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Wall Street
Stories and analysis from The Business Now newsroom.
Business
Nike Stock Down 35%: China Crisis Deepens — Is NKE a Bargain or a Dangerous Value Trap?
Nike Stock Is Falling — But Is This Finally the Buying Opportunity Investors Have Been Waiting For? Nike (NYSE: NKE) is facing a problem that goes far beyond a weak quarter. The world’s most recognizable sportswear brand is trying to rebuild growth while dealing with declining sales in China, weaker direct-to-consumer revenue, intense competition and...
Business
Jamie Dimon Warns UK Against Bank Tax Hike: Could Higher Taxes Push Finance Jobs and Investment Abroad?
Jamie Dimon Warns UK Chancellor Against Higher Bank Taxes JPMorgan Chase CEO Jamie Dimon has issued a fresh warning to the UK’s new Chancellor, John Healey, over proposals to increase taxes on banks, arguing that a less competitive tax environment could ultimately push financial jobs and investment away from Britain. Dimon’s intervention comes ahead of...
Business
Trump Threatens Oman Over Strait of Hormuz as US-Iran Talks Reach Critical Point
Trump Threatens Oman as Strait of Hormuz Crisis Deepens US President Donald Trump has issued a stark warning to Oman, saying the United States could take military action if Oman interferes with Washington’s efforts to control shipping through the strategically important Strait of Hormuz. The comments, reported on August 17, come at a highly sensitive...
Business
SpaceX Just Broke Another Launch Record: Two Falcon 9 Rockets Took Off Minutes Apart
SpaceX Just Broke Another Launch Record: Two Falcon 9 Rockets Took Off Minutes Apart SpaceX has delivered another striking demonstration of its rapid-launch capability, sending two Falcon 9 missions into orbit in the same evening with only about 38 minutes separating the liftoffs. The back-to-back launches involved the USSF-366 mission from California and the Globalstar...
Business
Nvidia’s $500 Billion AI Bet Is Rewriting Wall Street’s Risk Map — Here’s What Investors Need to Watch
Nvidia’s $500 Billion AI Bet Is Rewriting Wall Street’s Risk Map — Here’s What Investors Need to Watch Nvidia is no longer simply selling the chips powering the artificial-intelligence boom. It is helping create a financing system designed to fund the enormous infrastructure required to keep that boom running. That shift is behind one of...
Business
AI Leverage Warning: The Same Big Tech Stocks Are Powering a Growing Market of Leveraged ETFs
AI Leverage Warning: The Same Big Tech Stocks Are Powering a Growing Market of Leveraged ETFs AI stocks have become more than a dominant force in the equity market—they are increasingly sitting underneath leveraged exchange-traded products that can magnify daily gains and losses. That concentration is creating a new source of market sensitivity: when the...
Business
U.S. Debt Alert: Treasury Is Paying More Than $3 Billion a Day in Interest as Deficit Heads Toward $2.1 Trillion
U.S. Debt Alert: Treasury Is Paying More Than $3 Billion a Day in Interest as Deficit Heads Toward $2.1 Trillion America’s fiscal picture is coming under renewed pressure as the federal government faces rapidly rising interest costs and another enormous annual deficit. New Congressional Budget Office figures show that net interest on debt held by...
Business
U.S. Fires on Panama-Flagged Ship Near Iran Blockade: Vela Nova Incident Raises Fresh Maritime Crisis Fears
U.S. Fires on Panama-Flagged Ship Near Iran Blockade: Vela Nova Incident Raises Fresh Maritime Crisis Fears Meta Description: U.S. forces reportedly fired on Panama-flagged ship Vela Nova after it attempted to breach the blockade of Iranian ports. Here’s what happened and what it means. A new maritime confrontation in the Gulf region is putting the...
Business
Legal & General Beats Expectations as Pension Boom Powers Profit Surge — What Happens Next for LGEN Stock?
Legal & General Beats Expectations as Pension Boom Powers Profit Surge — What Happens Next for LGEN Stock? Legal & General Group (LGEN) has given investors a fresh reason to look closely at the UK insurance and retirement sector after reporting a stronger-than-expected first-half performance, with pension risk-transfer deals once again emerging as one of...