Author: arthursheikin@gmail.com

[ad_1] Victoria’s Secret is planning to cut back on deals to offset higher costs from tariffs.Shoppers at the lingerie chain might be familiar with its frequent discounts or the free gifts that it gives customers who spend a certain amount in one visit.President Donald Trump’s tariffs are expected to hit Victoria’s Secret’s operating income by $50 million during its 2025 fiscal year, though, the company said as it reported earnings on Wednesday. Discounts and freebies are among the first areas the company could cut back on to minimize the cost of tariffs.”The thing we’re doing, first and foremost, is optimizing…

[ad_1] About 2,600 students around the world just kicked off their internships at Goldman Sachs, including 1,000 who gathered at the firm’s Manhattan headquarters for orientation.For many of these students, this will be one of the most consequential summers of their lives. Wall Street internships are hard to get, and how they perform could determine the course of their careers, including whether they get an offer to work for Goldman after graduation.Goldman’s chief executive, David Solomon, welcomed the 2025 class with a letter offering his advice to the interns, as BI previously reported. BI also sat down with three Goldman…

[ad_1] In a handful of interviews following Apple’s Worldwide Developers Conference (WWDC 25), Apple executives denied that last year’s demonstrations of a personalized, AI-powered Siri were vaporware, despite having yet to launch. Asked by The Wall Street Journal why Apple, with all its engineers and cash, couldn’t make the technology work well enough to ship, the company didn’t admit to being behind in the AI race. Instead, Apple senior vice president of software engineering Craig Federighi stressed that AI was a new technology, and something Apple sees more as a “long-term transformational wave” that will impact the industry and society…

[ad_1] Walmart (WMT) is facing headwinds with looming tariffs likely to erode profit margins amid an already overstretched valuation. The retail giant, a leader in the defensive sector, trades at a substantial premium, raising concerns about downside risk as global trade tensions mount. With technical rejection and elevated implied volatility (IV) offering attractive premiums, this set-up presents a timely opportunity for bearish exposure to capitalize on WMT’s vulnerabilities. Trade Timing The timing for adding bearish exposure to WMT is optimal, as the stock recently rejected its $100 area of resistance. This rejection, combined with negative divergence with momentum suggests buyer…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is chief market strategist at JefferiesIt was shocking to see how gloomy so many investment professionals have become over the past two months. Countless clients, colleagues and competitors simply could not disconnect their disturbance over US political events from their fiduciary responsibilities.These folks, after being radicalised by the mob of macro intelligentsia, spent their days predicting US policy failures rather than stoically focusing on generating returns on capital. Emotions should never be a part of the trading…

[ad_1] Nvidia CEO Jensen Huang isn’t buying the AI jobs apocalypse narrative — especially not from Anthropic’s CEO Dario Amodei.Speaking to reporters on the sidelines of VivaTech 2025 in Paris, Huang dismissed Amodei’s claim that AI could soon wipe out half of all entry-level white-collar jobs.”I pretty much disagree with almost everything he says,” Huang said. “He thinks AI is so scary, but only they should do it.”Last month, Amodei told Axios that AI could spike unemployment by up to 20% in the next five years, gutting roles in law, finance, technology, and consulting.He urged governments to stop “sugarcoating” the…

[ad_1] GameStop ‘s share valuation is dependent on speculation in overvalued assets because the company’s turnaround strategy for its underlying video game business remains murky, according to Wedbush analyst Michael Pachter. “Despite a complete lack of a clear strategy, GameStop has consistently capitalized on the existence of ‘greater fools’ willing to pay more than twice its asset value for its shares — and so far, they’ve been correct,” Pachter said in a note out Wednesday to clients. The brick-and-mortar retailer reported a decline in fiscal first-quarter revenue on Tuesday as demand for online gaming rose. GameStop recently bought 4,710 bitcoins , worth more…

[ad_1] CNN  —  Commerce Secretary Howard Lutnick, back in Washington after two days helping to negotiate a US-China trade framework in London, said Wednesday that Trump gave his team permission to back off its aggressive stance against China to get a deal done. Lutnick told CNBC in his first interview since the announcement of the US-China trade agreement late Tuesday night that after 25 hours of negotiations over two days with his Chinese counterparts, the world’s two largest economies are in a better place now after a series of escalations over the past month. Both countries, accusing one another of…

[ad_1] Pinterest is experimenting with “auto-collages,” an AI feature that allows advertisers to quickly turn their product catalogs into shoppable collages, the company announced this week. The new feature is designed to make it easier for advertisers to reach customers while saving time and creative resources, Pinterest says. The company notes that collages are one of the most popular and engaging content types among Gen Z users, with over tens of millions of collages created on the platform. In early tests, Pinterest found that users saved auto-collages at twice the rate of standard product Pins. Auto-collages work by grouping together…

[ad_1] Traditional web tools are facing an existential crisis as AI products and tools increasingly eat up attention — and therefore market share and money — from a wide swathe of products that people have used for years to interact with the internet. At least, that’s what The Browser Company seems to think is happening. The company last year decided to stop developing its popular web browser Arc, acknowledging that while Arc was popular among enthusiasts, it never hit scale, as it presented too steep a learning curve to reach mass adoption. The startup has since been heads-down on developing…