Uncategorized
Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill
Nike CEO John Donahoe will retire from the company in October. He will be replaced by company veteran Elliott Hill.
Uncategorized
Disney to ditch Slack after July data breach
The company’s Slack server was hacked in July, leading to more than a terabyte of company data being leaked to the public.
Uncategorized
Tesla, Nvidia lead tech-heavy Nasdaq to one of best days of 2024 after Fed rate cut
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%.
Uncategorized
Volatility looms as election season heats up. Fortify your portfolio against autumn market shocks
Thursday’s relief rally notwithstanding, a turbulent period probably awaits investors as the year winds down.
Uncategorized
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn’t in response to a substantial economic weakening.
Uncategorized
Nike welcomes new CEO with $27 million payday
Veteran executive Elliott Hill retired from the retailer in 2020—and he’s back.
Uncategorized
America ranks worst in the world for health care—despite spending trillions
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.
Uncategorized
Beds sold at Amazon, Walmart recalled due to collapse hazard
The recall covers a discontinued version of its platform beds, which the company says were manufactured between 2019 and 2021.
Uncategorized
A juicy rate cut and new evidence of a surprisingly resilient economy, Yardeni Research calls it ‘nirvana’
“The Fed is cutting into one of the stronger economies we’ve seen in years,” Yardeni Reseach’s Eric Wallerstein told Fortune.