Nike shares dropped 14% on Friday as the company logged a 44% rise in fiscal first-quarter inventory. Supply-chain issues led to a build-up in seasonal products and retailers began ordering early. The company also said dollar strength will dent its full-year revenue. Loading Something is loading. Nike shares tumbled to their lowest price in more… Continue reading Nike sinks 14% after the athletic-wear maker posts a 44% jump in quarterly inventory on supply-chain issues and warns on a margin squeeze
Tom Bradley: No doubt Warren Buffett is doing some buying now
Procrastinating beats selling out, but rebalancing is even better Warren Buffett, left, CEO of Berkshire Hathaway, has a word with his right-hand-man Charlie Munger at the annual shareholders meeting. The sage of Omaha says the time to buy is when other investors get fearful. Photo by JOHANNES EISELE/AFP via Getty Images It’s getting discouraging. The… Continue reading Tom Bradley: No doubt Warren Buffett is doing some buying now
Stock Market Today: Stocks Sell Off to Close a Disastrous September
It was a fitting end to what turned out to be a tough week, month and quarter for stocks, with the negative price action driven by fears of Fed rate hikes, stubbornly high inflation and a slowing economy. Stocks started Friday in the red after this morning’s personal consumption and expenditures index, which measures price… Continue reading Stock Market Today: Stocks Sell Off to Close a Disastrous September
Kiplinger’s Weekly Earnings Calendar (Oct. 3-7)
Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies. Please check back often. This earnings calendar is updated weekly. Monday (10/3)Tuesday (10/4)Wednesday (10/5)Thursday (10/6)Friday (10/7)(Editor’s Note: Earnings dates in tables are tentative.… Continue reading Kiplinger’s Weekly Earnings Calendar (Oct. 3-7)
Buffett Is Loading Up on Occidental Petroleum Stock (OXY). Should You?
Warren Buffett has a seemingly insatiable appetite for shares in Occidental Petroleum (OXY (opens in new tab), $62.11), but that doesn’t mean retail investors should gorge on OXY stock as well. Berkshire Hathaway (BRK.B (opens in new tab), $269.58), of which Buffett serves as chairman and CEO, purchased another 6 million shares in the Houston-based… Continue reading Buffett Is Loading Up on Occidental Petroleum Stock (OXY). Should You?
10 High-Paying Dividend Stocks Yielding 5% or More
The dividend yield on the S&P 500 has been hovering near its lowest level in roughly two decades for some time now, and while it’s starting to move higher, it’s still at a paltry 1.7%. So what are yield-hungry investors left to do? Thankfully, there is no shortage of high-paying dividend stocks on Wall Street.… Continue reading 10 High-Paying Dividend Stocks Yielding 5% or More
Fluency’s CBDC technology meets all key ECB foundation design aspects for a digital euro
, /PRNewswire/ — The European Central Bank released on 29thSeptember 2022, their latest progress report on the investigation phase of their digital euro project and elaborates on foundational design features approved by the Governing Council. The report highlights key operational transfer mechanism requirements for the digital euro including: Online validation by third-partiesOffline functionality (where payee… Continue reading Fluency’s CBDC technology meets all key ECB foundation design aspects for a digital euro
US stocks fall on inflation data to cap steep losses for September and the 3rd quarter
Jason Ma Spencer Platt/Getty US stocks fell Friday, closing out steep losses for the week, month, and third quarter. The Fed’s preferred inflation gauge increased 4.9% in August from a year ago, up from 4.7% in July. For the third quarter, the S&P 500 gave up 6%, while the Nasdaq lost nearly 5%, and the… Continue reading US stocks fall on inflation data to cap steep losses for September and the 3rd quarter
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