Josh Schafer
Josh Schafer is a reporter on the Yahoo Finance Markets team.
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Elevated immigration to boost US economic growth, Goldman Sachs says
Economists believe an above-trend addition of immigrants to the US population could boost the labor market and overall economic growth in 2024.
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A 15-year problem that has plagued corporate America is finally turning around
Productivity is rebounding after 15 years of no gains. That could help drive stocks higher.
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All eyes on the Federal Reserve: What to know this week
An update on the Federal Reserve's plans for interest rates will challenge the market rally in the week ahead.
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Stock market today: Stocks slump after hot inflation print
Stocks edge higher despite a hotter-than-expected wholesale inflation print and rebounding retail sales, data that could sway the Federal Reserve at its policy meeting next week.
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Retail sales rebound in February in sign of consumer spending resilience
The February retail sales report comes as economic data has largely surprised to the upside.
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Nike history: Beyond the Ticker
Just do it. Nike's (NKE) slogan and 'Swoosh' logo that defines the iconic brand is now a staple for footwear, athletic apparel, and pop culture. The company generated more than $51 billion in revenue in 2023, an increase of about $4.5 billion year-over-year. Let's take a closer look at Nike's biggest moments with Beyond the Ticker, which charts its path to becoming a global icon. 1964 Nike was originally founded as Blue Ribbon Sports by Phil Knight and Bill Bowerman on January 25, 1964. 1971 The company was renamed Nike and began using the 'Swoosh' logo, created by Portland State University student Carolyn Davis, who sold Nike the logo for just $35. 1980 On December 2, 1980, Nike went public via initial public offering (IPO) on the NASDAQ at $22 per share. 1984 The company signed Michael Jordan, launching the Air Jordan series. Within the first two months of the shoe’s release, Nike sold $70 million worth of Air Jordans. 1997 Nike spun the Jordan brand into its own division featuring the 'Jumpman' logo. 2004 Nike acquired rival Converse for $309 million. Later that year, Phil Knight stepped down as CEO and president of Nike, but continued his chairman role. 2012 Nike became the official supplier for NFL apparel. 2013 Nike became a member of the Dow Jones Industrial Average (^DJI), replacing Alcoa (AA). 2015 The company was named the official supplier for NBA apparel. 2016 Phil Knight officially stepped down from all duties with the company on June 30, 2016. 2019 In November 2019, Nike stopped selling directly through Amazon (AMZN), focusing more on direct relationships with customers. 2021 On November 5, 2021, Nike stock hit an all-time high, trading at $173.12 per share. With the stock down nearly 20% over the past year, as concerns over slowing sales growth and demand in China mount, investors are waiting for the next leg of innovation from the shoe company. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds.
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Stock market today: Nvidia, Tesla drag tech stocks lower as S&P 500 pulls back from record
Investors are keeping their hopes for a summer rate cut warm until they get wholesale inflation and retail sales data.
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Wall Street forecasts are chasing the US economy higher
A shifting economic consensus backed by stronger-than-expected growth could still be a good backdrop for a broadening of the stock market rally.
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Bitcoin to $350,000? Bulls say the current rally is just the beginning.
Some are increasingly bullish on how high bitcoin's price can go. The reasons why are vastly different from traditional stock projections.
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Inflation, retail sales, and the market rally broadens: What to know this week
Investors can expect fresh data on inflation, retail sales, and consumer sentiment in the coming week.
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February jobs report settles Wall Street fears inflation could take rate cuts off the table
New labor market data helped ease fears that persistent wage growth could bring a resurgence in inflation and delay Federal Reserve interest rate cuts.
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February jobs report: US economy adds 275,000 jobs, unemployment rate hits 3.9%
The February jobs report provides an update on the resiliency of the labor market ahead of the Federal Reserve's next policy decision on March 20.
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Stock market today: S&P 500 hits fresh record, Nasdaq pops ahead of jobs day
Investors are looking for further clues on the path of interest rates in Jerome Powell's second day of testimony.
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Stock market today: Stocks rebound as Powell sticks to script on rate cuts
Techs are leading a comeback as investors wait to hear whether Fed Chair Jerome Powell is still pushing back on rate cuts.
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Job openings dip to 2021 lows, but the labor market is 'still quite strong'
Job openings decreased slightly in January as a resilient labor market continues to rebalance.
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Stocks' surge to record highs doesn't mean we're in a bubble
While stocks have surged to record highs, Wall Street strategists see key differences between this run and past bubbles in the stock market.
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Bank of America latest firm to see bullish outcome for stocks in 2024
Bank of America is the latest firm to boost its 2024 S&P 500 year-end target amid the blistering stock market rally.
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February jobs report and Powell's semi-annual testimony: What to know this week
With markets entering another week at record highs, updates on the labor market and a testimony from Federal Reserve chair Jerome Powell will greet investors.
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Wall Street is increasingly worried about inflation's resurgence
With stocks at all-time highs, some Wall Street strategists are concerned that early signs of an inflation resurgence could be a key risk to the market rally.
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Stock market today: S&P 500, Nasdaq hit fresh records to cap best February in nearly a decade
Investors are on edge for the PCE reading, seen as key to assessing how quickly the Fed will start cutting rates.