Consumers allege Nike raised prices to offset $1 billion in tariffs but has made no commitment to return the money
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<body><p>STORY: :: Lisa Bernhard, Reuters</p><p>:: Ross Mayfield, Investment Strategist, Baird</p><p>The S&P 500 and the Nasdaq rallied to record highs on Friday, boosted by gains in semiconductor stocks, while a stronger-than-expected jobs report pointed to labor market resilience.</p><p>Speaking with Reuters' Lisa Bernhard, Mayfield said that with April's nonfarm payrolls data "building on last month's strong report... you start to feel like maybe the labor market is turning a corner."</p><p>Meanwhile, shares of Intel joined the chip rally late Friday, soaring as high as 19%, after the Wall Street Journal reported on Friday that the company had reached a preliminary deal to make some chips for Apple devices.</p><p>"I certainly wouldn't want to stand in front of this momentum-driven sector," Mayfield said of the recent chip rally. "In my mind, it can't be a bubble if earnings are keeping up with price."</p></body>
A new report out from the Federal Reserve on Friday says risks to the financial system from private credit "appear limited and manageable."
By Jonathan Stempel May 8 (Reuters) - Nike was sued on Friday by consumers who accused the athletic apparel and footwear maker of not refunding tariff-related costs it passed on in the form of higher
Investing.com -- Wall Street has risen to new record highs on Friday, bouncing back from losses in the prior session, boosted by a jump in chip stocks and a stronger-than-expected April U.S. jobs report.
Intel, Micron, and a strong jobs report lifted the S&P 500 and Nasdaq-100 to fresh records. Here's what you need to know.
Costco members are taking the retailer to court over its plan to lower prices. Win or lose, the case is going to have big implications for retailers in the months to come.
The US economy grew by 115,000 non-farm payroll jobs in April, according to the Bureau of Labor Statistics' (BLS) latest report, above economists' forecasts of 65,000. The national unemployment rate held steady at 4.3%. Acting US Secretary of Labor Keith E. Sonderling sits down with Yahoo Finance Senior Reporter Jennifer Schonberger to talk about the fresh labor data, citing "resiliency" in job growth amid domestic investments in the US from major companies. Sonderling took on the mantle of Acting Secretary of Labor after Lori Chavez-DeRemer resigned from the Trump Cabinet position on April 20.
Tapestry beats Q3 earnings estimates and raises FY26 guidance. But shares fall 12% on tariff concerns and Kate Spade weakness.
The S&P 500 and Nasdaq were chasing fresh highs on Friday after the unemployment rate held steady in April. The S&P was up 0.5%. The Nasdaq was up 0.6%. The Dow rose 220 points, or 0.4%. The S&P and Nasdaq were on pace for record closing highs.
Yahoo Finance's Head of News, Myles Udland, and Julie Hyman discuss this latest jobs market report.
The April jobs report should show decent hiring. A solid labor market and high oil prices have quashed Fed rate-cut hopes.
Employers added 115,000 jobs last month, more than double the 55,000 economists had expected
U.S. Treasury yields are choppy following a stronger-than-expected April jobs report. While the economy added more jobs than anticipated last month, bond investors were taking the data in stride. Many have become less worried about the labor market in recent months and shifted their focus to energy prices and the state of U.
Stock Market Today: The Dow Jones index rose Friday ahead of the April jobs report. Coinbase and Cloudflare dived on earnings.
8am: Futures point higher US stocks are set for a positive open on Friday, with futures pointing higher as Wall Street looks ahead to April's non-farm payrolls report, even as tensions in the Middle East flared overnight. Nasdaq futures are up 0.7%, S&P 500 futures have gained 0.5%,...
The company says it remains “the nation’s largest distributed power plant operator,” with about 4.3 GWh of networked storage capacity as of March 31 — a 50% increase year over year. It aims to have 10 GWh of dispatchable capacity by the end of 2028.
Preliminary settlement papers filed in Manhattan federal court show the proposed agreement is still subject to approval by Judge Arun Subramanian.
Jeffrey Gundlach, the DoubleLine Capital CEO known as the “Bond King,” has spent recent months hammering one message across his webcasts, CNBC appearances, and social posts: U.S. federal debt is on an unsustainable trajectory, some form of fiscal reckoning or debt restructuring is a credible tail risk, and the dollar is structurally vulnerable. He has ... Jeffrey Gundlach’s Debt Restructure Trade: 2 Stocks and 2 ETFs Built for the Storm
Elizabeth Schwartz will head up government relations at the for-profit hospital trade association as health systems brace for federal funding cuts.
Nintendo and Sony both flagged the impact from surging memory prices on their games businesses on Friday, as the artificial intelligence boom constrains chip supply and deepens disruptions across the tech sector. "Super Mario" maker Nintendo said that higher component costs, particularly memory, and the impact of tariffs is expected to add roughly 100 billion yen ($638 million) to costs in the current financial year. President Shuntaro Furukawa said the higher component costs, along with factors including exchange rates, were reflected in Nintendo's decision to hike prices of its Switch 2.
Stocks were on course to rise to close out the week, with Wall Street seemingly more focused on the looming April jobs report than an exchange of fire between the U.S. and Iran. S&P 500 futures added 0.3% and contracts tied to the tech-heavy Nasdaq 100 gained 0.5%. Friday’s nonfarm payrolls report could have a bigger bearing on the market than events in the Middle East.
For logistic companies, or for logistics investors, it is time to stay calm and carry on. Monday, Amazon com sent a shock wave through the market by announcing Amazon Supply Chain Services, or ASCS, essentially opening up to outside customers the logistics network it built to support its retail business.
By Harry Robertson and Amanda Cooper LONDON, May 8 (Reuters) - Inflation-linked bonds — despite the promise in their name — have stumbled along with the rest of the bond market as the Iran war drives
World shares retreated and oil prices fell back Friday as the fragile ceasefire with Iran was strained by missile and drone attacks that prompted U.S. retaliatory strikes on Iranian military facilities. Investors are closely watching the war situation as negotiations between the U.S. and Iran to end the war make limited progress.
(Bloomberg) -- The Federal Reserve’s custody holdings of Treasuries fell for the first time in a month at a time Japan was likely intervening to support its currency, with market participants debating whether the nation offloaded US securities to fund its yen purchases.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Fires on Iranian Targets as Trump Demands Deal From TehranSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogDOJ Plan