More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.
Gasoline prices are on the rise this election year, and President Joe Biden’s team wants to make sure they’re “affordable” for Americans — but can the White House actually do that?
Rates on U.S. government debt finished slightly lower on Friday after Israel’s limited retaliation against Iran led to a modest flight-to-safety trade, yet yields still advanced for the third or fourth week in a row.
The decline in Magnificent Seven stocks has erased a collective $934 billion from their market capitalizations so far this week.
ARK Invest ETFs bought roughly $26 million of Tesla stock in the past three days, and more than $100 million in April.
“I got the email on my off day, and they sent it in the middle of the night — no warning,” one former Tesla employee said about the layoffs.
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?
Being long U.S. stocks — especially large-cap U.S. stocks — has paid off for investors over the long term. But at least one stalwart bull is starting to question whether they are still worth it at current levels.
Paramount’s bonds that mature in 2032 and 2036 are currently yielding more than 7%.
Shares of movie-theater chain and original meme stock AMC are up three of the past four days.