Here’s which sectors are showing bifurcation

Coke beverages are displayed in a 7-eleven convenient store on July 17, 2025 in Austin, Texas. Brandon Bell | Getty Images Amid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending. Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described…

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Musk’s ad chief at X departs after just 10 months

John Nitti has left his post as advertising chief of X after just ten months, Financial Times report, Nitti, who joined just 10 months ago as global head of revenue operations and advertising innovation, was considered a possible successor to former CEO Linda Yaccarino, who resigned in July. His exit adds to a series of…

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