Nike shares are 12% higher in premarket trading after the company beat Wall Street estimates for quarterly revenue on Tuesday, helped by persistent demand for its sneakers and sportswear in North America and Europe.
Nike posted a profit of 85 cents per share in the second quarter ended November, topping an average estimate of 64 cents, according to Refinitiv data.A FedEx Express courier inside the delivery truck. FedEx said prioritizing actions quickly reduce costs in order to align fiscal 2023 costs with weaker-than-expected volume.
FedEx said adjusted profit fell to $815 million, or $3.18 per share, from $1.3 billion, or $4.83 per share, for the fiscal second quarter Posted by Ken MartinThe nationwide price for a gallon of gasoline slipped Wednesday to $3.108, according to AAA.A year ago, the price for a gallon of regular gasoline was $3.302.
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Stock Market Today: Stock Futures Wobble; Yen Surges on Bank of Japan ShiftBond yields jumped and the yen surged after the Bank of Japan surprised markets by loosening its yield-curve control policy The interest rate on a 10-year US Treasury overlayed with the price of $1 US in Japanese Yen. economy $EWJ $HEWJ $FLJP $FLJH
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Coinbase, Binance enjoy market share gains after FTX demiseRival exchanges are benefitting from the collapse of FTX as Coinbase and Binance recapture market share.
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STOCK MARKET NEWS: Stocks flat, oil slides, housing starts fallStocks are little changed as investors await earning from FedEx, Nike and Blackberry after the markets close. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
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STOCK MARKET NEWS: Stocks whipsaw, oil higher, gas, diesel prices fall, home construction reportWeaker global economic growth, more rate hikes ahead cool stocks. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
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STOCK MARKET NEWS: Stocks open lower, oil higher, housing starts fallInvestors weigh weaker global growth prospects and a policy shift by the Bank of Japan, Wells Fargo ordered to pay $3.7B for mismanagement, General Mills out with earnings. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. The poll by Musk was brilliant. He did that and exposed millions of bot accounts. The people calling for him to step down have no names. Yes blue bunny slippers and nunya business voted against Elon, but real people didn't. Now, shut down those accounts. How can this be. Biden said everything was wonderful. Stocks lower, gas higher, and housing starts low, must be an anomaly. Collapse of the dollar the DOW won't be the same 🇺🇸
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