Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its leadership amid efforts to revive sales and battle rising competition.

Meta Platforms, Inc.'s (NASDAQ:META) Chief Legal Officer, Jennifer Newstead, has sold a total of 905 shares of the company's Class A common stock at a price of $537.72, amounting to over $486,636. The transaction took place on September 17, 2024, and was reported in a recent filing.

Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles.

Bitcoin, the largest cryptocurrency by market capitalization, extended its rise since the week's start, surpassing the $63,000 mark. Bitcoin reached highs of $63,526 in Thursday's session and is set to mark its third consecutive day of gains since September.

The U.S. dollar slipped in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut, as well as the switch to an easing monetary policy stance delivered by the Federal Reserve.

The U.S. dollar dropped on Thursday after the Federal Reserve cut its interest rate by 50 basis points and revised its monetary policy outlook, with sterling, the Australian dollar and the Norwegian crown outperforming their peers.