Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness
Nike has found itself in a rough patch as the sneaker giant has worked to claw back market share it’s ceded to upstarts like On Running and Hoka.
IMF says Fed should hold interest rates where they are until ‘at least’ end of year
IMF managing director Kristalina Georgieva said Thursday that the Federal Reserve should hold off on rate cuts until ‘at least’ the second half of the year.
Solana pops after VanEck files first spot ETF application with SEC: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry….
Chart analysts say ‘something is not right’ with stock market, grow increasingly worried
Risk-on assets are struggling even as the stock market remains near record highs, which could signal a looming pullback.
Retail traders came out in force to buy the recent dip in AI darling Nvidia
Main Street investors took Nvidia’s recent sell-off as a buying opportunity, snapping up shares of the dominant artificial intelligence chipmaker.
CNBC’s Inside India newsletter: The humble onion could be holding India’s economy hostage
Even a modest change in the price of the bulbous vegetable soon becomes the talking point around dinner tables for hundreds of millions of people in the country.
Sweden’s central bank chief says 2 to 3 more rate cuts this year is a ‘forecast not a promise’
Erik Thedéen told CNBC the inflation outlook was more positive, particularly around inflation expectations and wage growth.
France’s upcoming election is rattling nerves and raising debt crisis talk
“In the worst case there is a fully-fledged bond market and fiscal crisis,” one economist said.
China sets mid-July for highly anticipated ‘Third Plenum’ meeting to discuss ‘deepening reform’
China’s top leaders will gather from July 15 to 18 for a highly anticipated meeting known as the Third Plenum, state media announced Thursday.
Inside Europe’s tech hubs: France’s AI push puts it on the rise
France has looked to position itself as Europe’s leading artificial intelligence hub, with companies like Mistral AI and H getting large amounts of funding.
