Inventories falter as tensions mount in China: live updates

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Catching up: here’s what’s going on.

  • Costco, the club’s retailer, has started to limit the amount of meat customers can buy at the same time. The company said in an update on its website on Monday that fresh beef, pork and poultry products would be “temporarily limited to 3 items” per member. The limits arise as production in the meat industry slows after widespread illness in abattoirs in the Midwest and South.

  • The cruise giant Carnival Corporation said Monday it plans to reopen the cruise on eight of its ships before the end of the summer. Carnival canceled service on some of its cruise lines until September, but said it plans to offer cruises from the ports of Galveston, Texas; Miami; and Port Canaveral, Florida, starting August 1.

  • Intel said it would pay $ 900 million to acquire Moovit, the maker of an application that provides instructions based on real-time traffic data, a rare occurrence in today’s environment. The acquisition will complement Intel Mobileye, the company’s growing autonomous driving unit, which produces hardware and software for driver assistance functions used in industrial vehicles.

The reports were provided by Patricia Cohen, Ivan Penn, Stacy Cowley, Alexandra Stevenson, Kate Conger, Michael Corkery, David Yaffe-Bellany, Vanessa Friedman, Andrew Ross Sorkin, Mihir Zaveri, Jeanna Smialek, Niraj Chokshi, Brooks Barnes, Mohammed Hadi , Austin Ramzy, Michael J. de la Merced, Carlos Tejada, Noam Scheiber, David McCabe, Marc Tracy and Sapna Maheshwari.

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