Stocks Rise on CPI Inflation Beat | Closing Bell

The collapse of eFishery, once a promising unicorn in Indonesia's startup ecosystem, has raised concerns among investors, leading to a shift in focus towards financial discipline rather than ambitious promises. This failure reflects broader challenges within the Indonesian market.

Oil prices are on track for a second consecutive weekly decline, primarily driven by concerns over a growing global glut that is overshadowing potential supply disruptions. This trend reflects ongoing volatility in the oil market as traders react to changing supply dynamics.

Wealthy Australians are increasingly investing in private markets, a shift that is transforming how the nation's affluent accumulate wealth amid rising global credit risks. This trend reflects a growing confidence among high-net-worth individuals in alternative investment avenues as traditional markets face uncertainties.

Nike reported a 1% increase in revenue to $12.4 billion, surpassing analyst expectations, but faced significant challenges in China and with its Converse brand, which saw a 30% decline in sales during the fiscal second quarter ending November 30. This weakness overshadowed the positive revenue figures, leading to a drop in shares.

Paul Abrahimzadeh, a partner at 1789 Capital, discussed the anticipated SpaceX IPO during an interview, highlighting 2025 as a pivotal year for public offerings, driven by a robust backlog and active mergers and acquisitions in Silicon Valley. This insight was shared on Bloomberg's 'The Close' with Romaine Bostick and Katie Greifeld.

Gargi Chaudhuri, Head of iShares Investment Strategy Americas at BlackRock, anticipates that the Federal Reserve will implement two additional interest rate cuts as the economy shows multiple positive growth indicators heading into 2026. This outlook was shared during an interview on Bloomberg's 'The Close' with Romaine Bostick and Katie Greifeld.

FedEx has raised the low end of its full-year profit and sales outlook, indicating that its cost-cutting measures and restructuring of delivery networks are proving effective as demand for shipping improves. The company now expects adjusted earnings of $17.80 to $19 per share for the fiscal year, following a second-quarter profit that exceeded expectations.

FedEx has raised its adjusted earnings forecast for the fiscal year to a range of $17.80 to $19 per share, increasing the low end of its previous profit estimate. This adjustment positions the midpoint above the average analyst estimate of $18.28 per share, as reported by Bloomberg.