Fraser’s comments come as multiple companies have either withdrawn their full-year guidance or reduced their forecasts due to macroeconomic uncertainty.
Wall Street kicked off the week with a cautious tone, as major stock indices hovered near the flatline by midday in New York. Investors digested fresh signs of inflationary pressure in the services sector, raising doubts about near-term rate cuts and weighing on risk appetite.
US services sector growth slows in April. Inflationary pressures surge to a 2-year high, driven by trade tariffs. Stalling momentum and stagflation risks loom.
The Federal Reserve is expected to hold interest rates steady, even as President Donald Trump continued to pressure Chair Jerome Powell last week to slash the rates amid rising trade-related risks.
The automaker has lowered its full-year profit forecast but remains optimistic about offsetting some tariff impacts and maintaining its manufacturing investments.
He cautioned the UK against strengthening economic ties with China, warning that it could hinder efforts to secure tariff relief with the U.S. and exacerbate regulatory challenges.
Treasury Secretary Scott Bessent defended President Donald Trump's economic agenda on Sunday in an op-ed, arguing that the administration's approach will benefit Main Street while maintaining Wall Street's strength.
Short interest in Guess eased following reports that Authentic Brands may launch a rival bid, though retail sentiment quickly turned bearish after the initial rally faded.
Vlad Tenev criticized current accredited investor rules for excluding most retail participants and proposed a disclosure-based framework to expand access to high-growth private companies.
JPMorgan's Bill Eigen highlights that markets are more influenced by Donald Trump's social media posts than economic data, with significant market moves often triggered by his comments.
Ken Griffin, founder of Citadel LLC, advises surrounding oneself with smarter minds for career growth. He also warns against being the smartest person in the room.
U.S. stocks advanced across the board by midday Friday, with the S&P 500 eyeing its ninth consecutive day of gains—poised for the longest winning streak since May 2024.
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