Nike Inc. faces a risk from slower spending by US students, in addition to ongoing Chinese headwinds, according to Jefferies analysts.
US Treasuries extended their decline, driving 10- and 30-year yields to new multi-year highs, on expectations the Federal Reserve will hold interest rates high and the supply of new bonds will keep rising as the federal government contends with mounting deficits.
Deutsche Bank AG’s DWS asset management arm agreed to pay a total of $25 million to settle Securities and Exchange Commission probes into alleged greenwashing and anti-money laundering lapses.
Microsoft Corp lost its only sell rating on Monday as Guggenheim upgraded its view on the software giant to neutral, citing a tailwind from generative artificial intelligence.
Alcoa Inc. named William F. Oplinger as chief executive officer, replacing Roy C. Harvey, who has led the largest US aluminum producer since its split from Arconic Corp.
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