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Nike welcomes boomerang CEO with $27 million payday
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
Nike to Replace CEO Donahoe With Longtime Company Veteran
Nike Inc. announced that longtime executive Elliott Hill is coming out of retirement to replace John Donahoe as chief executive officer.
Bank stocks rise on Fed rate-cut rally
US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve, a sign of bullishness among investors who now expect an easing of monetary policy will boost Wall Street giants and
Dow, S&P 500 Hit Records After Rate Cut
The rally was a delayed yet emphatic response to the central bank’s decision Wednesday to cut interest rates by a half percentage point that pushed the S&P 500 to its first reco
Nvidia, AMD stocks lead tech rally after Fed rate cut
AI chipmakers Nvidia (NVDA) and Advanced Micro Devices (AMD) led the tech stock rally Thursday following the Federal Reserve’s sizable, 50 basis point interest rate cut. Nvidia stock jumped more than
One number shows why the economy might not get the immediate relief many hope for
For consumers to get more relief in the form of lower borrowing costs, the 10-year Treasury yield needs to move lower.
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise. Existing
Trump’s Tariff Plan Falls Well Short of Filling His Budget Hole
Donald Trump has promised to use sweeping new tariffs to fund everything from tax cuts to child care. But economists say the new import charges are unlikely to create anything close to the revenue
Trump Media’s Truth Social Faces Key Moment Friday. What It Means for DJT Stock.
The volatile Trump Media stock will face a crucial day tomorrow. Donald Trump and other insider investors in the Truth Social parent company will be able to sell shares as the lockup period after the
Steward Health CEO Held in Criminal Contempt by Senate Committee
US senators investigating the collapse of Steward Health Care voted Thursday to pass civil and criminal contempt resolutions against the embattled health system’s chief executive officer after he
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue
FedEx’s results were dragged down by a shift in the mix of it business that saw reduced demand for priority services, increased demand for deferred services and constrained yield growth.
Starbucks New CEO on Return to Office: ‘We’re All Adults Here’
New Starbucks Corp. Chief Executive Brian Niccol thinks his employees should be wherever they need to be to get their jobs done. More often than not, he said, that place is the office.
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