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Nike is cutting jobs again, impacting less than 1% of its corporate staff. This is part of CEO Elliott Hill's plan to restructure the company, focusing on sports and athletic culture rather than the previous men's, women…
Nvidia exceeded expectations in its second fiscal quarter, reporting $46.74 billion in revenue, a 56% year-over-year increase. While data center revenue slightly missed projections at $41.1 billion, it still showed stron…
Best Buy exceeded Wall Street's expectations for its recent quarter, reporting earnings per share of $1.28 (vs. $1.21 expected) and revenue of $9.44 billion (vs. $9.24 billion expected). However, they maintained their fu…
Japan's top trade negotiator, Ryosei Akazawa, canceled a US trip due to unresolved issues with the US-Japan trade deal. The disagreement centers on US tariffs, specifically a lack of written confirmation reducing auto ta…
Despite Nvidia's disappointing sales forecast, the stock market's record-breaking rally continues. S&P 500 futures saw a slight dip initially but quickly recovered, only falling 0.1%. Nvidia's stock dropped 3% after-hour…
Germany's Rheinmetall, Europe's largest arms manufacturer, opened a new munitions factory to produce 155 mm artillery shells for Ukraine. The factory, costing €500 million, will eventually produce 350,000 shells annually…
Nvidia, a major player in the AI boom, reported strong Q2 results, exceeding expectations with $46.7 billion in revenue—a 56% year-on-year increase. They projected $54 billion in Q3 sales. While their stock initially sur…
Crumbl Cookies CEO Sawyer Hemsley recently revealed he's gay on Instagram, after an influencer speculated about his sexuality in a viral TikTok video. Hemsley's unplanned coming out highlights the pressure celebrities fa…
Kohl's exceeded Wall Street's expectations in its second-quarter earnings, sending its shares up over 20%. Despite a sales decline and leadership changes (with three CEOs in three years), the company narrowed its full-ye…
Puerto Rico's power utility, bankrupt for nearly a decade, faces a potential collapse of its debt-cutting plan. Investors, including BlackRock, threaten to withdraw after the Trump administration dismissed the island's f…
New US rules eliminating the $800 tariff exemption on imported goods are causing major disruptions. Japan, Australia, Taiwan, and other countries are suspending parcel shipments to the US due to logistical challenges and…
A Hong Kong-based scooter-sharing company, Lightning Shared Scooter Co. (LSSC), ran a massive investment scam, defrauding hundreds or thousands of people across the US. Victims, including police officers, military person…
The US government is taking a 10% stake in Intel, despite Intel's partnerships with several Chinese surveillance firms sanctioned for human rights abuses. These firms, including Uniview, Hikvision, and Cloudwalk, use Int…
Student housing rent growth is slowing down, impacting the real estate market. July saw only a 0.9% increase, a significant drop from previous years' growth of 5.7% and 6.9%. This slowdown affects both high-end and budge…
Frontier Airlines is expanding into many of Spirit Airlines' markets, adding 20 new routes this winter. This move comes as Spirit faces financial difficulties, warning it might not survive another year. Frontier overlaps…
Keurig Dr Pepper, formed in 2018, is splitting into two separate companies. One will focus on coffee, including the newly acquired Peet's Coffee for $18 billion, expanding its global reach. The other will concentrate on …
US stocks saw a mixed performance on Monday. While tech giants like Nvidia and Intel boosted the Nasdaq and S&P 500, overall gains were limited. The S&P 500 dipped slightly, despite a strong Friday showing. This followed…
The US government is increasingly taking equity stakes in companies, potentially forming a sovereign wealth fund. This followed a near 10% stake in Intel using CHIPS Act funds. While this was initially framed as a specia…
Wall Street saw a slight dip on Monday, following a strong previous week fueled by anticipated Federal Reserve interest rate cuts. The S&P 500 and Dow Jones Industrial Average fell slightly, while the Nasdaq remained rel…
Evergrande, once China's largest property developer, has been delisted from the Hong Kong stock exchange. After an 18-month trading freeze, the company, once valued at US$50 billion, was liquidated. Its value plummeted t…
Stifel is optimistic about Nvidia's upcoming earnings report, maintaining its "overweight" rating and raising its price target to $212, suggesting a potential 19% increase from Friday's closing price. Analyst Ruben Roy c…
Orsted, a wind farm developer, faced a major setback when the U.S. government halted construction of its nearly complete Revolution Wind Project off Rhode Island. This led to a 17% drop in Orsted's share price, hitting a…
A massive $25 trillion in real estate owned by older generations is set to be inherited, potentially causing family conflict. Experts advise proactive planning to avoid disputes and tax burdens. Strategies include transf…
President Trump announced an investigation into imported furniture, potentially leading to new tariffs within 50 days. This could significantly impact major furniture companies like Wayfair, RH, and Williams-Sonoma, whic…
The Dow Jones Industrial Average hit a record high on Friday, climbing 846.24 points (1.89%) to 45,631.74, following Federal Reserve Chair Jerome Powell's suggestion of potential monetary policy easing next month. The S&…