Economy – Page 28 – Investing Harbor

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Economy

Lululemon shares drop 15% as CEO says inflation, economic concerns are weighing on spending

Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted…

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Economy

Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes

Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs. The discount retailer’s CEO, Michael Creedon, said the…

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Economy

Chinese tea chain Chagee files for U.S. initial public offering

Chinese tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA.” The IPO filing comes as the company…

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Economy

Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ mantra

Oil executives are warning that President Donald Trump’s tariffs and “drill, baby, drill” message have created uncertainty in energy markets that is already affecting investment. The executives, shielded by anonymity, bluntly…

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Economy

Berkshire Hathaway employee wins $1 million in Warren Buffett’s March Madness bracket challenge

For the first time in nearly 10 years, a Berkshire Hathaway employee claimed Warren Buffett’s $1 million grand prize for his company’s NCAA bracket contest. An anonymous employee from aviation training company FlightSafety…

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Economy

Affirm announces JPMorgan Chase merchants can now offer installment loans at checkout

Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network. U.S. merchants who use JPMorgan…

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Economy

Bitcoin is just another tech stock, not a market hedge, study shows

Bitcoin is more closely correlated to the Nasdaq than it is to gold most of the time, and investors could benefit from viewing it as another big tech stock, says Standard…

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Economy

‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns around loans for takeout

DoorDash and Klarna are joining forces to let users pay for meal deliveries with installment loans, calling it “essential to meeting our customers’ needs.” Not everyone sees it that way.…

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Economy

23andMe files for bankruptcy as co-founder Anne Wojcicki resigns as CEO

Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night. The company’s CEO, Anne Wojcicki, has resigned from…

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Economy

Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks

Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years.…