Business News
Nike Inc. ousted beleaguered chief executive John Donahoe, bringing longtime executive Elliott Hill out of retirement to return the struggling athletic brand to its glory days....
Read more
Read more
To welcome him back into the fold, Nike offered Hill a total compensation package valued at $27 million. That includes equity and cash awards valued at $7 million to make him whol...
Read more
Read more
Elliott Hill, the newly named chief executive officer of Nike Inc., acknowledged that things have been rough for the world’s largest sportswear brand in his first message to staff on Thursday....
Read more
Read more
The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune....
Read more
Read more
US senators investigating the collapse of Steward Health Care voted Thursday to pass civil and criminal contempt resolutions against the embattled health system’s chief executive officer after he...
Read more
Read more
Sales of existing homes fell in August as house hunters remained on the sidelines despite mortgage rates hitting their lowest level in over a year. Existing home sales dropped 2.5% from July to a...
Read more
Read more
At the same time, mortgage rates measured weekly by Freddie Mac descended to 6.09% this week, the 30-year fixed rate’s lowest level since early 2023. What gives? The Fed cut int...
Read more
Read more
That could change if insiders such as Trump, the current Republican presidential nominee, decide to sell their stock and increase the number of shares in circulation. “Not only...
Read more
Read more
Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would...
Read more
Read more
The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%....
Read more
Read more
