Tag Archives: Corporate / Industrial News

The Dow is falling as consumer spending disappoints

Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, record coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average fell 534 …

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The Dow is falling as consumer spending disappoints

Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, an increase in coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average …

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Nike slips on Covid-related surprise loss

Text size Gross margins fell 8.20 percentage points, even with fewer discounts, due to supply chain disruptions and related costs. Timothy A. Clary / AFP via Getty Images Nike shares fell after hours as the sporting goods retailer lost a surprise in its fiscal fourth quarter amid store closings as …

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‘Greener Ice in the NHL’ – Amazon names headquarters for Seattle’s new hockey franchise, the Climate Pledge Arena

Amazon.com Inc., the fast-delivery giant historically under fire for its impact on the environment, has bought the name rights to Seattle’s KeyArena, giving up a corporate nickname for calling the site Climate Pledge Arena. The facility, where the city’s incoming NHL franchise will play and where the WNBA’s Storm already …

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