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 headlines in midday trading.Target — Target shares added 2.9% even after the retailer cut its full-year earnings forecast and second-quarter sales fell short of expectations. The company reported earnings of $1.80 per share on revenue of $24.77 billion. Wall Street analysts surveyed by Refinitiv...
Don’t give up so quickly, all you browbeaten ESG investors. Consider impact investing instead. All the recent political furor surrounding environmental, social and governance investing has an increasing number of investors who were once looking to do well by doing good now saying good riddance to the whole idea of...
A promising opportunity lies on the horizon: the private real estate sector. Conversations with managers have revealed a developing potential within this space. Private real estate, as an asset class, is influenced by various market uncertainties that also impact other sectors. Factors like inflation, rising interest rates and financial challenges...
Every spring across the beaches of the Delaware Bay, thousands of rufa red knots — robin-sized shorebirds — arrive from the tip of South America for the horseshoe crab spawning season to refuel for the remainder of their 9,000-mile migration to the Arctic. This May, with considerably less fanfare,...
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Bobby Yip | ReutersTencent on Wednesday reported a weaker-than-expected surge in profit for the second quarter, as cost-cutting measures began to pay off and sales rose across...
dowell | Moment | Getty ImagesIf you're sitting on profitable assets, there's a lesser-known tax-gain harvesting strategy, which can help rebalance your portfolio or trim future taxes.While tax-loss harvesting can be popular during a stock market downturn, tax-gain harvesting — or strategically selling appreciated brokerage account assets — can...
The rally in equities is set to grind to a halt as investors come to grips with slowing U.S. growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management. Tighter lending standards and fledgling signs of slack in the labor market suggest that...
