Wells Fargo sees a better setup for Nike going forward. The bank upgraded the sportswear stock to overweight from equal weight. Analyst Ike Boruchow also lifted his price target to $75 from $60, implying a gain of 17% from Wednesday’s close. Boruchow pointed to improve visibility in Nike’s profits and losses, where numbers appear to…
Workers picket in front of a Starbucks outlet in New York City, U.S., Oct. 1, 2025. Brendan McDermid | Reuters Starbucks Workers United launched an open-ended strike in at least 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year. The protest, which the union says involves more than…
JD.com and Alibaba are operating in Suqian City, Jiangsu Province, China, on Dec. 29, 2023. Costfoto | Nurphoto | Getty Images BEIJING — Preliminary figures for China’s biggest shopping event of the year indicated slower sales as consumers tie their purse strings tighter amid weak economic growth. The Double 11 shopping festival this year recorded…
Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising targeting and gaming. Here’s how Tencent performed in the third quarter of 2025, per earnings released on Thursday: Revenue: 192.9 billion Chinese yuan ($27.12 billion), surpassing the 189.2 billion Chinese yuan expected analysts, according to data compiled by…
As food prices climb, Too Good To Go is launching grocery bags with Whole Foods Market, in a major expansion of its push to lessen food waste and provide affordable meals. Too Good To Go is an app that connects users with stores and restaurants that offer surplus food in “surprise bags” at significantly lower…
It can take more than two months to list, market and close on a home sale. For sellers who don’t have that kind of time, there is a faster alternative. IBuyers (short for “instant buyers”) are investment firms that make all-cash offers on properties, sight unseen. Companies like Opendoor use algorithms incorporating property details, market…
Atlanta Federal Reserve President Raphael Bostic said Wednesday he will be leaving his position when his term expires in February. Bostic has been in his current role since June 2017 and is the first Black and openly gay regional president. His term, which also was marked by issues relating to personal investments he made, runs…
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report quarterly earnings on Thursday, and Wall Street will once again be…
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Voter anger at surging electricity prices is fueling political backlash against the artificial intelligence industry’s data centers, with Democrats accusing the Trump administration of failing to address the issue as they zero…
There is still opportunity to grab attractive income in the market these days, but it’s also important to protect against potential risks to the economy, according to portfolio manager Chitrang Purani. As a manager of the Capital Group Core Plus Income ETF (CGCP), he looks to balance those needs for its investors. The exchange-traded fund…
