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Abby Joseph Cohen Warns Uneven Consumer Spending Signals US Economic Issues, AI Investing May Not Be Sustainable
Abby Joseph Cohen, a Columbia Business School professor and former partner at Goldman Sachs, stated that recent consumer spending patterns indicate problems with the U.S. economy. Speaking on "Bloomberg The Close," she also cautioned that AI investing might not be sustainable and previewed the upcoming Jackson Hole Federal Reserve meeting.
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Next: Intuit (INTU) released its Q4 earnings report, with FY27 revenue guidance of $23.28 billion to $23.51 billion, lower than the expected $23.72 billion. The adjusted EPS guidance is $22.88 to $23.12, significantly lower than the expected $27.32, and growth is projected to slow down.
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