Barclays analysts downgraded Adidas, Burberry and Gucci owner Kering following a two-and-half week trip to China in which they grew more cautious on the world’s number-two economy.
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Fed Chair Jerome Powell emphasized a policy “recalibration.” Investors like the sound of it.
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FedEx stock falls as company narrows its full-year forecast
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Nike taps company veteran as new CEO, and shares rally
Elliott Hill will replace John Donahoe as chief executive next month, following months of struggles for the athletic-wear giant.