Shares of Nike Inc. fell on Thursday after the sneaker-maker reported fourth-quarter profit that came up short of Wall Street’s expectations, with price cuts weighing on results amid weaker demand that one analyst said loomed large for the U.S. economy. Executives said on Nike’s NKE, +0.30% earnings call that the…
Hi! Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. While the U.S. Securities and Commission recently took a slew of enforcement actions against crypto companies, it seems some financial institutions are still bullish on the industry. In the past week, Cathie Wood’s ARK Investment Management…
[]The amount of money that banks are borrowing from the Federal Reserve crept up for the eighth week in a row, underscoring that parts of the financial system are still under some duress. []Total bank borrowing rose by $347 million to $106.3 billion in the seven days ending June 28.…
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President Joe Biden on Thursday indicated that he remains opposed to expanding the Supreme Court, even as he criticized the high court’s ruling against affirmative action at universities. In an MSNBC interview, Biden was asked if he’s worried that without reforms for the Supreme Court, its conservative majority is “too…
Shares of Xponential Fitness Inc. bounced sharply Wednesday, after the franchiser of boutique fitness brands, including CycleBar, StretchLab and Club Pilates, denounced a bearish investor’s report that led to a record selloff in the previous session. And analyst Randal Konik at Jefferies did the same, recommending investors buy the stock…
“ Tesla is not merely participating in the EV revolution, it’s steering it. ” It’s not often that a corporation can reshape an entire industry with a single decision. Now, Tesla TSLA, +0.56% is doing exactly that by opening its proprietary Supercharger network to rival manufacturers’ electric vehicles (EVs). To…
Call it the Barbie top? Vacation rental group Airbnb announced earlier this week that a Barbie-themed hot-pink DreamHouse mansion in Malibu is temporarily back among its worldwide listings. This time, two lucky applicants will get two free nights in the mansion, as part of a promotion from Airbnb ABNB, -0.20%…
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For one DoorDash delivery worker who received a $10,000 gift from the company this week, it couldn’t have come at a better time. “My husband cut his hand and had been on workers’ comp, so it’s been kind of rough lately,” Peggie, a Michigan resident who asked for privacy reasons…