RegularJoe@lemmy.world to News@lemmy.world · 2 months agoMacy's cuts profit forecast as tariffs loom over consumer demandfinance.yahoo.comexternal-linkmessage-square8fedilinkarrow-up1131arrow-down12
arrow-up1129arrow-down1external-linkMacy's cuts profit forecast as tariffs loom over consumer demandfinance.yahoo.comRegularJoe@lemmy.world to News@lemmy.world · 2 months agomessage-square8fedilink
minus-squareerrer@lemmy.worldlinkfedilinkEnglisharrow-up3·2 months agoAnd yet the stock market hit its all-time high today. The business world doesn’t know what the fuck is happening.
minus-squareEmpathicVagrant@lemmy.worldlinkfedilinkarrow-up1·2 months agoThey’re programmed to care about cost and profit, not the overarching patterns that will lead to their inevitable crash. Short-term gains, short-sighted people.
minus-squaremean_bean279@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoThe stock market did not in fact hit its all time high today. The stock market works in quarters mostly. Check back in post Q2/H1 and you’re likely to see the impacts then.
And yet the stock market hit its all-time high today. The business world doesn’t know what the fuck is happening.
They’re programmed to care about cost and profit, not the overarching patterns that will lead to their inevitable crash.
Short-term gains, short-sighted people.
The stock market did not in fact hit its all time high today.
The stock market works in quarters mostly. Check back in post Q2/H1 and you’re likely to see the impacts then.