The abrupt departure of Laxman Narasimhan as chief executive of Starbucks ushered him into a group of high-profile executives who have resigned, or been ousted, after less than two years in the position.
Artificial intelligence was still the main source of profit growth for the S&P 500 this earnings season. But AI-driven firms are largely boosting each other’s profits.
In an era in which college athletes are able to be compensated for their skills and stardom, some of the nation’s most prestigious institutions have been unwilling to pay up.
July’s readout on inflation comes as markets have stabilized after a bout of volatility and the Fed is expected to begin cutting interest rates next month.
