Prof G Markets World Bank Cuts U.S. Growth Outlook, Meta Invests in Scale AI, & Smucker’s Stock Tanks
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Jun 11, 2025 The World Bank reveals a stark forecast, slashing U.S. growth predictions by half this year. JM Smucker’s stock takes a hit following disappointing earnings, largely due to tariff impacts. Meanwhile, Meta makes a strategic move by investing in Scale AI, echoing acquisition patterns and raising questions about competition in the tech industry. The intertwining of tariffs and market trends presents a broader backdrop of economic worry that’s reshaping the landscape.
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Tariffs Slash US Growth Outlook
- The World Bank cuts US growth forecast from 2.8% to 1.4% citing tariffs as the main cause.
- Tariffs deteriorate global prospects and can deeply harm living standards without swift correction.
US Growth Slowdown Risks Debt Crisis
- US growth decline doubles time to double GDP from 25 to 50 years, worsening debt sustainability.
- Current economic policy is "global stupidity," harming US and trade partners simultaneously.
Tariffs and Weight-Loss Drugs Impact Junk Food
- JM Smucker's earnings reveal tariffs causing price hikes, with coffee prices up 20% year-over-year due to green coffee tariffs.
- Absence of any mention of GLP-1 weight loss drugs suggests the company avoids acknowledging a major disruptive threat.