Cathie Wood, a fund manager, made a bold move on both American Express and Costco, leading her to sell AI stocks after the news broke on July 1, 2025.

The entities involved

• American Express →

  American multinational financial services corporation

  • Goldman Sachs chief economist discusses how AI pressure is extending beyond Silicon Valley to affect large financial firms like American Express.07:58
  • Reuters reported on American Express spending and a company reported earnings in New York.Sat 19:58
• Costco →

  American multinational chain of membership-only stores

  • Trump's tariffs and the Iran conflict are driving up costs, while El Niño adds to global supply chain disruptions affecting companies like Costco.13:32
  • Costco is located in El Centro, and the war in Iran is exacerbating inflation in the valley.12:22
• Cathie Wood →

  American investor and businesswoman; CEO of Ark Invest

  • Cathie Wood leads Ark Invest, which is tracking Netflix's strategic shifts as it loses viewing share to YouTube.Fri 05:05

Related events

• Berkshire Hathaway, guided by Warren Buffett and Charlie Munger, has invested in American Express and acquired Coca-Cola.Jun 20