Business News
Nike's new CEO can't rest on retro styles and must innovate to turn the company around, analyst says
msn.com
With Nike's new incoming CEO Elliott Hill, Nike needs to re-focus on innovation and selling great stories around its shoes, an analyst told BI....
Read more
Read more
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
Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow rose 633 points, or 1.5%, on Thursday afternoon to pass 42,000. The S&P 500 gained...
Read more
Read more
Moscow redirected oil sales, but forging new routes for other commodities proves difficult amid high costs and U.S. sanctions....
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
Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy
msn.com
The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen's slide against the U.S. dollar....
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
