People standing outside astore at Pitt Street Mall in Sydney, New South Wales, Australia, on Boxing Day. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets opened higher Thursday, with several markets remaining closed for Boxing Day. Japan’s Nikkei 225 rose 0.37%, while the Topix added 0.49%. South Korea’s Kospi inched up 0.12% while the Kosdaq…
Nike, the world’s largest sportswear brand, is on a mission to regain its stride after a challenging year. Analysts say a yearslong series of strategic errors led to the company’s worst trading day ever over the summer, during which shares fell 20%, wiping $28 billion off of Nike’s market cap. Last week, the company posted…
A big backlog of projects should keep the company busy for the foreseeable future.
As the U.S. continues to face a shortage of available homes, some may be looking at those occupied by “empty nesters” as an incoming source of inventory. As older residents begin to downsize, the thinking goes, the millions of homes they currently own will fill the deficit, thus bringing housing costs down. However, those units…
American Airlines planes sit by their gates at the Miami International Airport on October 25, 2024 in Miami, Florida. Joe Raedle | Getty Images American Airlines grounded its U.S. flights Tuesday morning due to a technical problem, snarling travel during what carriers expect to be a period of record demand for the holidays. By 7:55…
A general view of the Federal Reserve Building in Washington, United States. Samuel Corum | Anadolu Agency | Getty Images A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests. The Bank Policy Institute, which represents big banks like JPMorgan, Citigroup and Goldman Sachs, is joining the…
The holiday buying season is here, but the familiar rush of shopping and seasonal jobs is taking on a new shape as online shopping continues to shift the work landscape. This year, retailers are expected to add 520,000 seasonal jobs, a drop from last year’s 564,000, according to outplacement firm Challenger, Gray & Christmas. The…
The entrance of the London Stock Exchange Group building on Dec. 8, 2024. Manuel Romano | Nurphoto | Getty Images European markets opened higher on Tuesday, in a shortened trading session for Christmas Eve. At the opening bell, the pan-European Stoxx 600 was up by around 0.3%, with all sectors in positive territory. Tech stocks…
A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024. Scott Olson | Getty Images Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid…
People posing for photos in front of a Christmas light installation in central Seoul on December 22, 2023. Jung Yeon-je | Afp | Getty Images Asia-Pacific markets opened higher on Christmas Eve, after key U.S. benchmarks rose overnight helped by gains in tech stocks. Japan’s Nikkei 225 and Topix were nearly flat as minutes of…
