US Stock Futures Recovering After Israel’s Retaliatory Strike on Iran US stock futures were lower but digging themselves out of a deeper sell-off on Friday, after Israel’s retaliatory strike on Iran spooked the market overnight and spurred a rush to safe havens such as gold. Market Reaction to Israel’s Strike The market initially reacted with … Read more
Stock Market Today: US Futures Drift Lower as Faith in Rate Cuts Fades US Stock Futures Pointed to More Losses as Interest Rate Speculation Lingers US stock futures pointed to more losses on Wednesday as investors eagerly await Federal Reserve Chair Jerome Powell’s speech for insights into the possibility of prolonged high-interest rates. Market Futures … Read more
Equities in Asia Rise as Bitcoin Surges Past $61,000 Equities in Asia Rebound as US Stock Futures Rise Equities in Asia rose alongside US stock futures in anticipation of the Federal Reserve’s key inflation metric, which will help determine the future of interest rates. According to the latest report from Bloomberg, Korean and Indian stocks … Read more
Stock Market Today: US Futures Muted as Investors Brace for Inflation Update US Stock Futures Take a Breather After Record Highs US stock futures took a breather on Monday after closing out a dizzying week at record highs. Investors now brace for a looming inflation update that could put that rally to the test. Stock … Read more
Nike to Lay off 1,600 Employees in Restructuring Plan Nike announced on Thursday its decision to reduce its workforce by approximately 2%, resulting in the termination of around 1,600 employees. This move comes as part of the company’s recently unveiled three-year restructuring plan, aimed at reallocating resources for investments in running, women’s apparel, and the … Read more