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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 21, 2021
Page
8
Wall Street expects Rite Aid to report a Q3 loss with modest revenue gains. Analysts note continued pressure on pharmacy benefits services and weaker sales, following a loss in the prior quarter. The firm previously warned of a full year loss due to these trends.
New owner Bret Csencsitz says demand and the product are strong at the reopened Gotham restaurant in Manhattan but the business lacks enough staff to operate fully. Employees are scarce for crafting chocolates, grilling, and oyster shucking.
Stocks on Wall Street extended losses Monday amid a global market downturn driven by fears over the omicron variant inflation and mounting economic risks. The S and P 500 fell as investors weighed uncertain outlooks and broader market pressures intensified.
Forty patients awaited transfers Friday as beds fill in larger hospitals that prioritize the critically ill, with many COVID-19 cases needing only oxygen. Nursing home staffing gaps worsen the bottleneck, stranding non COVID patients and stressing families during the holiday period.
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