08/21/2025
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Futures Slide For Fifth Day As Jackson Hole Jitters Rise
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US equity futures dropped, extending the recent selloff into its fifth day, as
traders stayed guarded ahead of the Federal Reserve’s gathering at Jackson
Hole. As of 8:00am, S&P 500 futures fell 0.2%, while Nasdaq 100 futures were
flat after a two-day selloff that erased 2% off the index. In premarket
trading, Nvidia rose 0.8% […]
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Walmart Lifts Outlook, But Profit Miss Drags Shares Lower
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Ahead of the Jackson Hole central bank summit in Wyoming, beginning later
today through Saturday, investors are parsing Walmart’s earnings. The world’s
largest retailer delivered stronger-than-expected revenue last quarter and
raised its full-year outlook. This is a reassuring sign that consumers remain
resilient despite inflation, tariffs, and elevated interest rates. However, the
real focus is not […]
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Coty Tanks As Fragile Turnaround Delayed On Perfume Sales Slump
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Coty shares crashed in premarket trading after the beauty giant warned of a
deeper sales slump this quarter and posted a steeper-than-expected loss for the
fourth quarter. The beauty company, which develops, manufactures, markets, and
distributes cosmetics, fragrances, and skincare products, warned that
like-for-like sales, which measure revenue from existing business units, will
fall between 6% and 8% […]
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Interviews To Replace Fed Chair To Start After Labor Day, Bessent Says
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Authored by Naveen Athrappully via The Epoch Times, Potential candidate
interviews for the post of the new Federal Reserve chairman will be happening
soon, Treasury Secretary Scott Bessent said in an Aug. 19 interview with CNBC.
“In terms of the interview process, we’ve announced 11 very strong candidates,“
Bessent said, without providing any more details […]
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Visualizing Federal Layoffs Under Trump
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Does cutting government headcount make it work more effectively? From firing
inspectors-general, to mass layoffs in the Department of Education, the federal
workforce is being scaled back. So far, the Supreme Court has ruled in favor of
12 of these terminations, while scores of workers are leaving voluntarily. This
graphic, via Visual Capitalist’s Dorothy Neufeld, […]
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