Nike's stock jumped 17% after the company declared that the worst of its struggles is behind it, following a better-than-expected fourth-quarter earnings report despite significant challenges.
The S&P 500 and Nasdaq reached new heights as investors overlook trade war threats. Despite President Trump's recent comments on trade discussions, the market remains resilient, showcasing a historic rebound from earlier turmoil.
In a remarkable turnaround, S&P 500 and Nasdaq 100 futures have reached record highs, defying economic concerns. As investors await crucial inflation data, the market's momentum is undeniable, with significant weekly gains for major indices.
Asian stocks are on shaky ground as President Trump considers replacing Fed Chair Jerome Powell, raising concerns about the central bank's independence and market stability. With looming tariffs and inflation fears, investors are on high alert.
President Trump may soon announce a replacement for Jay Powell, stirring fears on Wall Street. As markets react, corporate leaders scramble to find a candidate against Zohran Mamdani for New York mayor.
Wall Street is in turmoil over Zohran Mamdani's victory in the NYC mayoral primary. Investors fear tax hikes and stricter regulations, leading to potential exodus from the city. High-profile financiers express alarm at the implications for New York's economy.
In a decisive move, Bumble has announced it will cut nearly a third of its workforce to tackle financial struggles and refocus on growth. CEO Whitney Wolfe Herd emphasizes the need for a resilient company as the dating sector faces challenges.
Wall Street's main indexes showed mixed results as the market reacts to Fed Chair Jerome Powell's cautious remarks and geopolitical tensions ease between Israel and Iran. FedEx and General Mills face profit forecast challenges.
S&P 500 futures were nearly flat as investors hope the index can reach its all-time high. A recent rally, driven by falling oil prices amid a ceasefire between Iran and Israel, has kept the market resilient.
Oil prices saw a slight increase as investors reacted to the fragile ceasefire between Iran and Israel following recent military actions. Brent crude and WTI both gained over 1% after significant drops in previous sessions.
