“The numbers speak for themselves. We are currently not performing the way we should”, Adidas CEO Bjørn Gulden said in a press release. Jeremy Moeller / Contributor / Getty Images Adidas on Wednesday reported a big fourth-quarter loss and slashed its dividend after the costly termination of its partnership with Kanye West’s Yeezy brand in
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Wednesday before the House Financial Services Committee in remarks that markets will be watching closely. On Tuesday, Powell told the Senate Banking Committee that
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 3, 2023. Brendan Mcdermid | Reuters The latest spike in bond yields was enough to spook the stock market into a selloff Tuesday, but there’s a silver lining for fixed-income investors: Short-term Treasurys are now touting a
U.S. Supreme Court Associate Justice Amy Coney Barrett. Evelyn Hockstein | Reuters The fate of the Biden administration’s sweeping plan to cancel $400 billion in student loan debt for tens of millions of Americans may hinge on the newest conservative member of the Supreme Court: Justice Amy Coney Barrett. Barrett was the conservative justice who
A “For Sale” sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images After dropping to a 28-year low the previous week, mortgage demand recovered slightly, even though interest rates marched higher. Total mortgage application volume rose 7.4% last week, according to the Mortgage Bankers
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Senator Bernie Sanders (I-VT) (L), Starbucks CEO Howard Schultz Reuters (L) | Getty Images (R) Starbucks CEO Howard Schultz has agreed to testify in a U.S. Senate hearing about the coffee chain’s alleged union busting after pressure from Sen. Bernie Sanders. The Senate’s Health, Education,
Delegates and officials gather at The Great Hall of the People in Beijing on March 5, 2023, for the opening of the annual National People’s Congress. Lintao Zhang | Getty Images News | Getty Images BEIJING — China plans to overhaul its financial regulatory system by consolidating aspects of the central bank and securities regulator
During the coronavirus pandemic, child reading and math competency rates plummeted across the country. The National Assessment of Educational Progress found two decades of improvements were wiped away. The declines were widespread, but were most pronounced among the students who had already been struggling well before 2020. In a race to overcome the Covid-19 learning
In this article FOXA Follow your favorite stocksCREATE FREE ACCOUNT A billboard truck seen outside Fox News HQ. Members of the activist groups Truth Tuesdays and Rise and Resist gathered at the weekly FOX LIES DEMOCRACY DIES event outside the NewsCorp Building in Manhattan, this time with a billboard truck. Erik Mcgregor | Lightrocket |
Warren Buffett Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions, a regulatory filing revealed Tuesday evening. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, paying prices in the
In this article FIS Follow your favorite stocksCREATE FREE ACCOUNT In the end, 2022 was not kind to retirement savers. Average 401(k) balances plunged 23% over the course of the year to $103,900, according to a report by Fidelity Investments, the nation’s largest provider of 401(k) plans. Individual retirement account average balances sank 20% year
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Getty Images Moving in retirement can unlock a big pot of money to help fund those post-work years. In 2019, the typical homeowner age 60 or older who sold their home and relocated to a cheaper housing market accessed nearly $100,000 in home equity, according to new research published by Vanguard Group. The typical person
In this article JBLU SAVE Follow your favorite stocksCREATE FREE ACCOUNT A JetBlue Airways Airbus A320, left, passes a Spirit Airlines Airbus A320 as it taxis on the runway, Thursday, July 7, 2022, at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. Wilfredo Lee | AP The Justice Department on Tuesday sued to block
In this article DKS Follow your favorite stocksCREATE FREE ACCOUNT A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Tuesday reported holiday-quarter results that beat Wall Street’s expectations, citing a sales boost from the gift-giving season even with
In this article DISH SNAP WW UAL RIVN DAL Follow your favorite stocksCREATE FREE ACCOUNT Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Check out the companies making the biggest moves midday: Rivian Automotive —Shares
D3sign | Moment | Getty Images The April 18 federal tax deadline is only six weeks away, and if you haven’t filed yet, you may qualify for free preparation. While many prefer a paid preparer, free filing options may be worth exploring for simple returns, such as filings with only a couple of W-2 forms,
Tesla cut prices yet again on its new cars. Will this create the demand that Elon Musk hopes? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
The conversation isn’t about returning to the office, Mark Dixon, IWG CEO, told CNBC. Bloomberg / Contributor / Getty Images There’s a “shock” coming for the commercial real estate industry, but the opportunities ahead are huge, according to Mark Dixon, CEO of flexible office company IWG. Technology enabled a “fundamental seismic shift” in commercial real
Actor Alec Baldwin departs his home, as he will be charged with involuntary manslaughter for the fatal shooting of cinematographer Halyna Hutchins on the set of the movie “Rust”, in New York, January 31, 2023. David Dee Delgado | Reuters It’s been just over a month since New Mexico authorities charged Alec Baldwin with manslaughter