Nike's shares got a big boost recently, jumping over 10% after hours. This happened even though the company reported some of its worst results in years. Investors seem hopeful that Nike's new plans might finally start working. The company's CEO, Elliott Hill, came back from retirement to lead Nike.
The US Treasury has made a request to Congress to eliminate a specific part of Donald Trump's budget plan. This part, known as Section 899, was meant to impose extra taxes on investments from certain countries. The Treasury believes this rule is no longer necessary because of a recent agreement with
Fortnite players, listen up! You might be able to get some money back from unwanted purchases. The Federal Trade Commission (FTC) is sending out over $126 million in refunds. They are also reopening the claim process for those who missed the first round. Epic Games, the company behind Fortnite, had
McDonald's and Krispy Kreme are calling it quits. The two big names in fast food and sweets teamed up last year, but it didn't work out like they hoped. Krispy Kreme donuts were sold at over 2, 400 McDonald's spots, but the numbers weren't adding up for both sides. McDonald's says they were selling
Nvidia, the AI chip powerhouse, saw its shares reach a new peak on Wednesday, climbing to $154. 31 each. This marks a 4. 3% increase from the previous day's close, pushing the company's total value to $3. 76 trillion. This makes Nvidia the most valuable company globally, surpassing tech giants like
Private equity firms are playing a big role in shaping the future of elderly care. These firms invest money into businesses, including those in healthcare. But not many studies look closely at how these firms affect long-term care. Most research focuses on the United States, leaving other countries
Rail traffic in the U. S. has been a mixed bag lately. While some goods are moving more than before, others are seeing a slowdown. This is especially true for intermodal transport, which involves moving goods in containers by rail. The numbers show that intermodal traffic has taken a hit, likely bec
Bumble, the dating app giant, is making some serious changes. They just announced plans to let go of 30% of their staff. That's about 240 people. This move is expected to cost the company between $13 million and $18 million this year. But Bumble believes it will save them $40 million every year movi
Bumble, a popular dating app, recently made a big move. They cut 30% of their workforce. This means about 240 people lost their jobs. This news came as a shock to many, especially because Bumble had already planned to cut costs. They had announced $15 million in cuts for the second half of the year.
The Middle East is a hotspot for oil production, supplying about a third of the world's oil. Recently, Iran launched missiles at a U. S. military base in Qatar, raising concerns about a wider conflict. Surprisingly, oil prices dropped instead of rising. This might seem odd, but it shows that the glo
