China’s $11 Trillion Stock Market Stages Steady Resurgence
Chinese stocks have gained ground in recent months despite a lack of major catalysts, with ample domestic liquidity likely to sustain the rally. Mainland households, flushed with record-high savings, are turning to equities for better returns as interest rates...
Private Equity’s Courtship of Retail Investors Irks Pensions, Endowments
Some of the world’s biggest investors in private equity are worried they could lose their special status as thousands of retail investors get invited into an asset class that had been reserved for sophisticated clients. Institutions such as pensions and endowments are...
Wendy’s Cuts Sales Guidance as US Consumers Tighten Belts
Wendy’s Co. cut its full-year sales guidance after posting a bigger-than-expected quarterly decline, highlighting the economic pressures weighing on the chain’s US business. The chain now expects global system-wide sales to fall between 3% and 5% this year, while it...
BofA’s Hartnett Says Stocks Hit by Outflows as Rally Stalls
Investors are pulling money from US equities and flocking into cash funds, Bank of America Corp.’s Michael Hartnett said, amid renewed concerns that sweeping tariffs are crimping economic growth. Nearly $28 billion was redeemed from US stocks in the week through Aug....
Sweetgreen Sinks on Fewer Diners Splurging for Pricey Salads
Sweetgreen Inc. slashed its sales guidance after a second straight quarter of disappointing results, highlighting the salad chain’s struggles to sell $15 salads to budget-strained diners. The company now anticipates that sales at restaurants open for at least a year...
Larry Summers Says Trump Policies Are ‘Scarily’ Like Argentina’s Peron
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...
Crocs Sinks Most Since March 2020 on Tariffs, Cautious Consumers
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...
Ralph Lauren’s Cautious Consumer Outlook Overshadows More Growth
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...
From ‘Weakening’ to Worse
Calm, for a day… The labor market is getting worse… Pondering the unexpected… What the world’s best businesses can do… Berkshire Hathaway is still sitting on a cash pile… Why it might pay a dividend soon… Is Berkshire a buy?... Was that it?... After trading lower over...
McDonald’s Says Economic Stress Is Sapping Breakfast-Meal Sales
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...
Wall Street Is Warning Investors to Get Ready for Stocks to Drop
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...
CuspAI in Talks to Raise $100 Million to Find New Materials
British startup CuspAI is in talks to raise more than $100 million in funding to support its goal of using artificial intelligence models to discover new materials, according to people familiar with the matter. Venture capital firm NEA is set to co-lead the funding...
Why Pubcos @ Market Caps <$10 Billion Extinct by 2030?
Based on a Securities & Exchange Commission (SEC) change in regulations publicly traded companies at valuations of less than $10 billion will be extinct by 2030. Penny stocks and shares that are priced below $10 will also become memories from the past. To be...
Trade War Turmoil, Rising Unemployment Send Markets Diving
For anyone who was around on “Liberation Day” in April, market reaction to US President Donald Trump’s overnight tariff fusillade—replete with new levies, new targets and new delays—was predictable. But it wasn’t just Trump’s latest spray of trade threats that...