Nike sinks 12% after it slashes sales outlook, unveils $2 billion in cost cuts
Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered ...
Tag: cuts
FedEx profit misses, cuts full-year revenue forecast; shares sink
FedEx cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts' targets on Tuesday, sending ...
US stocks open higher as investors pin hopes on Fed rate cuts
Wall Street's main stock indexes opened higher on Tuesday, building on strong gains in recent weeks as investors continued to ...
Meta’s stock is wrapping up a record year, spurred by cost cuts that followed a disastrous 2022
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on ...
Fed sparks irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila ...
Pro pickleball players band together as chaos, a merger and pay cuts grip the sport
Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio.Emilee Chinn | Getty ImagesDozens of ...
Moderna-Merck vaccine cuts odds of skin cancer recurrence in half, study finds
A vaccine shows promising results in treating the most deadly form of skin cancer, Moderna and Merck announced on Thursday.Those ...
Thanks to ‘Barbie,’ Mattel is thriving as Hasbro cuts 1,100 jobs—and more toy-centric flicks ‘about humanity’ are in the works
Barbie was much more than the highest-grossing movie of the year, though raking in $1.4 billion worldwide was certainly impressive. ...
Fed’s John Williams says the central bank isn’t ‘really talking about rate cuts right now’
New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment ...
Fed seen pivoting to interest rate cuts in March, perhaps earlier
The Federal Reserve's signal on Wednesday that its interest rate hiking campaign is over triggered a drop in bond yields ...
