Rising debt, weak wage growth, and higher living costs squeeze young consumers — dragging down Chipotle, Sweetgreen, and Cava sales.
Investing
-
-
Finance
KKR Beats Profit Forecast on Credit Boom and Fundraising Surge — But One-Off Asia Charge Caps Gains
by Daphne Dougnby Daphne DougnThe $723 billion investment giant posts stronger earnings as credit inflows and insurance profits offset private equity headwinds.
-
BUSINESSFinance
BlackRock Shuts Down Social Impact Fund After Collapse of Subprime Auto Lender Tricolor
by Dean Dougnby Dean DougnThe world’s largest asset manager is winding down a $ fund tied to a failed U.S. car-financing firm, underscoring the …
-
InvestingReviews
Family Offices Slow Overall Deal Pace but Keep Pouring Billions into AI Mega-Rounds
by Daphne Dougnby Daphne DougnUltra-wealthy investors pull back on volume but double down on artificial intelligence bets, fueling record valuations across the sector.
-
Wall Street giants warn of a 10–20% pullback after record-breaking AI-fueled rally, but see Asia as the next growth frontier.
-
InvestingPersonal Finance
Meet the 17-Year-Old Who Turned $53,000 Into Nearly $80,000 Trading the Hottest AI Stocks of 2024
by Daphne Dougnby Daphne DougnWhile most teenagers were saving for college, 17-year-old Samik Sidhu from Virginia was quietly building a small fortune from one …
-
CryptocurrencyFinance
Standard Chartered CEO: Blockchain Will Power “Nearly All” Global Transactions
Bill Winters predicts a full-scale financial rewiring as banks, regulators, and investors embrace tokenization and digital money.
-
As Central Banks Warn of ‘Bubbly’ Valuations in AI and Beyond, Global Investors Must Abandon Market-Timing and Re-Embrace Foundational Risk …
-
LifeReviews
The $200 Billion Club: AI Mania Redefines What It Means to Be Super-Rich
by Daphne Dougnby Daphne DougnAs artificial intelligence reshapes markets, six tech billionaires now hold fortunes larger than the GDP of many nations — and …
-
This isn’t just a U.S. scandal; it’s a wake-up for Singapore, Dubai, and London wealth hubs where similar “reputational risk” …