black market dollars as crisis worsens
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com