Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly. Jeff Greenberg | Universal Images Group | Getty ImagesFedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.Shares...
Check out the companies making headlines in extended trading: Nike — Shares soared 10%. The sneaker company announced that CEO John Donahoe would step down from the role on Oct. 13. Nike veteran Elliott Hill, who had been at the company for 32 years before retiring in 2020, will...
Check out the companies making headlines in midday trading: Tech stocks — Key tech names rallied a day after the Federal Reserve's supersized rate cut decision. Tesla and Meta jumped around 7% and 4%, respectively, while chip darlings Nvidia and ASML each advanced more than 5%. Edgewise Therapeutics —...
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank.At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as he...
LAS VEGAS, United States, September 19th, 2024, ChainwireBlockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program...
Miami Beach, Florida, FedEx Express...
Check out the companies making...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
CEO pay at many of the biggest companies in the U.S. has snowballed over the past decade to levels hundreds or even thousands of times higher than median salaries — and in a lot of cases, the higher compensation isn’t reflected in financial performance. That applies to the financial services...
Check out the companies making headlines in extended trading. Cisco Systems – Shares tumbled nearly 11% after the digital communications company offered worse-than-expected guidance for the current quarter and full year. That pulled attention away from a strong report for the fiscal first quarter, with Cisco beating the consensus...
House legislation to fund the Department of Labor contains provisions to kill the agency’s proposal to raise investment advice standards for retirement accounts, but the effort to scuttle the regulation faces strong opposition from Democrats. While the financial industry is trying to stop the p Learn more about reprints and licensing...
Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.Adam Galica | CNBCCisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter...
Stan And Kyle From The Episode "Clubhouses."Getty Images | Hulton Archive | Getty ImagesA judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series "South Park."New York state Supreme Court Justice Margaret Chan said...
The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty ImagesThe Federal Aviation Administration has cleared Elon Musk's SpaceX to launch the second spaceflight attempt of its towering Starship rocket, the...
After two acquisitions so far this year, AlTi Global Inc., the giant registered investment advisor that targets wealthy clients, continues to see potential mergers and acquisition targets on the horizon. With $68 billion in client assets, AlTi Global has had a busy year. Since its merger wit Learn more about...
