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Guess Macro — Tuesday, August 25, 2026

The five questions from Tuesday, August 25, 2026, with their answers. This puzzle is no longer playable; today's game is on the home page, and the last seven days can still be played in the practice archive.

1 Denmark's container-shipping giant raised its 2026 earnings outlook for the second time this year after preliminary second-quarter EBITDA of about $3 billion beat the $2.04 billion analysts expected, sending the shares up 7%. Name the company.

Answer: MAERSK (6 letters)

2 The University of Michigan's monthly survey of how American households view their own finances and the wider economy slumped to 51.0 in August from 55.2 in July, a warning sign for spending. What one-word gauge of consumer mood does that index measure?

Answer: SENTIMENT (9 letters)

The prevailing attitude of investors or consumers toward conditions, measured by surveys or inferred from positioning.

More on sentiment in the glossary

3 This Illinois-based maker of farm and construction machinery posted quarterly profit of $1.38 billion for the period ended August 2, up from $1.29 billion a year earlier, and lifted its full-year forecast; the stock jumped about 6%. Name the company.

Answer: DEERE (5 letters)

4 In bond markets, this is the extra yield a corporate bond offers over a government bond of similar maturity, compensating investors for default and liquidity risk; it widens when credit conditions deteriorate. What is the term?

Answer: SPREAD (6 letters)

The difference between two prices or rates - between a bond's yield and a government benchmark, or between the bid and ask in a quoted market.

More on spread in the glossary

5 In late August, trading desks run half-staffed and order books thin out, so a modest order can shift prices far more than usual and volatility spikes. What single word names the market quality — being able to trade size quickly without moving the price — that dries up?

Answer: LIQUIDITY (9 letters)

How quickly an asset can be converted to cash without materially moving its price.

More on liquidity in the glossary

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