Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains uncertain.
Schlagwort-Archiv: CNBC
Lululemon shares plunge 10% on weak guidance, slowing North America growth
Lululemon raised its holiday sales guidance in January after it saw sales trends come in „balanced across channels, categories, and geographies.“
TikTok aside, Congress has its eye on the U.S. money going into China
Greater Congressional scrutiny on U.S. investments into China means any new rules or restrictions may outlast presidential terms and become part of U.S. law.
Fed raises GDP and inflation outlook, while keeping rate cut forecast
The Federal Open Market Committee’s March projections for rate cuts shows a median Federal funds rate of 4.6% in 2024, versus 5.25%-5.50% today.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January.
Fed holds rates steady and maintains three cuts coming sometime this year
The Federal Reserve on Wednesday released its decision on interest rates following its two-day policy meeting.
Shares of Micron pop 14% on earnings beat driven by AI boom
Shares of Micron popped in extended trading Wednesday after the company announced earnings that beat analysts‘ expectations
Bank of England set to hold rates, but falling inflation brings cuts into view
The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when the first cut will come.
EU-China trade relations are in a ’slow-motion train accident,‘ business group says
Trade tensions between Europe and Beijing will likely escalate, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.
Here’s everything to expect from the Federal Reserve’s policy meeting Wednesday
The Fed has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot.