Reported 30 minutes ago
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
In a recent discussion, Morgan Stanley's Jim Caron suggested that Federal Reserve Chair Jerome Powell 'strong-armed' the committee into a 50-basis-point interest rate cut, reflecting regret over a prior decision not to cut rates in July. While the committee generally agrees on needing further rate cuts in 2024, opinions diverge regarding the outlook for 2025 and 2026. Caron highlighted the dual risks of a rapid rate cut possibly stoking inflation, while insufficient cuts might lead to a more severe economic downturn.
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
In a recent discussion, Evercore ISI’s Julian Emanuel advised investors not to interpret the Federal Reserve's recent rate cuts as the start of a 'new era'. He highlighted that historically, such cuts support equity markets, predicting potential gains into 2025, especially for tech and small-cap stocks. Emanuel cautioned against complacency, emphasizing the uncertainty in macros and AI stock validity, but expressed optimism about AI as a productivity enhancer, bolstered by Microsoft's recent partnership with BlackRock.
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Nike has announced the appointment of former executive Elliott Hill as its new CEO, effective October 14, as the company seeks to revitalize its slowing sales amid rising competition. Hill, who previously led Nike's consumer and marketplace division, will replace current CEO John Donahoe, who is retiring. This leadership change comes at a crucial time for Nike, whose stock has seen significant drops this year, emphasizing the need for strategic changes to counter declining revenue and direct-to-consumer sales.
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 3 hours ago
Nike has announced the return of Elliott Hill as CEO, succeeding John Donahoe, who is set to retire. Hill, a veteran with a 32-year history at Nike and a key figure in expanding its market presence, will officially take over on October 14. This leadership change follows pressures on sales and competition from rival brands. Analysts are optimistic about Hill's return, believing it could rejuvenate Nike's performance amid current market challenges.
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
The US stock market surged on Thursday, with the Dow Jones Industrial Average surpassing 42,000 for the first time and both the S&P 500 and Nasdaq Composite achieving record highs after the Federal Reserve announced a substantial 50 basis point rate cut. Investor optimism surrounding the potential for a 'soft landing' for the economy drove significant gains in major tech stocks, including Nvidia, Apple, and Tesla. Analysts predict further rate cuts this year, signaling a hopeful outlook for the markets as jobless claims fell to their lowest level in four months.
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
Palantir Technologies has been awarded a $100 million contract to expand access to its AI-powered Maven Smart System, allowing more US military personnel to utilize its advanced digital warfare tools. This system, which integrates US intelligence data and utilizes computer vision algorithms, has been instrumental in military operations, including airstrike targeting in the Middle East. The contract will extend access to all branches of the US military, marking a significant step in modernizing their operational capabilities.
Source: YAHOO
Reported about 3 hours ago
Donald Trump announced he would not sell his stock in his social media venture, Truth Social. However, starting Thursday, he technically can, following the expiration of a six-month lockup period. While he asserted his intention to hold on to the shares, the stock has experienced significant volatility, dropping over 60% since its public debut. Trump's firm has faced scrutiny following a net loss report and fluctuating market value.
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO