Caitlin Clark’s first Nike signature sneaker nearly sold out within two hours, delivering a splashy launch as the company leans on women’s basketball growth while confronting declining sales and a stock price down more than 50% over twelve months.
Boeing’s contract vote could affect roughly 17,000 workers, while an obscure distinction between taxable strike benefits and countable wages may determine whether early Social Security recipients face thousands of dollars in withheld benefits.
Kikis Restaurant has closed its last two Brownsville locations after tax audits, large monthly payments, operating expenses, and overdue rent brought the 22 year business to an end despite continued customer support.
Lyft’s proposed $272.5 million settlement would resolve California claims covering more than four years of driver classification practices, while directing funds toward drivers who filed wage claims and allowing the company to avoid further litigation costs.
US stocks erased morning losses as the 10 year Treasury yield eased to 5.24% and Micron lifted semiconductor shares, while bank stocks, oil prices, and manufacturing inflation signals kept the session volatile.
Nike shares fell as much as 6% after hours after first quarter revenue missed consensus estimates, while the company projected a high single digit fiscal 2027 revenue decline and said cost cutting changes will leave it with fewer roles.
Bank of America’s contrarian Sell Side Indicator has climbed within 0.3 percentage points of a sell signal, while rising Treasury yields, weak market breadth, and deep declines among many individual S&P 500 stocks add to the caution.
Comments from John Williams and Philip Jefferson sharply reduced expectations for an October rate increase, leaving global brokerages focused on December as Fed officials await more data on inflation, employment and the broader economy.
MGM CEO Bill Hornbuckle left open a possible People Inc. acquisition as casino dealmaking accelerates, Caesars advances its $17.6 billion sale, and major resort projects move forward in Japan and the United Arab Emirates.
Treasury is opening an online support center as federal student loan defaults reach 9.3 million, roughly 50% above the 2016 level, giving troubled borrowers information about options for bringing their accounts current.
Morgan Stanley sees gold reclaiming $5,000 an ounce by the second half of 2027, supported by central banks and funds, while Amy Gower says silver’s surge to $120 reflected genuine physical demand rather than hype alone.
Core PCE inflation reached 3% in August, below expectations, prompting traders to reduce the likelihood of an October rate increase even as energy prices, strong spending and above target inflation kept a December move in focus.
Natixis sees gold falling toward $4,100 an ounce by year end, but its competing scenarios range from a plunge to $3,500 to a rally above $5,250 as oil, inflation and Federal Reserve policy shape the market.
The Justice Department wants seven Minnesota federal judges investigated and removed from Department of Homeland Security cases after they criticized immigration enforcement in Times interviews, while the district court insists their public comments complied with judicial ethics rules.
Michael Burry believes Washington needs the AI boom to survive, but his bearish options positions suggest political determination may not protect shareholders as borrowing costs rise and financing pressures spread across data centers, chipmakers, and cloud infrastructure companies.
More than 950,000 Obamacare enrollees across 30 states are receiving $500 refunds funded by a surplus of marketplace user fees, as families contend with higher premiums following the expiration of enhanced Affordable Care Act subsidies.