Business News
To welcome him back into the fold, Nike offered Hill a total compensation package valued at $27 million. That includes equity and cash awards valued at $7 million to make him whol...
Read more
Read more
Nike stock was soaring after the company announced that it’s CEO would retire. CEO John Donahoe will be stepping down Oct. 13, and will remain an advisor to the company through Jan. 31. He will be...
Read more
Read more
The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune....
Read more
Read more
AI chipmakers Nvidia (NVDA) and Advanced Micro Devices (AMD) led the tech stock rally Thursday following the Federal Reserve’s sizable, 50 basis point interest rate cut. Nvidia stock jumped more than...
Read more
Read more
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results....
Read more
Read more
Nike (NKE) named a new CEO Thursday, sending its stock up nearly 10% in after hours trading as the company attempts to reinvigorate slowing sales growth amid increased competition. Elliott Hill, a...
Read more
Read more
At the same time, mortgage rates measured weekly by Freddie Mac descended to 6.09% this week, the 30-year fixed rate’s lowest level since early 2023. What gives? The Fed cut int...
Read more
Read more
Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.6% higher in early...
Read more
Read more
Hong Kong’s biggest share sale in more than three years is fueling hopes China’s dormant billionaire deal pipeline may come back to life....
Read more
Read more
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise. Existing...
Read more
Read more
