Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China. Cheng Xin | Getty Images Nike reported third-quarter earnings on Thursday after the bell. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: 54 cents…
Vithun Khamsong | Moment | Getty Images It is becoming harder for Americans to raise funds in case of an emergency, according to a recent survey from the New York Federal Reserve. The bank’s Survey of Consumer Expectations for February found that the average likelihood of Americans being able to come up with $2,000 within…
The Boston Celtics hang the 2024 NBA championship banner at TD Garden. Danielle Parhizkaran | Boston Globe | Getty Images A group led by private equity executive Bill Chisholm is buying the National Basketball Association’s reigning champion Boston Celtics at a valuation of $6.1 billion, the team’s ownership announced Thursday. Private equity firm Sixth Street…
Doug Wilson | Corbis Documentary | Getty Images Stock market dips can create a big portfolio risk during your earlier retirement years — and many investors don’t prepare, financial experts say. The issue, known as “sequence of returns risk,” refers to how the timing of withdrawals paired with stock market losses can affect how long…
U.S. President Donald Trump reacts as he meets NATO Secretary General Mark Rutte (not pictured), in the Oval Office at the White House in Washington, D.C., U.S., March 13, 2025. Evelyn Hockstein | Reuters After largely staying out of the Federal Reserve’s business during his first two months in office, President Donald Trump is pushing…
The Swiss National Bank (SNB) in Bern, Switzerland, on Thursday, Dec. 12, 2024. Stefan Wermuth | Bloomberg | Getty Images The Swiss National bank on Thursday trimmed its key interest rate by a further 25 basis points as the country’s economy grapples with depressed inflation. “With today’s rate adjustment, the SNB is ensuring that monetary…
Cosmetics giant Estee Lauder is in the process of a multiyear turnaround plan that’s expected to cost between $1.2 billion and $1.6 billion. The move comes after the company’s stock has tumbled more than 80% from its all-time high of $371.86 in 2022. “Simply said, we lost our agility,” CEO Stéphane de la Faverie said…
Boeing workers are pictured exiting a gate below an image of a Boeing 737-800 aircraft as Boeing’s 737 factory teams hold the first day of a “Quality Stand Down” for the 737 program in Renton, Washington on January 25, 2024. Jason Redmond | AFP | Getty Images Boeing‘s cash burn is easing this quarter and…
U.S. President Donald Trump speaks to reporters before boarding Air Force One as he departs from Joint Base Andrews in Maryland, D.C., on March 14, 2025. Kevin Lamarque | Reuters President Donald Trump met with more than a dozen oil and gas executives at the White House on Wednesday afternoon, as the industry lobbies the…
BEIJING, CHINA – JANUARY 06: The People’s Bank of China (PBOC) building is seen on January 6, 2025 in Beijing, China. Visual China Group | Getty Images China kept its key lending rates unchanged on Thursday, as Beijing juggles propping up growth and stabilizing its currency amid mounting trade frictions. The People’s Bank of China…
