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Featured AlphaTack Intel Article
Stock market today: Dow closes above 50,000 for the first time as stocks soar to cap volatile week
US stocks rebounded on Friday from a weeklong tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, surging by about 2.5%, or more than...
– AlphaTack Intel Articles –
China’s $11 Trillion Stock Market Stages Steady Resurgence
Chinese stocks have gained ground in recent months despite a lack of major catalysts, with ample domestic liquidity likely to sustain the rally. Mainland households, flushed with record-high savings, are turning to equities for better returns as interest rates...
Private Equity’s Courtship of Retail Investors Irks Pensions, Endowments
Some of the world’s biggest investors in private equity are worried they could lose their special status as thousands of retail investors get invited into an asset class that had been reserved for sophisticated clients. Institutions such as pensions and endowments are...
Wendy’s Cuts Sales Guidance as US Consumers Tighten Belts
Wendy’s Co. cut its full-year sales guidance after posting a bigger-than-expected quarterly decline, highlighting the economic pressures weighing on the chain’s US business. The chain now expects global system-wide sales to fall between 3% and 5% this year, while it...
BofA’s Hartnett Says Stocks Hit by Outflows as Rally Stalls
Investors are pulling money from US equities and flocking into cash funds, Bank of America Corp.’s Michael Hartnett said, amid renewed concerns that sweeping tariffs are crimping economic growth. Nearly $28 billion was redeemed from US stocks in the week through Aug....
Sweetgreen Sinks on Fewer Diners Splurging for Pricey Salads
Sweetgreen Inc. slashed its sales guidance after a second straight quarter of disappointing results, highlighting the salad chain’s struggles to sell $15 salads to budget-strained diners. The company now anticipates that sales at restaurants open for at least a year...
Larry Summers Says Trump Policies Are ‘Scarily’ Like Argentina’s Peron
Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s policies risk putting the US on a similar path to that of postwar Argentina, which descended from being a relatively advanced developed nation into an economic laggard. “Argentina went...