Warning: Fed Jumbo Rate Cut Does Not Fix Housing or Auto Crisis
Markets bid stocks up to all-time highs when the Federal Reserve cut interest rates by 50 bps. This is 25 bps higher than ...
U.S. Stock Market At Record High
The U.S. stock market is at an all-time high after the Federal Reserve lowered interest rates by 50-basis points. Both the ...
FedEx Stock Falls 13% As Financial Results Disappoint
Shares of Federal Express (FDX) are down 13% after the shipping and logistics company announced financial results and forward ...
Nike CEO John Donahoe Steps Down
John Donahoe has announced that he’s retiring from the sneaker and athletic apparel maker effective Oct. 13. Donahoe is being replaced by long-time veteran Elliott Hill, who is coming out of ...
Japan Leads Asian Gains
Asia-Pacific markets were higher Friday with Japan’s Nikkei 225 leading gains, after Wall Street soared overnight following the Federal Reserve’s outsized rate cut. The Nikkei 225 popped another ...