Diageo plc (DEO) reports steady growth in Q3 fiscal 2025, led by strong performance in North America and Latin America. On track to meet fiscal 2025 outlook despite new tariffs.
The full impact of tariffs — including shifts in consumer buying habits and pressure on corporate balance sheets — is expected to unfold gradually over several months.
The latest ruling is part of a retrial. Zest first sued Walmart in 2018 for unfairly copying its food preservation tech, and won a $115 million award in 2021.
Goldman Sachs strategists are calling for as much as a 20% decline in the S&P 500 index from where it trades today, and there are some signs to back this view.
Wall Street traded slightly lower by midday Friday, as investors adopted a wait-and-see stance ahead of a potential trade breakthrough, with high-stakes negotiations between U.S. officials—led by Treasury Secretary Scott Bessent—and Chinese authorities set to unfold over the weekend.
Big money did not participate in the bear market rally this time around, reiterating the belief that downside isn't over yet, though not everything is doomed.
Utility stocks hit new highs amid trade policy uncertainty, with Utilities Select Sector SPDR Fund up 6.3% YTD. Constellation Energy Corp. jumps 11.87%.
