Nike

UREVO, the home fitness and wellness company, is making a strong bet on the U.S. market with its new wellness ecosystem, forecasting about 50% sales growth in 2025. More than 55% of its total revenue already comes from the U.S., and this figure is expected to grow as demand rises. According to...

The S&P 500 index soared to record highs on Thursday, marking a significant recovery from the steep selloff experienced just a few months ago. The market rebound is driven by easing trade tensions, robust corporate earnings, and receding recession fears. For the day, the S&P 500 rose 0.8%...

With the stock market struggling in 2025, only four of the world's 10 richest people have added to their wealth in 2025, with one of the four being legendary investor Warren Buffett. What Happened: Buffett has a history of beating the S&P 500 performance each year with his Berkshire Hathaway (...

In a volatile trading session on Wednesday, the S&P 500 and Nasdaq indices faced downward pressure as Treasury yields spiked above 5%. This surge in yields led to a broad selloff, particularly impacting high-growth and tech stocks. The S&P 500 fell by 1.6% to 5,844.61, while the Nasdaq...

Sportswear behemoth Nike Inc. (NYSE:NKE) has disclosed plans to lay off employees in its technology division, opting to outsource some of this work to third-party vendors. What Happened: Nike is downsizing its technology workforce. The company representative confirmed to Reuters...

BlackRock Inc. (NYSE:BLK) CEO, Larry Fink believes that America’s plans for a manufacturing resurgence have several shortcomings that tariffs alone may not address. This includes unfavorable demographics and a deeply flawed immigration policy, among other things. What Happened: Speaking at...

U.S. stocks closed higher as the S&P 500 and Nasdaq responded to the Federal Reserve’s decision to keep interest rates at 4.25%-4.50%. The move comes amid downward revisions to 2025 growth projections and rising inflation expectations. The Fed’s statement pointed to increased...

The CEO of Nike Inc. (NYSE:NKE), Elliott Hill, has earned the confidence of Jeffries analyst Randal Konik, who is optimistic about Hill’s strategic plans for the company. What Happened: Konik, in his analyst note to clients, shared that Hill’s strategy to rejuvenate wholesale...

Super Bowl Sunday has arrived, bringing with it a dazzling array of celebrity-packed commercials. Fox , the broadcaster of the game, reportedly announced in November that all ad slots were sold out, with over 10 spots costing advertisers $8 million each. What Happened: This year’s commercials...

Nike Inc. (NYSE:NKE) has decided to return to Super Bowl advertising after a 27-year break, in an effort to revive its dwindling sales. What Happened: The news of Nike’s return was disclosed by JPMorgan analysts in a research note, following a meeting with Nike’s CEO and CFO. The...

Nike Inc (NYSE:NKE) has struggled in recent years. New CEO Elliott Hill discussed his attempted turnaround of the Beaverton, Oregon-based company with Wall Street analysts on Thursday. Here’s what analysts published after the meeting: Goldman Sachs analyst Brooke Roach, who holds a Buy...

Major U.S. indices closed Thursday with mixed results. The Dow Jones Industrial Average edged up by 0.04%, while the S&P 500 slipped 0.09%, and the tech-focused NASDAQ dropped 0.1%. These are the top stocks that gained the attention of retail traders and investors throughout the day. Nike Inc....

Elliott Hill's rise to executive prominence at Nike is the stuff of corporate legend. He started as an intern in 1988 and after 30 years of dedication and a brief retirement, he's back to help lead the company he's called home for decades. Nike's stock shot up after the news broke that Hill would...

Investors faced a turbulent day in the stock market, reacting to a series of events that could potentially impact the values of stocks and sectors in the coming weeks. The S&P 500 and the Nasdaq indices were affected by geopolitical tensions in the Middle East, the aftermath of Hurricane Helene...

The U.S. stock market reached new heights today, following the Federal Reserve’s unexpected decision to cut interest rates for the first time in over four years. This bold move led to a surge in the S&P 500 and Dow Jones indices, reaching all-time highs of 5,700 and 42,000 points...