
Inflation eased for the tenth consecutive month in April but remains above the Fed’s 2% target. Meanwhile, consumer spending rose more than expected in April, indicating resilience in the economy and increasing the odds of another interest rate hike this month.
Popular footwear manufacturer NIKE, Inc. (NKE) surpassed Street estimates for revenue and EPS in the third quarter. The company’s EPS came 44.6% above the consensus estimate, while its revenue beat the estimate by 7.9%.