Business

Nike (NKE) named a new CEO Thursday, sending its stock up nearly 10% in after hours trading as the company attempts to reinvigorate slowing sales growth amid increased competition. Elliott Hill, a former Nike executive who retired in 2020, will return to the company as the CEO and president on …

Donald Trump recently said he would not sell his stock in Trump Media & Technology Group (DJT). But, starting Thursday, he will have that option — something that’s not been available since the social media company went public in March. “I have absolutely no intention of selling,” the former president …

By Medha Singh and Noel Randewich (Reuters) – While former U.S. President Donald Trump has said he will not sell his $1.7 billion stake in Trump Media after restrictions likely expire on Thursday, other insiders could soon cash in their gains. Trump Media & Technology Group is 57% owned by …

The Federal Reserve’s half-percentage-point interest rate cut could have shaken markets had it exacerbated investor fears that the central bank was preparing for an economic slowdown. Instead, Fed Chair Powell appears to have convinced investors the central bank is cutting rates to keep the economy on track, not to save …

Gold (GC=F) hovered near record highs Thursday, supported by the Fed’s jumbo rate cut and a weakening dollar. Analysts expect the precious metal to go even higher. Gold futures climbed to trade just above $2,600 after touching fresh records in the prior session immediately after the Federal Reserve announced a …

Dividend Investor Making $110,000 Shares His Portfolio: Top 12 Stocks and ETFs You Might Be Missing Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Dividend investing took a back seat ever since the AI-led craze caused everyone to pile into technology …

Donald Trump recently said he would not sell his stock in Trump Media & Technology Group (DJT). But, starting Thursday, he will have that option — something that’s not been available since the social media company went public in March. “I have absolutely no intention of selling,” the former president …

US stocks soared on Thursday amid growing optimism that the Federal Reserve’s jumbo interest-rate cut will deliver a “soft landing” for the US economy. The S&P 500 (^GSPC) climbed roughly 1.7%, while the Dow Jones Industrial Average (^IXIC) rose more than 500 points, with both trading around closing record highs. …

One of the biggest opportunities among artificial intelligence (AI) investments is semiconductor stocks. Of course, some obvious opportunities include such powerhouses as Nvidia and Advanced Micro Devices. Both companies make chipsets called graphics processing units (GPUs), which play a critical role in developing generative AI applications. Below, I’ll explain why …

Elon Musk Says Warren Buffett Is Positioning For Kamala Harris Win With His $277B Cash Pile As Pro-Trumper John Paulson Warns Of Equity Market Exit While Vice President Kamala Harris surges ahead in polls against her Republican rival Donald Trump, she hasn’t found much traction in the business and investing …