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Stocks

“Foot Locker shares plunge more than 30% as it slashes guidance and blames ‘consumer softness’”

“…Here’s how Foot Locker did in the three-month period that ended July 29 compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv: The company swung to a loss of $5 million, or 5 cents… Continue Reading…

Economy

“JP Morgan slashes second-quarter GDP forecast to just 1%”

“J.P. Morgan economists said they now see much slower second-quarter growth of just 1%, down from their prior forecast of 2.25% and way off the 3.2% reported in the first quarter. “The April durable goods report was bad, particularly the details relating… Continue Reading…