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.
Stocks, bonds and the dollar saw small moves, with a mixed inflation report reinforcing speculation the Federal Reserve will pause its rate hikes — but refrain from calling the end of its tightening cycle. The S&P 500 was little changed. The Dow Jones Industrial Average underperformed. American Airlines Group Inc....
Household incomes fell in a third of all states nationwide last year, while just five saw median income levels improve, according US Census Bureau data. Household incomes fell in 17 states, mostly in the upper Midwest, one-year estimates from the American Community Survey found. Michigan, Pennsylvania, and Ohio — widely...
Citi has announced a significant change to its organizational model and its management structure. The move will see Andy Sieg, the firm’s new wealth business leader, take a seat on the executive management team along with the leaders of the firm’s other interconnected businesses. Sieg joins the firm on Sept....
A financial advisor who began her career as a branch office administrator at Edward Jones is returning to the firm in Winchester, Virginia. Julie Wise rejoins the firm after eight years with Wells Fargo Advisors, where she was part of a team managing $300 million in client assets. Wise spent three...
Investcorp’s Jeremy Ghose is a popular man. Ever since the $50 billion firm snapped up alternative-credit manager Marble Point late last year, he’s been juggling calls from bankers and firms pitching similar deals. “People know we’re in acquisition mode and they know we have the ability to write checks,” says...
Bridgewater Associates LP founder Ray Dalio said he doesn’t want to own bonds and prefers cash, highlighting difficulties investors face as global central banks try to manage inflation. “I don’t want to own debt, you know, bonds and those kinds of things,” the billionaire said Thursday at the 10th Milken...
Apple made history as the world’s first $3 trillion company but how have the big cap firms changed over the past 40+ years? A new report from City Index looks back at the top 10 firms by market cap in 2000 and 1980 to highlight how the stock market has...
