Last year, many investors were very afraid of a recession. But the Federal Reserve Bank’s decision to pause interest rate hikes has many on Wall Street now calling for a so-called soft landing – or bringing inflation under control without triggering a recession. There is more good news. While Nasdaq Composite has already gained 43% … [Read more…]
Nike shares plunged 12% on Friday after the company reported declining sales and a plan to cut costs by $2 billion over the next three years. The company expects revenue to rise about 1% in the fiscal year ending May 31, below the mid-single digits previously expected. With shares down 12.9% in midday trading, MarketWatch … [Read more…]
(Bloomberg) — The dollar slipped and U.S. stocks were expected to recover from Wednesday’s decline as attention returned to possible interest rate cuts by the Federal Reserve and other central banks. Most read by Bloomberg While Europe’s Stoxx 600 index fell, following Wall Street’s weak close, futures for the S&P 500 and Nasdaq 100 rose … [Read more…]