Tag: business news

The Walt Disney Company is discontinuing the use of Slack for internal company communication following a data hack that leaked over a terabyte of company data. The company is transitioning

Planning to extend your working years is a common strategy for many Americans who are concerned about their retirement savings. According to a recent survey conducted by CNBC and SurveyMonkey,

Nike announced on Thursday that CEO John Donahoe will be stepping down, with company veteran Elliott Hill returning from retirement to take over as the new leader. Donahoe, who has

Nike’s stock surged 10% after announcing CEO John Donahoe’s departure on Oct. 13, with Elliott Hill set to take over. FedEx’s shares dropped 10% as they adjusted their earnings outlook

Chinese electric car manufacturer Nio introduced its budget-friendly brand Onvo in Shanghai, China on May 15, 2024. Onvo, positioned as a more affordable option compared to Nio’s premium line, unveiled

Federal Reserve Chair Jerome Powell has introduced a new term to describe the Central bank‘s monetary policy, referring to it as a “recalibration” during a crucial moment. Following a recent

In August, sales of previously owned homes decreased by 2.5% compared to July, reaching a seasonally adjusted annualized rate of 3.86 million units, as reported by the National Association of

Tech Stocks saw a boost in midday trading following the Federal Reserve’s rate cut decision. Companies like Tesla, Meta, Nvidia, and ASML all saw gains of over 5%. Edgewise Therapeutics

Darden Restaurants reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. CEO Rick Cardenas expressed confidence in the company’s long-term prospects despite

Darden Restaurants saw a nearly 11% increase in shares following the announcement of a partnership with Uber for on-demand delivery. NextEra Energy Partners gained 2.6% after receiving a buy rating