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Trump’s ‘big beautiful bill’ passes Senate

Trump’s tax and spending bill passes Senate 51-50; faces House vote amid concerns over inequality and support cuts.

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6 days ago

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Trump’s tax and spending bill passes Senate 51-50; faces House vote amid concerns over inequality and support cuts.


President Trump’s sweeping tax and spending bill has narrowly passed the U.S. Senate 51-50, with Vice-President JD Vance breaking the tie.

The bill promises big tax breaks, military boosts, and immigration crackdowns, while slashing support for Medicaid and low-income aid, a move critics say risks deepening inequality.

All eyes now turn to the House vote, where Trump’s political clout will face a fresh test.

#Trump #BigBeautifulBill #USPolitics #TickerNews

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Nike stock surges 17% after promising turnaround update

Nike’s stock surged 17% after CEO reassured investors of an imminent recovery despite ongoing challenges and inventory issues.

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1 week ago

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June 28, 2025

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Nike’s stock surged 17% after CEO reassured investors of an imminent recovery despite ongoing challenges and inventory issues.

In Short:
Nike’s stock rose 17% after a better-than-expected earnings report, despite a difficult fourth quarter. CEO Elliott Hill expressed optimism for future improvements due to new strategies, including better product launches and enhanced relationships with retail partners.

Nike’s stock experienced a 17% increase on Friday following an earnings report that exceeded expectations, indicating the company is moving past its recent challenges.

The fourth-quarter report revealed substantial declines, including a 12% drop in sales and an 86% decrease in net income. However, CEO Elliott Hill reassured investors that the worst is over and improvements are anticipated in upcoming quarters.

Despite a poor fourth quarter, Hill emphasised the effectiveness of the ‘Win Now’ turnaround plan initiated 90 days ago. Initial reactions to the earnings report were negative, but optimism grew during the earnings call, leading to a significant rise in stock value.

Product launches

Hill also highlighted advancements in product launches and efforts to rebuild relationships with wholesale partners as central to the company’s strategy. Nike has re-engaged with Amazon for product sales and made strides in appealing to female consumers, evidenced by successful launches in women’s shops.

Following positive remarks from several banks, including HSBC upgrading Nike’s stock rating, the company’s outlook became more promising. HSBC raised its price target for Nike, indicating potential growth.

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Markets reel as Fed chair faces pressure

U.S. dollar hits three-year low; speculation grows over Powell’s future amid concerns of Trump’s potential interference.

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2 weeks ago

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June 27, 2025

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U.S. dollar hits three-year low; speculation grows over Powell’s future amid concerns of Trump’s potential interference.


The U.S. dollar has plunged to a three-year low, and all eyes are on Federal Reserve Chair Jerome Powell amid swirling speculation about his future.

Markets are reacting to fears President Trump could replace Powell before his term ends, or worse, install a “shadow chair” to quietly override Fed decisions.

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#JeromePowell #FederalReserve #USDollar #Trump #markets #InterestRates #tickernews

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Markets rally after surprise Middle East ceasefire, but Fed stays cautious

Global markets soared after Israel-Iran ceasefire, while Fed’s Powell remains cautious on tariffs and rate changes.

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2 weeks ago

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June 25, 2025

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Global markets soared after Israel-Iran ceasefire, while Fed’s Powell remains cautious on tariffs and rate changes.


Global markets surged following a shock ceasefire between Israel and Iran, easing geopolitical fears and sending oil prices plunging over 5%.

But Federal Reserve Chair Jerome Powell says the impact of tariffs still needs time to unfold, as the Fed stays cautious on rate moves.

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#MiddleEast #FederalReserve #Markets #OilPrices #Bitcoin #CryptoNews #TickerNews

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