At law school, we learned about “proximate cause,” one of the few valuable concepts you can take from three years of drudgery. It’s about who and what caused the injury and who pays for it. The current stock market lends itself to proximate causes, as in, “We have to find a cause for the pronounced … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s most important happenings on Wall Street, saying to watch out for earnings from Walgreens as well as new data about consumer spending. “We’re no longer fighting the Fed, people — they don’t seem inclined to raise rates when they’re supposed to be cutting them, that … Read more
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week … Read more
Limited Edition holiday breakfast cereal, Christmas Crunch in holiday shapes, Target store, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images) Lindsey Nicholson | Getty Images Two big companies weighed in on persistent demand woes this week. General Mills, which reported earnings Wednesday morning, said tepid demand and pricing pressures are compounding … Read more
