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Nike warned its revenue in the first half of fiscal 2025 will decline by a low single-digit percentage as it scales back production of some classic shoe franchises to cut costs. On a post-earnings call, Nike's CFO said the company is reducing orders for shoes like the Air Force 1 and Pegasus Running as it shifts focus to upcoming launches. Newer brands like On and Hoka have been gaining market share by offering innovative performance shoes that appeal to customers. Nike's Q3 revenue rose 0.3% to $12.43 billion, beating estimates. The company maintained its fiscal 2024 revenue growth forecast of 1%.
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Matador Software
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Free Online Courses
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Data Shows , US Wages Falling , at a 'Striking' Pace.<br/>Fox News reports that wage growth <br/>in the United States has slowed <br/>significantly over the past year. .<br/>According to new data from Indeed, <br/>wage growth is beginning <br/>to near pre-pandemic levels. .<br/>Indeed's wage tracker showed that salaries have had <br/>a marked drop since January 2022, suggesting that <br/>employers are seeing less competition for new hires.<br/>The pace of deceleration <br/>is striking. Posted wage growth <br/>has fallen by almost 3 percentage <br/>points over the past year, Nick Bunker, Indeed labor economist, via Fox News.<br/>Fox News reports that the most pronounced <br/>deceleration was found in low-wage sectors. .<br/>Given the huge run-up in posted <br/>wages for those sectors, wage growth <br/>is still above its pre-pandemic pace. <br/>How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.<br/>After remaining historically tight throughout the last <br/>year, the labor market is expected to continue slowing <br/>in the coming months amid elevated interest rates.<br/>Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.<br/>Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>Despite this, job growth has <br/>remained resilient, with employers <br/>adding 275,000 jobs in February. .<br/>At the same time, Labor Department <br/>data shows that the unemployment <br/>rate for the month also rose to 3.9%.
⏲ 1:31 👁 5.4M
technoera solutions
⏲ 2 minutes 41 seconds 👁 196
Kenneth Truong
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A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.
⏲ 1:27 👁 135K
Roel Van de Paar
⏲ 2 minutes 20 seconds 👁 885
hammadshams
⏲ 3 minutes 36 seconds 👁 15.7K
Warren Buffett, the chairman of Berkshire Hathaway (BRK.A), is the most successful investor of our time. His daughter, Susan, worked as my assistant when I was the publisher of a magazine 40 years ago. Just before she got married, Susie told me she worried that her fiancé’s parents had bought a couple of shares of Berkshire stock — and what if it tanked? At the time, the price was about $1,000 a share. Today, it’s $507,000 a share. I hope the in-laws hung on.<br/><br/>In his annual report, Warren Buffett calculates that the average yearly gain in market value from his acquisition of Berkshire in 1965 through the end of 2022 was 19.8%, compared with 9.9% for the S&P 500 — an astounding difference, matched by no one of whom I’m aware. And Berkshire beat the market in two-thirds of the years.
⏲ 1:15 👁 1M
Team TechDom
⏲ 9 minutes 8 seconds 👁 24
Data Logic With Shivam
⏲ 11 minutes 42 seconds 👁 1.4K
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