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Nike welcomes boomerang CEO with $27 million payday
To welcome him back into the fold, Nike offered Hill a total compensation package valued at $27 million. That includes equity and cash awards valued at $7 million to make him whol
Nike CEO to Retire, Stock Jumps 8%
Nike stock was soaring after the company announced that it’s CEO would retire. CEO John Donahoe will be stepping down Oct. 13, and will remain an advisor to the company through Jan. 31. He will be
A juicy rate cut and new evidence of a surprisingly resilient economy, Yardeni Research calls it ‘nirvana’
The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.
Nvidia, AMD stocks lead tech rally after Fed rate cut
AI chipmakers Nvidia (NVDA) and Advanced Micro Devices (AMD) led the tech stock rally Thursday following the Federal Reserve’s sizable, 50 basis point interest rate cut. Nvidia stock jumped more than
FedEx stock falls as company narrows its full-year forecast
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.
Nike names former executive Elliott Hill as CEO
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
Starbucks New CEO on Return to Office: ‘We’re All Adults Here’
New Starbucks Corp. Chief Executive Brian Niccol thinks his employees should be wherever they need to be to get their jobs done. More often than not, he said, that place is the office.
Mortgage Rates Go Up After the Fed Cut. What Gives?
At the same time, mortgage rates measured weekly by Freddie Mac descended to 6.09% this week, the 30-year fixed rate’s lowest level since early 2023. What gives? The Fed cut int
Stock market today: Wall Street joins a global market rally after the Fed's big rate cut
Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.6% higher in early
The Billionaire Firms to Watch After Midea’s Hong Kong Debut
Hong Kong’s biggest share sale in more than three years is fueling hopes China’s dormant billionaire deal pipeline may come back to life.
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise. Existing
Social Security Update: Lawmakers May Force Vote to Raise Benefits for Some
The Social Security Fairness Act was proposed to reverse the rules surrounding the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
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