Tag: Markets
Top economist says it’s ‘panic season’ in markets and it’s your fault for taking summer vacation. Blame the ‘harvest time’ mentality
What is August really about? Owen Lamont, Senior Vice President and Portfolio Manager at Acadian Asset Management, suggests that for normal people, it’s about...
Airbnb embraces a paradox: CEO Brian Chesky says hotels are the future
Airbnb, the house-sharing pioneer long synonymous with offering travelers alternatives to traditional hotels, is now making hotels a cornerstone of its growth strategy. The...
The dollar is in decline because of a global ‘loss of faith in US leadership,’ Macquarie says
The U.S. dollar rose marginally on the DXY foreign currency index over the last 24 hours but no one really believes it will work...
Krispy Kreme terminates McDonald’s partnership due to ‘unsustainable operating costs’ of $28.9 million
Krispy Kreme has officially terminated its much-hyped national partnership with McDonald’s, as CEO Josh Charlesworth said it created “unsustainable operating costs” and led to...
The U.S. economy may be ‘bad to ugly’ right now but investors are loving every minute of it
U.S. economic data is “uniformly bad to ugly” right now and the country stands “at the precipice of recession,” according to Moody’s Mark Zandi...
Starbucks’ stock is being pummelled by Trump’s coffee tariffs while the rest of the market soars
S&P 500 futures are ticking upward this morning but Starbucks’ stock is underperforming the market due in part to an incoming 50% U.S. tariff...
Stocks leap on Palantir earnings but Goldman warns the U.S. ‘is near stall speed’ — where the economy ‘weakens in a self-reinforcing fashion’
Tech company earnings appear to be driving the stock markets upward today after Palantir delivered a massive quarter after the markets closed in the...
The dollar is being punished for the jobs data that revealed how weak the U.S. economy really was
The dollar, which has lost value all year against foreign currencies, had been making a comeback in recent weeks. But Friday’s jobs number from...
Labor department’s data upset may have sealed the deal for a base rate cut
Until Friday, analysts had little confidence that the U.S. Federal Reserve was about to deliver an interest rate cut, but last week’s revisions to...
Stocks dive as job numbers disappoint and tariff ‘panic’ sets in
More last-minute modifications to tariff rates and a disappointing July jobs report weighed heavily on investors as the market opened Friday.
The Dow Jones Industrial...