Shares of Skechers USA Inc. rose after hours on Thursday after the comfort-footwear maker announced a $1 billion buyback and bumped its full-year profit outlook higher, as retailers stocked up on Skechers shoes and the company made gains abroad.
The spread between 10- and 2-year Treasury yields reached its least-negative level in two years on Wednesday, helped by traders’ expectations that the Federal Reserve needs to start cutting interest rates.
The Paris Summer Olympics could mark a reset for major sponsors after years of games held against the backdrop of geopolitical issues and the COVID-19 pandemic, according to branding expert Jim Andrews.
Vice President Kamala Harris highlighted the Biden administration’s efforts to cancel student debt and aimed to draw a stark contrast between the White House’s record and Republicans’ approach to the issue when she spoke to a major teachers union in...