John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024.Brendan Mcdermid | ReutersNike on Thursday announced that its CEO John Donahoe is stepping down and company veteran Elliott Hill is...
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Point72’s Steve Cohen is stepping back from trading his own book
Steven CohenAdam Jeffery | CNBC Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72.The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72, which Cohen converted from S.A.C. Capital Advisors in...
Teslaโs Chinese rival Nio cuts price for new Onvo-branded car
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengHEFEI, China โ There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.Onvo, the lower-priced brand launched by premium electric car company Nio, announced its first...
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank.At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as he sought...
Top Wall Street analysts pick these dividend stocks for attractive returns
September had a bumpy start for investors as volatility jolted markets in the first week, but dividend-paying stocks can help smooth the ride.Investors with a long-term investment horizon can ignore short-term noise to focus on stocks that have the potential to enhance their total portfolio returns through a mix of...