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Former Goldman Sachs CEO Lloyd Blankfein has warned that the growing private credit market could lead to a financial crisis similar to the one in 2008, potentially affecting retail investors and the broader economy. In an interview on Bloomberg’s “Big Take” podcast, the renowned moneyman said the $1.8 trillion private credit sector involves risks from […]
Lululemon Athletica slashed its annual revenue and profit forecasts on Thursday, signaling a slowdown in demand going into the crucial holiday season as consumers cut down spending, alongside tariff pressures. Shares of the company fell about 14% after the closing bell. The sportswear maker has failed to spark a wave of buying from consumers grappling with inflation […]
Meta has been issued a legal notice from the Attorney General’s Office in Brazil over the proliferation of gambling ads on its social platforms. The parent company of Facebook, Instagram, and WhatsApp has been instructed to remove the content, following a search of Meta’s ad library, which contained “hundreds” of active advertisements from profiles lacking […]
President Donald Trump on Tuesday said Goldman Sachs boss David Solomon should go back to “being a DJ” and teed off on the investment bank after it warned that US consumers will soon pay the brunt of tariff-related price hikes. Trump fumed over a revised analysis released Monday by Goldman’s chief economist Jan Hatzius forecasting […]
The logo for the Food and Drug Administration is seen ahead of a news conference on removing synthetic dyes from America’s food supply, at the Health and Human Services Headquarters in Washington, DC on April 22, 2025. Nathan Posner | Anadolu | Getty Images The U.S. Food and Drug Administration on Tuesday published a warning […]
