TennesseePhotographer United Auto Workers President Shawn Fain met last week with the autoworker union’s executive board to discuss his deep concerns about the likelihood that President Joe Biden could defeat Donald Trump in the November presidential election, sources told Reuters. The discussion reportedly involved analyzing what actions the union couldContinue Reading
SlavkoSereda/iStock via Getty Images U.S. crude oil broke a three-session losing streak as government data showed signs of strengthening demand for refined products after the Fourth of July holiday. The holiday provided an expected increase in demand for jet fuel, with the four-week seasonal average rising to the best levelContinue Reading
JHVEPhoto The Architecture Billings Index has historically been a sentiment indicator for software firm Autodesk (NASDAQ:ADSK). However, the index may be losing “relevance” as it relates to the stock as time goes on, Baird said. Although the ABI had a “terrible, horrible, no good, very bad” month last month (downContinue Reading
Scott Olson/Getty Images News The National Football League has lost an antitrust trial over its NFL Sunday Ticket broadcast package, and has been ordered to pay about $4.7B in damages, an amount that could be tripled under antitrust law, according to media reports. A class of football-fan plaintiffs had accusedContinue Reading
As a leader in the athletic sportswear category, Nike’s (NYSE:NKE) quarterly results not only bring an unofficial close to earnings season but are viewed as a barometer to consumer spending trends and the company’s success penetrating foreign markets. Wall Street will dissect FQ4 results next week for not only theContinue Reading
