Nike’s (NKE) shares dropped 8% during early trading hours on Wednesday after the company withdrew its full-year guidance and postponed its investor day. The moves created uncertainty among investors on the company’s turnaround efforts under incoming CEO Elliott Hill, who takes over on October 14.
As Nike (NKE) gears up for a pivotal leadership transition, the iconic brand faces a challenging road ahead in an increasingly competitive retail landscape, according to a research note from financial firm Jefferies (JEF).
Mortgage rates ticked up slightly for the first time in months last week, cooling off hot demand for refinancing. But demand for purchase applications — mortgages to buy a home — continued to rise.
Harris and Trump are trying to reshape investment and redistribute income and economic activity to their favored sectors.
DeFi's transformative potential is making a comeback, and these standout projects are poised to drive the next wave of innovation.
What if artificial intelligence combines with cryptocurrency? The answer would perhaps be the future of everything.
Bitcoin fell to $60,000 on Tuesday evening as tensions in the Middle East worsened due to Iran’s attack on Israel. The leading cryptocurrency dropped nearly 5%, trading at $60,834.
Nike (NKE) is striving to “Just Do It,” but its latest quarterly earnings suggest it may be too soon to determine success. Now, the company has postponed its investor day, which was set for November.
With less than 35 days until the U.S. presidential election, the crypto industry seems to be hoping for more favorable regulations in the near future.
"We believe this quarter is a major step in the right direction for the Tesla story," the Wedbush analyst Dan Ives said.
