Elliott Hill will replace John Donahoe as chief executive next month, following months of struggles for the athletic-wear giant.
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.
Federal Reserve Chair Jerome Powell did a “great job” of explaining the reasons for an aggressive interest-rate cut in a “non-scary way,” former New York Fed President William Dudley said Thursday.
Fed Chair Jerome Powell emphasized a policy “recalibration.” Investors like the sound of it.
Republican presidential nominee Donald Trump on Wednesday promised to cap interest rates for credit cards, but a veteran analyst predicts the plan wouldn’t get the congressional approval that it needs to become reality.
Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.
The “new features do not impact what we believe to be the most significant risk of teen Instagram use,” one advocate said.
T-Mobile Chief Executive Mike Sievert says it’s “nonsense” that the iPhone 16 line’s preorder sales are underwhelming so far.
