Your Evening Recap for Wednesday, May 29^th

Decker’s Stock Surges Like NVIDIA Through $1,000 on Robust Growth

While artificial intelligence (AI) chip maker NVIDIA Co. (NASDAQ: NVDA) garnered the spotlight on its stock surge through $1,000, a retailer that gapped through the $1,000 barrier received less fanfare. The price action appears similar, but these companies are in completely different sectors: computer and technology and consumer discretionary. Outdoor lifestyle apparel and footwear maker Deckers Outdoor Co. (NYSE: DECK) shares shot through $1,000 and all-time highs under the radar when it released its fiscal Q4 2024 earnings results. However, the company issued slightly lower guidance than consensus estimates, but shares continued to roar higher. Deckers competes with outdoor apparel retailers, including Canadian Goose Holdings Inc.

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Biden replacement revealed? (Ad)

A former CIA insider just announced a disturbing prediction…

Biden will withdraw as the Democrat nominee on June 13.

See his shocking evidence in this new report

Cleveland Fed names former Goldman Sachs executive Beth Hammack to succeed Mester as president

The Cleveland branch of the Federal Reserve said Wednesday that Beth Hammack, a former executive at investment bank Goldman Sachs, would be its next president effective Aug. 21. Hammack, 52, worked at Goldman Sachs from 1993 until stepping down earlier this year. She was most recently the cohead of global finance, and has also served as global treasurer and held senior trading roles. Hammack was named a partner in 2010. Hammack’s appointment comes at a critical moment for the Fed. Chair Jerome Powell has emphasized that the central bank will keep its key rate at a 23-year high of about 5.3% in an effort to combat inflation, which has fallen sharply from its peak to 2.7%, according to the Fed’s preferred measure.

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