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.
Al Gore, the former U.S. vice president turned climate crusader, says Big Oil and the banks backing it still have huge financial incentives to stick with fossil fuels, even though their decision to do so is the leading cause of the climate crisis. Bankers “are profiting hugely” from their role...
A.P. Moller-Maersk, is one of the world's biggest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade.Andia | UIG via Getty ImagesCopenhagen, DENMARK — Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol, a...
By Richard McCall, the CEO of Armalytix. In the face of the current cost of living crisis, consumers find themselves grappling with economic challenges unseen since the 2008 financial crisis. One difference from that time is the significant transformation of the personal finance landscape. That is due largely to advancements in...
The new leader of state securities regulators said states have an important role to play in protecting investors from the potential dangers of digital assets. Cryptocurrency, non-fungible tokens and other assets created by blockchain technology have been praised as innovations making financial markets more dynamic but also have been the...
It would be hard to overstate how consequential a pair of bills in California will be in shaping the future of greenhouse gas emissions reporting in the U.S. On Tuesday, the state legislature passed a bill, SB-253, that will require businesses with more than $1 billion in annual revenues to...
Delta's new SkyClub at John F. Kennedy International Airport in New York.Leslie Josephs/CNBCDelta Air Lines is changing how customers can earn elite frequent flyer status and is making it harder for many American Express cardholders to get into the carrier's airport lounges, the latest reality check for air travel's...
UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023Michael Wayland / CNBCDETROIT – The United Auto Workers and Detroit automakers remain far apart ahead of the union "likely" strategically striking the companies after an 11:59 p.m. ET Thursday deadline, UAW...
