Author: Daniel snow

Amid heated criticism from former President Donald Trump, Goldman Sachs is standing firm on its projection that American consumers will soon absorb the majority of the costs from newly imposed tariffs. In a televised interview, David Mericle, a leading economist at the investment bank, reaffirmed the company’s stance following a public rebuke from Trump on Truth Social. The former president had called on Goldman CEO David Solomon to either “get a new economist” or resign, after Goldman released a research note suggesting tariffs would soon start hitting everyday Americans’ wallets. Consumers Could Bear Two-Thirds of the Cost Despite the backlash,…

Read More

AMC Entertainment is showing signs of a strong rebound, reporting sharply improved financial results for the second quarter of 2025. The theater chain managed to narrow its net loss significantly—from $32.8 million a year ago to just $4.7 million—and even broke even on an adjusted per-share basis. Total revenue reached nearly $1.4 billion, representing a 35% increase year-over-year and surpassing Wall Street’s expectation of $1.35 billion, according to LSEG estimates. Shares of AMC rose 3% following the earnings release and climbed as high as 11% during intraday trading. Audience Is Back: 26% Attendance Spike One of the key drivers of…

Read More