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.
When household budgets are squeezed, it can be hard to prioritize finances for the future when bills need to be paid today. But such is the importance placed on retirement savings by millions of working Americans that continuing to make contributions to their 401(k) remains a priority even as stubborn...
Fitch Ratings in New York, United States.Cem Ozdel | Anadolu Agency | Getty ImagesGrowing political instability means the U.S. will not regain its AAA rating with Fitch for the foreseeable future, according to Elliot Hentov, head of macro policy research at State Street Global Advisors.Global stock markets fell sharply...
The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, Britain.Reinhard Krause | ReutersIt's not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the top rating from Fitch. According to the firm, it's going...
The race is on in the exchange-traded fund business to offer the first ether futures product. Since last Friday, five providers have filed prospectuses with the Securities and Exchange Commission for a total of six products. Most of those filings came Monday and Tuesday, after Volatility Shares kicked off the...
No two ways about it, the retirement crisis is coming. And while lifetime income solutions like annuities may not solve the entire problem, they certainly won’t hurt. An estimated 40.6% of all U.S. households headed by someone aged 35 to 64 are projected to run short of money during retirement,...
The Securities and Exchange Commission on Tuesday barred a former broker, Steven K. Woodard, who was based in Hawaii and allegedly preyed on members of his church in a $6 million scam. The SEC’s action against Woodard, 63, comes just days after it charged Brent Seaman of Naples, Florida,...
A class at Princeton University in New Jersey.Princeton University, Office of CommunicationsWhen it comes to elite college admissions, most expert agree: The Supreme Court's ruling on the affirmative action admission policies of Harvard University and the University of North Carolina could have an immediate effect on who gets in and why.That may...
