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....
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...
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
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...
