Author: Daniel snow
Xavier Lorenzo | Moment | Getty ImagesGen Z seems to have a case of economic malaise.Nearly half (49%) of its adult members — the oldest of whom are in their late 20s — say planning for the future feels “pointless,” according to a recent Credit Karma poll.A freewheeling attitude toward summer spending has taken root among young adults who feel financial “despair” and “hopelessness,” said Courtney Alev, a consumer financial advocate at Credit Karma.They think, “What’s the point when it comes to saving for the future?” Alev said.That “YOLO mindset” among Generation Z — the cohort born from roughly 1997…
Maybe it would still be here if they’d changed the name to “The Company of Adventurers.” Source link
When Savor’s cow-free butter hit the test kitchen, feedback prompted a shift in flavor, functionality, and strategy. Source link
What to do with the U.S. dollar? Source link
Various whiskey bottles on shelves in a bar.Hiob | Istock | Getty ImagesGlobal spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits.French cognac maker Rémy Cointreau on Wednesday became the latest spirits maker, following Diageo and Pernod Ricard, to withdraw its sales targets on increased economic and trade uncertainty.”Given the continued lack of macroeconomic visibility, the geopolitical uncertainties surrounding U.S.-China tariff policies, and the absence to date of a recovery in the U.S. market … the conditions required to maintain [Remy Cointreau’s] 2029-2030 targets are no longer…
Robinhood Markets’ stock was falling in after-hours trading Friday. Source link
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024.CNBC | EvelynTesla’s vice president of Optimus robotics, Milan Kovac, said on Friday that he’s leaving the company.In a post on X, Kovac thanked Tesla CEO Elon Musk and reminisced about his tenure, which began in 2016.”I want to thank @elonmusk from the bottom of my heart for his trust and teachings over the decade we’ve worked together,” Kovac wrote. “Elon, you’ve taught me to discern signal from noise, hardcore resilience, and many fundamental principles of engineering. I am forever grateful.…
CNBC’s Jim Cramer walked investors through next week on Wall Street, pinpointing the latest consumer price index report and a number of investor days, including one from BlackRock.He also touched on how the feud between President Donald Trump and Tesla CEO Elon Musk reverberated through a market that is sensitive to social media posts from prominent figures.”We should be headed for a quiet week, but, you know what, we’ve got to stay close to Truth Social to see what’s going on in the White House before we assess anything these days,” he said. “Given what happened with the president and…
BENTONVILLE, ARK. — As tariffs drive prices higher, Walmart unveiled its latest efforts to woo new and younger shoppers — including a fresh advertising campaign, a clothing brand designed for tweens and drone deliveries in more cities.The moves, which the retail giant’s leaders announced this week, illustrate how the discounter sees opportunities to grow even while consumers tighten their wallets and the economic outlook appears murky.Walmart, the largest private employer and retailer in the U.S., hosted thousands of hourly employees, store managers, investors and reporters this week at its Associates Week event in its hometown of Bentonville, Arkansas and nearby…
President Donald Trump holds a news conference with Elon Musk to mark the end of the Tesla CEO’s tenure as a special government employee overseeing the U.S. DOGE Service on Friday May 30, 2025 in the Oval Office of the White House in Washington. Tom Brenner | The Washington Post | Getty ImagesTesla has been facing massive challenges trying to get back on track after a disastrous first quarter. Those headwinds strengthened considerably this week.CEO Elon Musk officially concluded his term with the Trump administration at the end of May, hitting the 130-day mark, the maximum time allowed for a…