Nike (NYSE: NKE) reported results for its first quarter of fiscal 2022 that disappointed investors. The stock was down 6% on the day following the announcement as the company fell victim to global supply chain disruptions. Nike noted that sales could have been better had it had the inventory that customers wanted to buy.
The Dow Jones Industrial Average (^DJI) is the lone leader among market indexes, closing the trading week higher by a mere 0.01% and rising by 210 points in Friday's session. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) extend their losing streaks to their sixth consecutive days. Market Domination Overtime Anchor Julie Hyman looks back on today's market activity while keeping a close eye on a handful of top trending stocks. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
MILWAUKEE (AP) — Damian Lillard practiced fully but Giannis Antetokounmpo remained out of live drills Friday as the Milwaukee Bucks continued getting ready for Sunday’s playoff opener against the Indiana Pacers. Lillard is dealing with a sore adductor that limited him the last weekend of the regular season, while Antetokounmpo missed the Bucks’ final three regular-season games with a strained left calf. Although Bucks President Peter Feigin told Milwaukee radio station WKLH that Antetokounmpo “d
Yolo County prosecutors had sought murder charges for the deaths of a 4-year-old girl and her grandmother.
The NCAA approved the use of helmet communiation devices and sideline tablets for college football next season. Additionally, a two-minute warning will be incorporated into gameplay.
Mexican magnate Carlos Slim is considering investing more than 40 billion reais ($7.70 billion) in Brazil in the coming years, he said on Friday, after meeting with President Luiz Inacio Lula da Silva in Brasilia. Slim, whose family controls telecommunications giant America Movil, said the investments would be made in Brazil's 5G and fiber-optic networks. America Movil-owned Claro is a huge player in the South American country's telecom sector.
THUNDER BAY – Residential school survivors gathered at a hotel on Highway 61 this week to discuss their experiences and how the Bringing Our Children Home Initiative should move forward. The initiative, also named Bikiiwewinig Nindawaashishiiminaanak, is investigating the possibility of unmarked graves where the Pelican Lake Indian Residential School once operated. Bringing Our Children Home “was created and led by survivors to uncover the truth,” Lac Seul Chief Clifford Bull said Thursday durin
About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report. The Bank Term Funding Program, as it was called, was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank and forced financial authorities to stage a rescue of the sector.
Before Wednesday night, it would have been hard to describe Robert Simons in a short sentence. The long-time Port Moody resident has served as a volunteer, committee member, board member, provincial appointee, vice-president and president of a dizzying amount of community, academic and non-profit organizations. Port Moody bestowed Simons with the highest honour it can give a resident on April 17, awarding him the Freedom of the City medal along with a key to the city. “My last love is giving bac
The U.S. State Department said on Friday it fully expects to finalize new trade exemptions for the AUKUS defense project with Australia and Britain over the next 120 days. "Exemptions in our export control systems, within a framework of shared standards with Australia and the UK, are key to harnessing and maximizing the innovative power residing in our defense industrial bases," the department said in a statement. "We fully expect to finalize the new trade exemptions – based on stakeholder input – over the course of the next 120 days," it said.
NEW YORK (AP) — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street across the finish line of another losing week. The S&P 500 fell 0.9% Friday to close out its third straight losing week. The Nasdaq composite tumbled 2%. The Dow Jones Industrial Average, which has less of an emphasis on tech, was an outlier and rose 0.6%. The market’s worst performers included several stocks that had been its biggest stars. Super Micro Computer lost more than a fifth of it
NEW YORK (AP) — A jury of 12 people and six alternates was seated on Friday in former President Donald Trump’s hush money criminal case. The completion of jury selection sets the stage for opening statements in the first-ever criminal trial of a former U.S. president to begin Monday, as well as weeks of testimony in a case charging Trump with falsifying business records to suppress stories about his sex life emerging in the final days of the 2016 election. The jury includes a sales professional,
He had three spells at Burnley, helped hometown club Swansea in to the top tier of English football and won 54 caps for his country.
A college at the University of Cambridge has cut ties with a philosophy fellow who sparked a race row.
FREDERICTON — New Brunswick’s environment minister quit on Friday, citing political differences with the Progressive Conservative government led by Premier Blaine Higgs. Gary Crossman announced his decision on social media, saying that after 10 years representing the Saint John-area riding of Hampton, he has to prioritize his health. “My personal and political beliefs no longer align in many ways with the direction of our party and government,” Crossman wrote. He did not specify which of his bel
Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's latest survey of U.S. central bank contacts, with geopolitical troubles and the 2024 U.S. presidential election also mentioned as "a potentially significant source of shocks." "Contacts noted several areas of uncertainty including trade policy and other foreign policy issues related to escalating geopolitical tensions," the Fed said on Friday in its semi-annual survey of 25 market participants, academics and other contacts. The survey results were included as part of the Fed's latest Financial Stability Report, which looks at issues like leverage and risk-taking throughout the economy to try to identify potential trouble spots.
Private school pupils may have been flagged for inclusion in a Cambridge University scheme designed to help deprived teenagers, an investigation has found.
As top growth stocks like Nvidia fall below key moving averages, keep in mind these proven rules for when to sell stocks.
Pop star shares message with fans from Instagram as fans celebrate new album release, with many noticing several lyrical references to The 1975’s Matty Healy along with her ex-boyfriend Joe Alwyn
As Tesla tanks, top funds bet big on AI leader Broadcom stock, as well as Nvidia and Google. But market pressures rise.
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