Jeff Bezos and Lauren Sanchez leave the Aman Hotel to go to dinner with guests ahead of their wedding, on June 26, 2025 in Venice, Italy. Stefano Mazzola | Gc Images | Getty ImagesThe rich and famous have descended on Venice, Italy this weekend to celebrate the wedding of billionaire...
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Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon
Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better-than-feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump's tariff...
Coinbase is the best-performing stock in the S&P 500 in June, and may have even more room to run
People watch as the logo for Coinbase, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York on April 14, 2021.Shannon Stapleton | ReutersCoinbase is the top performer in the S&P 500 in June, boosted by positive regulatory updates, product launches and,...
Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows
Prices that consumers pay rose slightly in May, while the annual inflation rate edged further away from the Federal Reserve's target, according to a Commerce Department report Friday.The personal consumption expenditures price index, the Fed's primary inflation reading, rose a seasonally adjusted 0.1% for the month, putting the annual inflation...
FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year.The company achieved its "structural cost reduction target, in the face of ongoing headwinds," CEO Raj Subramaniam said...