Private Equity’s Courtship of Retail Investors Irks Pensions, Endowments

Aug 8, 2025 | Markets, Private Markets

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

Aug 8, 2025 | Markets

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

Aug 8, 2025 | Markets

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

Aug 7, 2025 | Markets

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

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...

Crocs Sinks Most Since March 2020 on Tariffs, Cautious Consumers

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...