U.S. Pending Home Sales Take Sharp Dip

Daily Trader Insights

Welcome to today’s edition of Daily Trader Insights — your briefing on the top headlines moving the markets today, alongside timely opportunities and early-stage alerts.

Nike’s Chief Innovator Announces Retirement

John Hoke, who joined Nike back in 1992, is stepping away from his role as Chief Innovation Officer after decades of shaping product design. His departure comes amid a wider leadership overhaul by new CEO Elliott Hill, who’s tasked with reigniting the brand’s growth amid fierce competition and margin pressures. The exit signals a pivot in Nike’s innovation priorities at a crucial time. Read More >>

Fed’s Goolsbee Signals Path for Rate Cuts

Federal Reserve official Austan Goolsbee likened tariffs to economic ‘belly fat,’ suggesting that if they’re removed, it could pave the way for rate cuts. Speaking at the Mackinac Policy Conference, Goolsbee emphasized that removing trade barriers might be essential for monetary easing as inflation moderates. Read More >>

U.S. Pending Home Sales Take Sharp Dip

The National Association of Realtors reported a 6.3% drop in pending home sales for April — much steeper than analysts expected. This downturn points to persistent affordability issues and high mortgage rates that continue to chill housing demand. The index now sits at 71.3, reflecting broader market caution. Read More >>

Zoox Robotaxi Recall After SF Crash

Amazon’s self-driving unit Zoox has issued a second software recall following a crash involving one of its vehicles in San Francisco. The update aims to improve how the system detects pedestrians and halts motion. This recall covers 270 vehicles and marks a critical test for autonomous safety protocols. Read More >>

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