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At the time, the company said that given the new tariffs, it expected coffee prices for the full fiscal year would increase in the mid-20% range from the year before.

In that quarter, Fresh Del Monte’s banana sales rose 3.7% from a year ago, but that was only because of higher prices — including “tariff-related price adjustments in North America” — because the volume of bananas sold actually declined.

However, as investors trim their expectations for a December interest-rate cut from the Federal Reserve and as soft labor-market data raises concerns about the economy, risk assets broadly, including bitcoin, have come under renewed pressure, Kruger noted.

But moving a sneaker line from a well-known brand like Under Armour to an independent one will be tricky.

Earlier this year, Meta offered up pay packages worth as much as $300 million to poach top-level researchers from rival OpenAI, according to Wired.