Nike shares drop as investors fret over murky turnaround timeline
Nike shares fell about 8% in early trading on Wednesday after the sportswear giant withdrew its annual revenue target.
Nike shares fell about 8% in early trading on Wednesday after the sportswear giant withdrew its annual revenue target.
The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies.
RentCafe, a website that allows apartment and house renters to pay their landlords, has seemingly crashed due to an outage, leaving thousands of people unable to pay their rent.
CVS Health will be reportedly discontinuing 2,900 positions at its establishments across the U.S., following the company’s new plan to reduce costs by $2 billion.
On Tuesday, as the only vice presidential debate scheduled before the November election, it will pit relative newcomers to the national political scene, Ohio GOP Senator JD Vance against Minnesota Democrat Governor Tim Walz.
An additional 120 alleged victims have now come forward against Sean “Diddy” Combs, including a man who claims he was only 9-year-old at the time of the abuse.
Claudia Sheinbaum officially took office Tuesday, becoming Mexico’s first female president and the first of Jewish heritage during a historic inauguration ceremony.
A Romanian court has ruled that controversial social media personality Andrew Tate be handed back all of his luxury cars, which had been seized previously by prosecutors during a human trafficking investigation.
Dockworkers stretching all the way from the East and Gulf coasts went on strike after midnight on Tuesday, which could greatly cause an increase to inflation and cause production shortages for the start of the holiday season.
Microsoft has given Copilot a more amiable voice in its latest update, with the chatbot also capable of analyzing web pages.