Tag: dinner

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Consumer Confidence Declines Sharply Amid Trade Uncertainty, Inflation Expectations Rise

Consumer confidence fell sharply in February, hitting its lowest level since 2022, as concerns over trade policy and inflation expectations rose. The Conference Board's index fell to 98.3, driven by a drop in the outlook for income, business, and labor market conditions. Average 12-month inflation expectations also jumped to 6%, the highest since September 2022.

Walmart Forecasts Modest Sales Growth, Below Wall Street Estimates

Walmart forecasts sales growth below estimates, signaling inflation-weary consumers may pull back.

Congestion Pricing in New York City Halted After Federal Reversal

New York City's controversial congestion pricing program faces a setback as the US Department of Transportation reverses approval, potentially ending the initiative altogether.

U.S. Stocks Rise Amid Tariff Concerns

US stocks rose Monday, aiming for a rebound as investors looked beyond President Trump's latest tariff threats, including new levies on steel and aluminum imports.

Palantir (PLTR) Stock Soars as AI Giant Delivers Strong Financials

Palantir's stock surges as analysts debate its valuation and growth potential. Some see its AI software dominance and improving financials as justification for its premium valuation, while others question its sustainability and high volatility.

Fed Likely to Cut Rates if Labor Market Weakens, Wall Street Says

The Fed's next move uncertain as investors navigate Trump's trade policy and search for clarity on the labor market.

Starbucks Aims for Comeback in First Quarter Earnings Report

Starbucks reports Q1 2025 earnings Tuesday, with analysts expecting revenue of $9.32B and a slight improvement in foot traffic despite ongoing negative same-store sales trends. Wall Street will focus on US performance, the impact of rising coffee costs, and CEO Niccol's "Back to Starbucks" plan.

Big Bank Profits Soar on Wall Street Dealmaking Boom

Major U.S. banks report record fourth-quarter profits, driven by a surge in investment banking revenue, as dealmaking activity rebounds.