Yellen Sees Cautious Path After Mixed Jobs Report
Federal Reserve Chair Janet Yellen framed the May labor market as mixed, calling the dismal report concerning but stressing gradual rate increases remain appropriate if data strengthen. She did not commit to June or July moves, noting markets view a June hike as unlikely while signaling progress in employment and wage growth could support future tightening.
MENTIONED IN THIS ARTICLE
Federal Reserve
Janet Yellen
Fed
Yellen
Labor Department
World Affairs Council of Philadelphia
Michael Feroli
Jpmorgan Chase
Nike versus Under Armour in NBA Finals sponsorships
The NBA Finals become a public battleground for Nike and Under Armour as they vie for endorsements with LeBron James and Stephen Curry. Investors focus on shareholder returns, evaluating how each brand monetizes the rivalry through sponsorships, deals, and scale.
MENTIONED IN THIS ARTICLE
Warriors
Stephen Curry
Cavaliers
LeBron James
Golden State Warriors
Cleveland Cavaliers
Nike
Under Armour
Curry
UCLA
Laurent Vasilescu
Macquarie
Nike Seen as Better Long Term Buy Over Under Armour
Market analysis weighs comparables with a focus on growth and valuation. Under Armour shows 29 percent revenue rise last year and a projected 25 percent this year, while Nike eyes about 8.8 percent growth in 2016 and a 25 percent premium. Analysts note Nike’s larger scale, stronger cash flow and broader moat, favoring Nike despite Under Armour’s rapid ascent.
MENTIONED IN THIS ARTICLE
Under Armour
S&p
Nike
Corinna Freedman
Bb&t
Vasilescu
Paul Swinand
Morningstar
Wall Street
Swinand
Playboy Mansion Under Contract With Hostess Owner Neighbor
Daren Metropoulos, principal at Metropoulos & Co., plans to buy the 20,000 square foot Beverly Hills mansion near Hefner. Hefner, 90, will live there for life. The 200 million listing price was not disclosed.
MENTIONED IN THIS ARTICLE
Playboy
Hugh Hefner
Playboy Enterprises
Daren Metropoulos
Metropoulos & Co
Hostess
Beverly Hills
Hefner
Hertz splits Hertz Global Holdings from Herc Holdings
Hertz Rental Car Holding Co will split its equipment rental unit into Herc Holdings by June 30 while Hertz, Dollar and Thrifty car brands stay under Hertz Global Holdings. Hercules Offshore files Chapter 11 to liquidate assets and wind down nonviable operations.
MENTIONED IN THIS ARTICLE
Hertz Equipment and Car Rental
Hertz Rental Car Holding Co
Hertz
Dollar
Thrifty
Hertz Global Holdings
Herc Holdings
Hercules Offshore
Hercules
Zuckerberg Hack Shows Social Accounts Targeted Online
Hackers claimed to breach Mark Zuckerberg's Twitter and Pinterest pages though Facebook said no systems were accessed. OurMine group credited the breach via compromised LinkedIn data and Zuckerberg later regained access with no messages remaining. Experts urge stronger passwords and two factor authentication across platforms.
MENTIONED IN THIS ARTICLE
Mark Zuckerberg
Facebook
Twitter
Engadget
Zuckerberg
Melanie Ensign
OurMine
Google
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Jobs Report
Nee
Philadelphia
Beck Diefenbach
AFP/GETTY IMAGES
S&p Global Market Intelligence
USA Today
Moneyline
DOW Jones Industrial Avg
Tad
Marketwatch.com
USA
College
Anet Loehrke
Asé Today
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