The stock market is trading significantly higher midday following the Fed's 50 basis point rate cut. The S&P 500 is up 1.97%, the tech-heavy Nasdaq Composite jumped 2.92%, the Dow Jones Industrial Average increased by 1.48%, and the Russell 2000 Index added 2.15%.

JPMorgan Chase (JPM) appears to be further cracking down on a startling workplace trend. The banking industry has recently come under following the death of a 35-year-old Bank of America employee who died in May after suffering a heart attack while working 100-hour workweeks.

Nike Inc. ousted beleaguered chief executive John Donahoe, bringing longtime executive Elliott Hill out of retirement in a bid to return the struggling athletic brand to its glory days.

Financial distress has forced some major companies in the automotive industry to file for Chapter 11 bankruptcy this year.

The sportswear giant shakes up its leadership amid efforts to revive sales and battle rising competition.

The company’s iconic products faced weakening demand as competition heated up and Tupperware failed to keep up with the changing pace of retail.

The stock has tumbled 25% this year as the sneaker giant struggles with falling sales and customer defections.

Nike shares powered firmly higher in early Friday trading as analysts and investors reacted to the sportswear giant's move to replace Chief Executive John Donahoe.