Global Stock Market

Nike shares declined in early Friday trading, setting up the stock for a loss of around $21 billion. The world’s biggest sportswear group issued gloomy near-term sales forecasts that could test investor patience for its ongoing turnaround strategy. Nike launched a $2 billion cost-cutting plan last year under CEO John …

U.S. stock index futures climbed on Friday, marking a robust first half of the year, as investors awaited the release of crucial inflation data that could influence the Federal Reserve’s interest rate decisions. Key Points: Market Performance: Dow Jones Futures rose 0.1%, S&P 500 Futures gained 0.4%, and Nasdaq 100 …

Asian markets concluded June on a high note, driven by optimism surrounding potential interest rate cuts by the Federal Reserve later this year due to a cooling U.S. economy. South Korea’s KOSPI index led the charge with an impressive 5.9% gain, boosted by the surging chipmaking sector and the growing …

BlackBerry stock has surged after its Q1 earnings report, surprising Wall Street by beating revenue expectations. The company’s revenue beat expectations, with a share revenue of 100 and 33 million, which was a narrower than expected quarterly loss. Companies are on track to be both profitable on a non-gap basis …

Walgreens reported fiscal earnings that fell short of expectations and slashed its full-year adjusted profit outlook due to a “challenging” environment for pharmacies and US consumers. The company topped revenue estimates for the quarter on strong performance in its health-care segment, as the results come as Walgreens works to slash …

A wave of selling swept across Asian markets on Thursday, driven by a disappointing outlook from chipmaking giant Micron and renewed concerns about China’s economic health. The ripple effects were felt in tech-heavy sectors and beyond, with investors seeking refuge amid growing uncertainty. Micron’s Guidance Sparks Tech Rout Micron Technology …

Asian stock markets experienced a choppy trading session on Wednesday, as investors braced for a pivotal U.S. inflation report and kept a watchful eye on the yen, which hovered near the psychologically significant 160-per-dollar level, raising concerns about potential intervention by Japanese authorities. Market Sentiment and U.S. Rate Expectations Risk …

Mixed performance was the expression that best describes Tuesday’s US stock market. The S&P 500 had a little increase, but the tech-heavy Nasdaq Composite saw a roughly 1% increase. Still, the Dow Jones Industrial Average dropped by almost 1%. This uneven performance came after the IT industry, especially Nvidia, a …

Tesla has topped the auto industry in profit per vehicle for the year through March, with Tesla’s net profit being the highest among top automakers. Nine of 12 top global automakers made more money per vehicle in the year ended March than the previous year due to recovering supply chains …

Asian stocks bounced back on Tuesday, regaining some lost ground as investors cautiously awaited further developments in the potential trade war between China and the West. Upcoming inflation data also remained in focus, as it could provide clues about the future trajectory of interest rates. China’s Markets Stabilize, Trade Tensions …