Tag: Tariffs
Sony will pass on tariff costs to U.S. consumers by hiking Playstation 5 prices
Sony announced Wednesday it will raise PlayStation 5 console prices in the United States by $50, citing ongoing economic challenges and the financial strain...
Tariffs will take a $100 million bite out of Estee Lauder’s bottom line, company says
The S&P 500 dropped 1% and was on track for its worst day since the first of the month. It’s also heading for a...
MAHA is reshaping Amazon and other consumer packaged goods companies’ supply chains more than tariffs right now, manufacturing platform CEO says
U.S. consumer packaged goods (CPG) giants are racing to get ahead of President Donald Trump’s Make America Healthy Again movement. Looming food regulatory changes...
Wayfair CFO says sellers on the company’s $12 billion marketplace are trying to ‘insulate’ customers from tariffs
The home goods category has seen its share of twists and turns over the past five years: a pandemic-era boom and then a slump...
Wall Street is banking that Powell will signal a rate cut at Jackson Hole—but the closer it gets, the less likely it looks
Markets were hoping for a further signal of their estimations this week, at the Jackson Hole Symposium held by the Federal Reserve Bank of...
Gen Z was growing obsessed with luxury watches. New tariffs on Switzerland could cool the expensive hobby
Gen Z’s fascination with luxury watches has been one of the more surprising consumer trends of the last few years. But a steep tariff...
Trump says tariffs are going to be enough to pay down national debt. It likely won’t even touch the sides
President Trump has a two-pronged plan for the proceeds of his tariff regime. Firstly, he says, it’s going to pay down America’s $37 trillion...
Trump is deporting so many immigrants that it could cause inflation to hit 4% next year, top economist says
Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping drive up prices, Moody’s chief economist...
Warren Buffett’s $1.6 billion bet on UnitedHealth sends the struggling insurer’s stock soaring
U.S. stocks are hanging around their record levels on Friday as Wall Street heads toward the finish of another winning week.
The S&P 500 edged down by...
In this economy, even the affluent are a ‘more cautious consumer,’ Sweetgreen CEO warns. Chipotle and Cava are hurting too
Chipotle, Cava, and Sweetgreen are all confronting a marked consumer spending slowdown in 2025, evident in disappointing sales, flat or declining customer traffic, and...