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The Latest Breaking News from NIke

Inflation Data Softens, S&P 500 & Nasdaq Rise; Nike Dips

Get ready for a promising start as S&P 500 and Nasdaq gear up for a higher open following mild inflation data. Meanwhile, Nike takes a slight dip.

Top News

Markets Today: Stocks See Support from Favorable U.S. Deflator Report

Morning Markets March E-Mini S&P 500 futures (ES H24) are up +0.21%, and March Nasdaq 100 E-Mini futures (NQH2 4) are up +0.26%. Stock index futures this morning are slightly higher on support from a larger-than-expected decline in the U.S. PCE deflator report, which was dovish for Fed policy. T-note...

Barchart

S&P Futures Tread Water as Key U.S. Inflation Data Looms, Nike Results Disappoint

March S&P 500 E-Mini futures (ESH24) are trending down -0.07% this morning as investors braced for a flurry of U.S. economic data, with a particular focus on the Federal Reserve’s preferred inflation metric.

Barchart

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Nike to axe hundreds of jobs in bid to save $2bn amid sales slump

US sportswear brand announces job cuts and simplification of product ranges in ‘streamlining’ of operations

The Guardian - UK

Nike Tiptoes as Consumer Spending Sinks, Stock Forecast Shrinks

Nike's shares stumble as lackluster consumer spending forces the company to revise its forecast, leaving investors uneasy. Will they bounce back?

Top News

Nike shares dive in after-hours trading after it warns of 'increased macro headwinds' in Greater China and EMEA

Nike trimmed its annual sales forecast, and also announced that it wants to cut $2 billion in costs over the next three years.

Fortune

Nike Shares Tumble As It Cuts Costs Amid 'Softer' Outlook

Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period.

International Business Times

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Nike adjusts sales forecast, unveils B savings plan amid challenges

Nike takes a strategic leap as it announces a billion savings plan amidst uncertain demand. Brace yourself for creative solutions from the sports giant!

Top News

The 10 best movies of 2023: ‘Oppenheimer’ made with detailed care that no film can match

The year also brought standout titles about murders of Native Americans, Michael Jordan’s Nike deal and a doll leaving her pink wonderland.

Chicago Sun-Times

Cristiano Ronaldo Net Worth 2024: Amassing Wealth On And Off The Soccer Field

Cristiano Ronaldo's net worth in 2024 may be one of the highest when it comes to world athletes, and it is easy to see why.

International Business Times

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

March S&P 500 E-Mini futures (ESH24) are up +0.50%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.67% this morning, rebounding from the previous day’s sell-off, while market participants geared up for a new round of U.S. economic data and awaited an earnings report from footwear and sports apparel…

Barchart

I Reviewed More Than 50 New Running Shoes In 2023, Here Are My Five Favorites

Highlights of 2023 include the best Nike Vaporfly yet and a return to form for the Adidas Boston

Coach

As Mary Earps becomes the first ever goalkeeper to win BBC Sports Personality of the Year: 6 surprising fun facts you didn't know about her

The former MC UK Guest Editor is a jack of all trades.

Marie Claire

Rare Air Jordans made for Spike Lee fetch $50,000 for homelessness charity

The shoes – which debuted as Lee’s footwear at the 2019 Academy Awards – were found in a clothing donation bin in Portland, Oregon

The Guardian - US

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The Guardian - UK

Mary Earps receives Nike promise to avoid another women’s replica shirt row

Mary Earp has said ‘representation, visibility, is so important’ after she revealed Nike will ensure her shirt will be readily available for sale

The Independent UK

Mary Earps hits out at Manchester United transfer speculation: ‘It’s an injustice’

Earps, who capped an incredible 2023 by being voted the BBC’s Sports Personality of the Year, has been linked with a move to Arsenal

StockNews.com

NIKE (NKE) Earnings Preview: Athletic Stock Buy or Sell?

Sports apparel retailer NIKE (NKE) will report its second-quarter results on December 21. While its revenue is expected to rise, its EPS is expected to remain flat year-over-year. Additionally, it trades at an expensive valuation compared to its peers. Therefore, is the stock a buy or sell now? Let’s discuss….

The Guardian - UK

Football for free: will Paris FC’s brave policy raise profile of women’s game?

Club estimate scheme will lose them €1m as it includes the men’s team too but the women have already set an attendance record

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The Independent UK

Piers Morgan claims Mary Earps did not ‘deserve’ SPOTY award over Rory McIlroy, Frankie Dettori and Ronnie O’Sullivan

Earps succeeds fellow Lionesses star Beth Mead who won the Sports Personality award after England’s Euros triumph in 2022

The Independent UK

Last-minute Christmas deals: ASOS, Sephora, Beerwulf, JD Sports, Debenhams and more

Take advantage of discount codes from top brands with delivery in time for Christmas

The Independent UK

Mary Earps crowned Sports Personality of the Year as Man City sweep other awards

England star Earps was the odds-on favourite and topped the public vote ahead of Stuart Broad, Katarina Johnson-Thompson, Frankie Dettori, Alfie Hewett and Rory McIlroy

The Independent UK

England goalkeeper Mary Earps crowned BBC Sports Personality of the Year

The 30-year-old was a key part of the Lionesses side which reached the Women’s World Cup final in the summer.

USA Today Sports Media Group

5 sneaky cool things you didn’t know about Sabrina Ionescu and her Nike signature shoes

Nike and WNBA star Sabrina Ionescu have something special going on. Her Sabrina 1 signature shoes mean more.

Top News

2024 Masters Field Shrinks as Small as 77 Players

Get the inside scoop on the upcoming Masters in 2024, including the smallest field in years, Tiger Woods' relationship with Nike, and more golf news. Fore-...

International Business Times

Michael Jordan Net Worth 2024: Wealth Sees Sharp Jump From Sale of Hornets Stake

Business magazine Forbes has estimated Michael Jordan's net worth at $3B, thanks to the sale of his majority stake in the Charlotte Hornets.

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