Tag: Markets
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...
‘Artificial stupidity’ made AI trading bots spontaneously form cartels when left unsupervised, Wharton study reveals
Artificial intelligence is just smart—and stupid—enough to pervasively form price-fixing cartels in financial market conditions if left to their own devices.
A working paper posted...
Stocks slide globally as investors digest Trump’s new tariffs—and analysts warn the worst is yet to come
Global stocks are sliding after President Trump’s new tariff announcement, with S&P 500 futures down nearly 1% and major indices worldwide falling. Analysts warn...
Andy Jassy says Amazon has chosen to ’embrace’ AI, promising it ‘will make all our teammates’ jobs more enjoyable’
Andy Jassy, who sent shockwaves through the jobs market as one of the first major chief executives to say that “AI will mean fewer...