Wall Street is ignoring this rising threat from bonds. Be worried.
Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey Co., and is a Chartered Financial Consultant. His latest book, “Storm Proof Your Money”, was published by John Wiley Co.
Walmart says tariffs are raising costs, but it’s trying to avoid price increases — for now
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Shares of Walmart Inc. dropped in early trading Thursday after the discount-retail behemoth missed fiscal second-quarter profit expectations but raised its full-year outlook and saw strength in sales at its retail as well as its Sam’s Club warehouse stores.
As anticipated, tariffs loomed large over Walmart’s
WMT second-quarter results. Last quarter, the company said that Americans should brace for higher prices as a result of tariffs, prompting an irate response from President Donald Trump. Treasury Secretary Scott Bessent subsequently said that he had spoken to Walmart Chief Executive Doug McMillon and that Walmart would absorb “some” of the tariff impact.
Intel’s CEO seems to have made nice with Trump. What comes next?
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Intel Corp. could be on its way to securing support from the White House, just days after President Donald Trump called for its new chief executive to resign.
Intel
INTC Chief Executive Lip-Bu Tan visited the White House on Monday and seemingly “made a good impression,” Bernstein analysts said in a Tuesday note to clients. Both Tan and Trump put out encouraging statements following the meeting.
Sweetgreen’s customers are cutting back on pricey salads. Will extra chicken help?
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Consumers are getting more cautious about their spending — and that means cutting back on expensive lunch salads.
At least, that’s the sentiment coming out of Sweetgreen Inc.’s
SG latest earnings, as the salad chain called out weak performance at its Northeast stores and forecast a 4% to 6% drop this quarter in same-store sales, a measure of revenue performance at locations that have been open at least 13 fiscal months.
Wayfair’s stock surges as sales beat suggests a ‘bottomed-out’ furniture market
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Shares of Wayfair Inc. were climbing toward a more than one-year high Monday, after the furniture and home-goods e-commerce company’s second-quarter results topped Wall Street’s estimates as accelerating sales suggest the worst may be behind it.
The results are being closely watched for insight into the broader furniture market, which has previously
felt the impact of a depressed housing market and consumers opting to spend their cash on essentials.