U.S. GDP Surges, Meme Stocks Crash, and Gucci’s Collapse — This Week in Business
The U.S. economy surprised everyone with 3% GDP growth in Q2, defying expectations despite tariff worries. Meanwhile, meme stocks that led the S&P 500 to record highs have crashed, Starbucks says its turnaround is ahead of schedule despite more sales declines, and Meta is set to report earnings with bullish expectations. Plus, Gucci’s sales plunge 25%, and Nike loses a top women's business executive to Athleta. All that and more in today’s Business Show.
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