Strong holiday sales defy weak consumer sentiment

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Shoppers carry Macy’s bags outside of Macy’s flagship store on Black Friday in New York, US, on Friday, Nov. 28, 2025. Adam Gray | Bloomberg | Getty Images Andre Lewis said he’s “anxious 364 days of the year.” Yet the rideshare and delivery driver wants to make it a special holiday season for his 7-year-old […]


Super Micro shares fall on weak preliminary results

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Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Super Micro Computer shares fell 6% on Thursday after the company released weak preliminary results for its fiscal first quarter of 2026. The server maker said it […]


U.S. consumers expect high prices, weak economy, Deloitte survey says

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As the peak holiday shopping season approaches, most U.S. consumers have a downbeat outlook on the economy, according to an annual Deloitte survey published on Wednesday. Most consumers surveyed — 57% — said they expect the economy to weaken in the year ahead, the consulting firm found in a poll of roughly 4,000 respondents. That […]


Lululemon shares tumble as weak demand, tariffs spark profit warning

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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 […]


Amazon posts weak cloud growth while rivals Google, Microsoft thrive

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Amazon on Thursday forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web Services cloud computing unit after rivals handily beat expectations. Shares fell by more than 3% in after-hours trading after finishing regular trading up 1.7% to $234.11. Both Google-parent Alphabet and Microsoft posted big cloud computing revenue gains this month. AWS profit margins […]


Fed’s Bowman backs July rate cut citing weak inflation, labor fragility

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Federal Reserve Vice Chair for Supervision Michelle Bowman said Monday she would support cutting interest rates as soon as next month, arguing that the inflationary impact of President Donald Trump’s trade war has been smaller than feared and that the US labor market is showing signs of weakness. Her comments align with those of fellow […]