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...
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.
Check out the companies making the biggest moves in premarket trading: Target — Shares surged nearly 14% after the retail giant beat earnings and revenue expectations for its third quarter, with help from as purchases in high-frequency categories like food and beauty helped boost otherwise weaker customer spending. Target...
As traditional equity and fixed-income markets become increasingly volatile, financial professionals need to find ways to differentiate themselves from their peers to continue to attract, consolidate and retain client assets. The reality is the classic 60/40 portfolio split isn’t going to win a financial practice new business or help...
Bonds are looking attractive right now and are set to be a shining light in 2024, according to a new outlook from portfolio managers at Pimco. Erin Browne, Emmanuel Sharef, and Geraldine Sundstrom have shared their Asset Allocation Outlook with InvestmentNews and their belief that bonds have rarely been as...
The team at technology-centric wealth management firm Farther is celebrating strong growth despite challenging conditions. Assets under management increased 2.4x between April and September 2023 to a total of $1.6 billion. It says that the rapid growth makes it one of the fastest venture-backed w Learn more about reprints and licensing...
US House lawmakers overcame partisan animosity Tuesday to pass a temporary government funding bill that greatly lowers the risk of a shutdown even as it delays fights over Ukraine aid, border policies and deep cuts to federal programs. Democrats bailed out newly elected Speaker Mike Johnson, a Republican whose plan...
Global bonds have been such a kicking post in recent months that it may come as something of a surprise they are just a fraction away from erasing this year’s loss. The Bloomberg Global Aggregate Bond Index jumped 1.3% Tuesday, the biggest one-day gain since March, following weaker-than-expected US inflation...
