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Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook.The stock fell about 10% after hours. Nike shares were up 4.7% so far this year through Thursday’s ...

U.S. stocks experienced a robust week fueled by Federal Reserve Chair Jerome Powell's hints of a potential end to the current rate-tightening cycle and positive sentiments from Treasury Secretary Janet Yellen. The S&P 500, Dow Jones, and the Nasdaq all posted ...

In 2023, Spain and Germany marked a significant milestone in renewable energy, with both countries generating over 50% of their electricity from renewable sources. Spain achieved 50% renewable energy generation, a significant increase from 42% in the previous year, while ...

In a remarkable turnaround, Greece has emerged from the depths of a devastating debt crisis to become a symbol of renewed economic vigor. Once plagued by double-digit unemployment, surging treasury bond yields, and plummeting asset prices, the country has resurfaced ...

In a welcome respite for consumers, gasoline prices in the U.S. have plunged to their lowest levels since mid-2022, propelled by record-breaking domestic oil production. Last Wednesday, the national average price for regular unleaded gasoline stood at $3.12 per gallon, ...

On Thursday, Intel revealed its latest advancements in computer chips, featuring the Gaudi3, a new artificial intelligence chip tailored for generative AI applications. Slated for release next year, Gaudi3 aims to rival similar offerings from Nvidia and AMD, which currently ...

Pfizer released a disappointing 2024 forecast on Wednesday, broadsiding shares as the pharmaceutical giant navigates a deep plunge in sales related to the Covid-19 pandemic.The company, which reported more than $100 billion in revenue in 2022 due to the boost ...

As AI becomes mainstream, the Bank of England's (BOE) Financial Policy Committee is heightening its focus on the systemic risks emerging from AI's expanding presence in the financial sector.The central bank has initiated an official investigation into these concerns, specifically ...

Argentina will not join BRICS under newly elected President Javier Milei. The country was previously set to join the inter-governmental economic organization comprising China, Russia, Brazil, India, and South Africa.Argentina received a formal invitation to join the group on January ...

The term may have been on the back burner recently, but economists have not stopped talking about their hopes for the U.S. to get a “soft landing” after the economic turmoil of prolonged high inflation.November’s solid jobs report did nothing ...

Shares of Google finished up 5% higher on Thursday, after the technology giant announced its latest artificial intelligence model. Gemini, as the model is called, is being billed as a direct competitor to products from OpenAI, Microsoft, and Meta.Parent company ...

The DAX, Germany’s benchmark stock index, reached an all-time high on Wednesday as investors grew in confidence that interest rates will soon be cut.On Tuesday, the DAX closed at a record high of 16,533 points. That peak was beaten the ...

This week, Apple remarkably became the world’s first corporation to finish a trading day with a market cap above $3 trillion. Its shares are up almost 50% this year.Apple’s value officially passed the $3 trillion mark for the first time ...

The price of Bitcoin raced above $40,000 this week, reaching its highest level in 18 months as investors anticipate a lower interest-rate environment and important unblocking of regulatory logjams that could make the crypto asset more accepted.Bitcoin, the world’s largest ...

Gold prices hit a fresh record on Monday for a second day in a row — with spot prices hitting $2,100 as the global rush for gold continues.Gold prices are on track to hit new highs next year and could ...