Investors
Nike Plans to Cut $2 Billion in Costs Over the Next 3 Years
Sportswear giant Nike has unveiled plans to slash costs by approximately $2 billion over the next three years.
S&P 500 Could Sink 20% This Spring, Then Hit Record High by End of 2024, Investment Strategist Says
The S&P 500 could sink 20% this spring and then surge to an all-time high by the end of 2024, according to an investment strategist.
Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know
Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership.
Affirm Expands Partnership With Walmart for 'Buy Now, Pay Later' Self-Checkout Feature
Financial tech company Affirm has announced its expansion of services with Walmart to bring the company's flexible pay-over-time options to self-checkout kiosks in over 4,500 of the retailer's US stores.
Latest News
Citigroup Inc. is reportedly facing delays in its plans to establish a fully-owned securities business in China.
Chuck E. Cheese, the popular US restaurant chain that came out from bankruptcy three years ago, is reportedly considering a sale amid acquisition interest.
JPMorgan Chase analysts foresee a potential shift in the cryptocurrency market dynamics next year, predicting that ethereum will outperform bitcoin and other cryptocurrencies.
The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia.
After the Federal Reserve signaled it could start cutting interest rates next year if inflation continues to fall, the Dow Jones Industrial Average closed at a new record high.
SpaceX will reportedly sell insider shares at $97 each in a tender offer, a price increase that brings the valuation of the Elon Musk-owned space and satellite company closer to $180 billion.
JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.
Epic Games has accused Google of unlawfully making its Play Store dominant over rivals, and a US jury recently agreed with the creator of the Fortnite game.
Giants like Facebook and YouTube have long dominated the social media landscape, while its content creators face increasing challenges, including limited monetization opportunities, censored content, and arbitrary rule enforcement. Philip Simpkins, Founder and CEO of Arro Social, has created a blockchain-based social media that will empower content creators with ownership of their content on a value-based platform.
Toy company Hasbro is set to lay off approximately 1,100 employees as part of its ongoing efforts to navigate the challenging market conditions.

















