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Nike CEO John Donahoe will retire from the company in October. He will be replaced by company veteran Elliott Hill.

Asset prices soared as investors took Powell at his word that the outsized rate cut wasn’t in response to a substantial economic weakening.

Thursday’s relief rally notwithstanding, a turbulent period probably awaits investors as the year winds down.

Following the Federal Reserve’s interest rate cut, tech stocks had a slightly delayed rally but jumped on Thursday, with the Nasdaq climbing 2.5%.

The company’s Slack server was hacked in July, leading to more than a terabyte of company data being leaked to the public.

Starmer insists he is setting out reality of ‘badly damaged economy’ as GfK survey shows sharp fall in household morale

The recall covers a discontinued version of its platform beds, which the company says were manufactured between 2019 and 2021.

The U.S. came in last in three of five categories—equity, health outcomes, and access to care—in addition to having the poorest overall ranking.

Veteran executive Elliott Hill retired from the retailer in 2020—and he’s back.

“The Fed is cutting into one of the stronger economies we’ve seen in years,” Yardeni Reseach’s Eric Wallerstein told Fortune.