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On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including the latest news from Uber, a big corporate restructuring from Nike, and a volatile stretch from tech stocks.
First, the hosts noted that, as expected, the Federal Reserve approved its second rate hike of the year on Wednesday. Interestingly enough, the hike was met with some skepticism around the markets, as a concern about slumping inflation rates is starting to spread. But investors knew this hike was coming, and there wasn’t too much of a reaction on Wall Street.
For the first big story of the week, Maddy and Ryan talked about the latest news from Uber. In the latest chapter of its wild ride as one of the world’s most valuable private companies, Uber announced that its polarizing CEO, Travis Kalanick, will be taking a leave of absence. Kalanick’s leave was another response to the continued fallout from the company’s internal investigation into it office culture.
Next up, the hosts touched on some breaking news from one of the world’s most iconic brands: Nike (NKE - Free Report) . On Thursday, shares of athletic retail giant Nike slumped more than 3% after the company announced extensive business changes. These changes include a massive jobs cut and changes to apparel design structure.
Finally, the hosts chatted about the volatile week it has been in the technology sector. Some of the world’s largest tech companies—including the likes of Apple (AAPL - Free Report) , Microsoft (MSFT - Free Report) , and Facebook —suffered a rare slump after investor confidence slipped.
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to this episode of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
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Uber CEO Takes Leave, Nike Restructures, Tech Stocks Have Wild Week
On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including the latest news from Uber, a big corporate restructuring from Nike, and a volatile stretch from tech stocks.
First, the hosts noted that, as expected, the Federal Reserve approved its second rate hike of the year on Wednesday. Interestingly enough, the hike was met with some skepticism around the markets, as a concern about slumping inflation rates is starting to spread. But investors knew this hike was coming, and there wasn’t too much of a reaction on Wall Street.
Find out more here: Gold Sees Gains Disappear as Fed Raises Interest Rates
For the first big story of the week, Maddy and Ryan talked about the latest news from Uber. In the latest chapter of its wild ride as one of the world’s most valuable private companies, Uber announced that its polarizing CEO, Travis Kalanick, will be taking a leave of absence. Kalanick’s leave was another response to the continued fallout from the company’s internal investigation into it office culture.
Read more: Uber CEO Travis Kalanick Takes Leave, Return Date Unknown
Next up, the hosts touched on some breaking news from one of the world’s most iconic brands: Nike (NKE - Free Report) . On Thursday, shares of athletic retail giant Nike slumped more than 3% after the company announced extensive business changes. These changes include a massive jobs cut and changes to apparel design structure.
Get the full details here: Nike Shares Slump on Job Cuts, Corporate Restructuring
Finally, the hosts chatted about the volatile week it has been in the technology sector. Some of the world’s largest tech companies—including the likes of Apple (AAPL - Free Report) , Microsoft (MSFT - Free Report) , and Facebook —suffered a rare slump after investor confidence slipped.
Read one angle here: Apple Stock Dips Again: Is It Oversold?
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to this episode of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>