As Nike (NKE) gears up for a pivotal leadership transition, the iconic brand faces a challenging road ahead in an increasingly competitive retail landscape, according to a research note from financial firm Jefferies (JEF).
Mortgage rates ticked up slightly for the first time in months last week, cooling off hot demand for refinancing. But demand for purchase applications — mortgages to buy a home — continued to rise.
Nike (NKE) is striving to “Just Do It,” but its latest quarterly earnings suggest it may be too soon to determine success. Now, the company has postponed its investor day, which was set for November.
"We believe this quarter is a major step in the right direction for the Tesla story," the Wedbush analyst Dan Ives said.
The Dow Jones Industrial Average fell by more than 300 points Tuesday morning following the Federal Reserve’s signal that future interest rate cuts will be less aggressive. The comments by Fed chair Jerome Powell on Monday came less than two weeks after the Federal Open Market Committee approved a half-percentage-point (50 basis points) cut, marking its first reduction after years of hikes to address post-pandemic inflation. Additionally, due to Iran planning an attack on Israel, oil prices incr
Boeing (BA) is weighing selling new stock in an effort to boost its balance sheet.
The Dow Jones Industrial Average (DJIA) dropped more than 350 points Monday afternoon after Federal Reserve Chair Jerome Powell said that more interest rate cuts were coming, but that the central bank is not in a rush to “cut rates quickly.”
Super Micro Computer (SMCI) is set to undergo a stock split after the market closes on Monday, aligning itself with other prominent AI-driven companies like Nvidia and Broadcom, which also executed stock splits earlier this year. Following the split, the stock will begin trading Tuesday at its adjusted—and substantially lower—price.
The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.
LONDON/SYDNEY (Reuters) -World shares edged off record highs on Monday as strife in the Middle East fuelled economic uncertainty, just as China shares posted their biggest one-day gain in 16 years thanks to Beijing's latest raft of stimulus policies. Japan's Nikkei slumped almost 5% after perceived monetary policy hawk Shigeru Ishiba won a leadership contest to become the country's prime minister. The exception was China.