Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.
Nvidia’s stock plunge leads Magnificent Seven to record weekly market-cap loss
The decline in Magnificent Seven stocks has erased a collective $934 billion from their market capitalizations so far this week.
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the...
Here’s what Biden can really do to ensure gas prices are ‘affordable’
Gasoline prices are on the rise this election year, and President Joe Biden’s team wants to make sure they’re “affordable” for Americans — but can...
P&G’s initial decline had nothing to do with earnings. The market later agreed
Management's call with investors had us feeling very good about Procter & Gamble's future, no matter the economic backdrop.
The U.S. housing market’s biggest headaches, in five charts
After emerging from the ordeal of 8% mortgage rates, some in the housing market thought the worst was over.
Shopify is tightening up on hiring. One analyst likes the stock more as a result.
“We believe investor expectations have over corrected,” Morgan Stanley analysts say.
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.
‘My boss didn’t even know’: Tesla employees talk about being shocked at how they were laid off
“I got the email on my off day, and they sent it in the middle of the night — no warning,” one former Tesla employee...