Investors had modest expectations heading into Constellation Brands' (NYSE: STZ) fiscal third-quarter earnings report, released this week. The company couldn't fully pass along those higher costs, but bigger price increases are on the way for its alcoholic products in 2022. Read More...
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Why MercadoLibre, Coupang, and DoorDash Plunged This Week
Shares of MercadoLibre (NASDAQ: MELI), Coupang (NYSE: CPNG), and DoorDash (NYSE: DASH) all fell hard this week, with these stocks down 14.2%, 12.7%, and 7.8%, respectively, through the end of trading on Thursday. Earlier this week, U.S. Food and Drug Administration (FDA) commissioner Dr. Scott Gottlieb made several media appearances in which he gave good news on omicron. Well, a faster reopening and higher economic growth have come with inflation, at least in recent months.
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