Nike warns on holiday delays, cuts full-year sales estimate

09/23/2021

(Reuters) -Nike Inc on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit.FILE PHOTO: Nike shoes are seen displayed […]

Indexes close up more than 1% as investors assess Fed news

09/23/2021

(Reuters) – U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates.FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, […]

Economist magazine calls for Georgieva to quit IMF over World Bank data scandal

09/23/2021

WASHINGTON (Reuters) -The Economist magazine on Thursday called for International Monetary Fund Managing Director Kristalina Georgieva to resign over her role in a China-related data-rigging scandal while at the World Bank, saying it has undermined the IMF’s credibility.FILE PHOTO: International Monetary Fund (IMF) Managing Director […]

Futures rise as taper fears fade

09/23/2021

FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid(Reuters) – U.S. stock index futures rose on Thursday, indicating Wall Street was set to jump further from recent lows […]

U.S. corporate bonds perk up after stock selloff

09/21/2021

FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 9, 2021. REUTERS/Andrew Kelly/File PhotoCHICAGO (Reuters) – Like the U.S. stock market, the nation’s corporate bond market on Tuesday steadied one day […]

A Pandemic Space Race: Self-Storage Roars Back

09/21/2021

Early in the pandemic, Katharine Lau, a commercial real estate professional, turned her focus to decluttering, and as she stared at a pile of unneeded things, she wondered how she could save them despite her lack of space. “It was the first time I thought […]

Futures bounce 1% from Evergrande-led selloff

09/21/2021

(Reuters) – U.S. stock futures rebounded on Tuesday as investors tried to shake off fears of contagion from a potential collapse of China’s Evergrande, although gains were capped by concerns the Federal Reserve could set out a timeline to taper its stimulus at the meeting […]