Wall Street's major indexes fell as inflation data exceeded targets, raising concerns over tariffs and interest rate cuts. With tech stocks leading the decline and key economic reports on the horizon, investors are on edge.
Soho House announces a $9 per share buyout, causing shares to soar over 15%. With Ashton Kutcher joining the board and a new CFO, questions arise about the future of this exclusive club amidst industry challenges.
U.S. retail sales rose 0.5% in July, driven by strong vehicle demand and major retailer promotions, but fears of a slowing economy and rising inflation could dampen consumer spending ahead.
U.S. equities experienced a mixed performance at midday, with retail sales showing strong consumer spending. While the Dow slightly rose, the S&P 500 and Nasdaq fell, driven by varying performances from major stocks including UnitedHealth and Salesforce.
Cava's stock tumbled 16% following disappointing quarterly sales, reflecting a broader trend of declining performance in the fast-casual dining sector. Executives cite cautious diners and economic uncertainty as key factors affecting sales.
Spirit Airlines, struggling to return to profitability since its 2019 bankruptcy, is facing tough choices ahead. With staffing cuts and reduced flight capacity, analysts suggest a possible merger with Frontier could be on the horizon.
New inflation data reveals a significant rise in core inflation, indicating that U.S. businesses may soon pass on tariff-related costs to consumers. Will this lead to higher prices in everyday goods?
The U.S. economy rebounded with a 3% GDP growth in spring, following a contraction earlier in the year. However, experts warn of potential slowdowns as consumers face rising prices and trade uncertainties.
As the Fed prepares for a crucial meeting, President Trump faces disappointment as interest rates are likely to remain unchanged. With rising tariffs and inflation concerns, a debate brews among Fed governors about the need for a rate cut.
Despite initial fears of a recession, U.S. banks are experiencing a remarkable financial boom, with profits soaring and consumer spending remaining strong. Explore how market dynamics are shifting in favor of financial firms.
