FedEx Spins Off Trucking Unit to ‘Play Offense’ in LTL Market
The logistics giant hopes to unlock more value in making FedEx Freight a standalone public company, all while competing for more volume.
Watch These Nike Stock Price Levels as Strategy Shift Weighs on Outlook
Nike shares lost ground Friday morning after the athletic apparel company warned that its turnaround efforts will take time and weigh on short-term results. Monitor these key chart levels.
European Stocks Suffer Worst Week Since September as Novo Sinks
(Bloomberg) -- European stocks posted the biggest weekly decline in over three months, as Danish drugmaker Novo Nordisk A/S sank 21% after a study showed underwhelming results from its obesity drug trial.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends
Muni Market’s Record Year for Mega Deals Gives Bankers a Win
(Bloomberg) -- It’s been a banner year for mega-municipal bond deals and Wall Street bankers only see it continuing through 2025.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThere have been a record of more than 60 outsized muni-bond sale
Interview: TBC Bank’s Oliver Hughes on what makes Uzbekistan an exciting market
"Uzbekistan has built an open-banking system that is more advanced than in any developed market." Oliver Hughes, Head of International Business, TBC Bank Group on developments in Uzbekistan
Reverse stock splits: Often a path to oblivion
Reverse stock splits offer an immediate - if artificial - benefit to companies struggling with low stock prices. But they rarely work out long term. The post Reverse stock splits: Often a path to oblivion appeared first on FreightWaves.
Soho House's stock soared after a takeover offer for the pricey, but financially troubled, membership club
The company said the takeover offer was backed by Ron Burkle, the chairman.
US Steel Stock Slips on Weaker-Than-Expected Outlook
U.S. Steel said lower prices and the costs of the ramp-up of a new factory will negatively impact current-quarter results.
S&P 500, Nasdaq dip as rate cut fears linger despite easing inflation
The S&P 500 and the Nasdaq dipped on Friday as fears over high interest rates next year loomed, although a cooler-than-expected inflation report kept losses in check. A Commerce Department report showed the Personal Consumption Expenditure (PCE) index, the Fed's preferred inflation measure, rose 2.4% in November on an annual basis, below estimates of 2.5%, as per economists polled by Reuters. Wall Street was jolted this week after the Fed forecast only two rate reductions in 2025 and raised its inflation estimate, in a nod to the economy's continued resilience and still-high inflation.
Market Volatility Halts On Soft Inflation Data, Yet Traders Remain Wary Of Fighting The Fed: 10 ETFs Moving Friday
Markets saw a brief reprieve Friday as the Federal Reserve’s preferred inflation gauge came in below expectations, tempering concerns of mounting volatility after this week's hawkish policy pivot. The Personal Consumption Expenditures price index rose 2.4% year-over-year in November, missing the 2.5% forecast. On a monthly basis, the gauge slowed to 0.1%, down from 0.2% in October and below projections for steady growth. Core PCE, which excludes food and energy, remained at 2.8% annually, slight