Warren Cohen, Author at The Financial Wire

Markets and Macro

Nike expects its sales to keep falling into next year as tariffs and cautious shoppers bite

Nike told investors it expects revenue to keep declining into fiscal 2026, citing tariff-driven cost increases and consumers pulling back on discretionary spending. The warning came alongside the company’s fourth-quarter earnings release for fiscal 2025, which showed multiple consecutive quarters of sales drops across both wholesale and direct-to-consumer channels. For shoppers, retailers, and investors, the…

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Jeremy Grantham, who called the 2000 crash, says this is the most expensive market in history and could fall 70%

Warren Cohen4 days ago4 days ago08 mins

Jeremy Grantham, the co-founder of GMO who correctly predicted the 2000 dot-com bust, declared on June 26, 2026, that U.S. equities have become the most expensive market in recorded history and warned that prices could fall as much as 70 percent. His claim rests on the ratio of total stock market value to gross domestic…

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The SAVE student-loan plan is gone, replaced by a new Repayment Assistance Plan

Warren Cohen4 days ago4 days ago09 mins

Federal student-loan borrowers enrolled in the SAVE repayment plan, or hoping to join it, now face a hard deadline. The U.S. Department of Education published a final rule on May 1, 2026, replacing SAVE and all other income-driven repayment options with two new tracks: the Repayment Assistance Plan and a Tiered Standard plan. The rule…

Neiman Marcus flagship store in Downtown Dallas, Texas

The downtown Dallas Neiman Marcus is closing for good, ending 67 jobs

Warren Cohen4 days ago4 days ago09 mins

Sixty-seven workers at the downtown Dallas Neiman Marcus store will lose their jobs when the location shuts its doors for good on Sept. 30, 2026. Saks Global, the parent company operating under Chapter 11 bankruptcy protection, filed the required layoff notice with the state on June 12, setting a firm deadline for the flagship store’s…

The plant that first made Flamin’ Hot Cheetos is closing after nearly 35 years

Warren Cohen4 days ago4 days ago08 mins

Nearly 250 workers at the Frito-Lay plant in Rancho Cucamonga, California, are losing their jobs as the snack giant shuts down a facility that operated for close to 35 years. The closure, which unfolded in stages beginning in mid-2025, marks the end of a site long associated with the production of Flamin’ Hot Cheetos and…

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Even high earners can still fund a Roth through the backdoor after the 2026 income phase-out

Warren Cohen4 days ago4 days ago09 mins

Workers earning well above the Roth IRA income thresholds will not lose access to tax-free retirement growth in 2026. The IRS confirmed that the individual retirement account contribution limit rises to $7,500 for the year, and income phase-out ranges for direct Roth IRA eligibility also increased. But the two-step conversion strategy known as the backdoor…

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A proposal in Congress would cut disability benefits for 1.5 million veterans

Warren Cohen4 days ago4 days ago010 mins

Roughly 1.5 million veterans who receive disability compensation could see their benefits reduced under a bill that House Republicans have moved toward a floor vote. H.R. 9237, titled the Take Care of America’s Veterans Act, includes a provision known as Section 108 that would offset the cost of expanding benefits for combat-injured military retirees by…

Bitcoin has slid to about $58,000 as investors pull the most money ever out of Bitcoin ETFs

Warren Cohen4 days ago4 days ago09 mins

Bitcoin holders watching their portfolios shrink have a new data point to consider: the iShares Bitcoin Trust ETF, the largest spot bitcoin fund in the United States, has been filing updated disclosures with the SEC that spell out exactly how large-scale redemptions force the trust to liquidate actual bitcoin. With the cryptocurrency sliding to roughly…

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Several class-action settlements are open this summer, and most pay out with no proof at all

Warren Cohen4 days ago4 days ago08 mins

Consumers who were charged for Amazon Prime memberships they never agreed to can now file for refunds through a federal program that requires no receipts, no screenshots, and no proof of purchase. The Federal Trade Commission, which accused Amazon of enrolling people without clear consent and then making cancellation deliberately difficult, maintains an active refund…

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A British man was sentenced for a nearly $100 million Ponzi scheme built around a fake wine company

Warren Cohen4 days ago4 days ago09 mins

James Wellesley, a British citizen who operated under at least two aliases, was sentenced to 10 years in federal prison for orchestrating a $97 million Ponzi scheme through a sham wine investment company called Bordeaux Cellars. U.S. District Judge Pamela K. Chen imposed the sentence after Wellesley pleaded guilty to wire fraud conspiracy in Brooklyn…

Warren Cohen

Nike expects its sales to keep falling into next year as tariffs and cautious shoppers bite

Jeremy Grantham, who called the 2000 crash, says this is the most expensive market in history and could fall 70%

The SAVE student-loan plan is gone, replaced by a new Repayment Assistance Plan

The downtown Dallas Neiman Marcus is closing for good, ending 67 jobs

The plant that first made Flamin’ Hot Cheetos is closing after nearly 35 years

Even high earners can still fund a Roth through the backdoor after the 2026 income phase-out

Bitcoin has slid to about $58,000 as investors pull the most money ever out of Bitcoin ETFs

Several class-action settlements are open this summer, and most pay out with no proof at all

A British man was sentenced for a nearly $100 million Ponzi scheme built around a fake wine company

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