Adidas experienced a significant 8.2% increase in its shares following an unexpected positive turn in the first quarter. The German sportswear company raised its full-year guidance, projecting a mid-to high-single-digit growth rate in currency-neutral revenues for 2024. This was a drastic change from the previous forecast of a mid-single-digit growth rate. Additionally, the company reported
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Sheila Bair, the former chair of the U.S. Federal Deposit Insurance Corp, is raising red flags about the upcoming regional bank earnings reports. She expressed her worries about certain regional banks being overly reliant on industry deposits, having concentrated commercial real estate exposure, and facing potential instability with uninsured deposits. Bair’s concerns stem from the
Federal Reserve Chair Jerome Powell recently made comments indicating that while the U.S. economy is strong in many aspects, inflation remains below the central bank’s target. This suggests that interest rate cuts are unlikely to occur in the near future. Powell highlighted the solid growth and strength in the labor market but expressed concerns about
President Joe Biden and Vice President Kamala Harris recently released their annual tax returns, providing valuable insights for average Americans, according to tax experts. The president and first lady reported a joint adjusted gross income of $619,976 for 2023, while the Vice President and her husband showed an adjusted gross income of $450,299, showcasing the
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