Aug 7, 2025 | Markets
Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s policies risk putting the US on a similar path to that of postwar Argentina, which descended from being a relatively advanced developed nation into an economic laggard. “Argentina went...
Aug 7, 2025 | Markets
Crocs Inc. shares dropped the most since the start of the Covid-19 pandemic on a weaker outlook, with the maker of colorful clogs warning that cautious consumers are further pulling back on spending. Third-quarter revenue will decline approximately 9% to 11%, the...
Aug 7, 2025 | Markets
Ralph Lauren Corp. reported another quarter of robust growth, but cautioned it wasn’t sure how US consumers would respond to tariffs and price hikes in the second half of the year. “This quarter’s solid performance and our continued momentum give us confidence to...
Aug 6, 2025 | Markets
McDonald’s Corp. is trying to make its breakfast menu more attractive to entice budget-conscious diners who are skipping out on Egg McMuffins and hash browns. The chain, like competitors, is seeing that breakfast is “absolutely the weakest daypart,” Chief Executive...
Aug 4, 2025 | Markets
A chorus of stock market prognosticators at some of Wall Street’s biggest firms is warning clients to prepare for a pullback as sky-high equity valuations slam into souring economic data. On Monday, Morgan Stanley, Deutsche Bank AG and Evercore ISI all cautioned that...
