Nike Inc
Cramer’s week ahead: Next week will be a bellwether for the upcoming earnings season
CNBC’s Jim Cramer on Friday said that next week will be a crucial moment for determining what the upcoming earnings season will look like. “It’s been ages since we’ve been on pre-announcement watch, where companies have to admit that things aren’t going well. Things like higher labor costs, supply chain woes and the Russia-Ukraine war. […]
Read More
Quarter-end buying may lift stocks higher before the next market storm
Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an […]
Read More
Nike to fully exit Russia, will scale down over coming months
A man walks past the Nike logo seen in a window of a brand store in Kiev. Pavlo Gonchar | LightRocket | Getty Images U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday. Nike said on March 3 […]
Read More
Stocks making the biggest moves midday: Nike, La-Z-Boy, Altria Group, Coinbase, Dow & more
People walk past a store of the sporting goods retailer Nike Inc. at a shopping complex in Beijing, China March 25, 2021. Florence Lo | Reuters Check out the companies making headlines in midday trading Wednesday. Nike — Shares of the athleticwear retailer fell more than 3% after Seaport downgraded the stock to neutral from […]
Read More
Crypto start-up MoonPay launches NFT platform with Universal, Fox
MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami. MoonPay Crypto start-up MoonPay said Tuesday that it’s partnering with Universal Pictures, Fox Corporation and Snoop Dogg’s Death Row Records, among other brands, to launch a new NFT platform called HyperMint. The new platform enables large brands, agencies, and enterprises to mint […]
Read More
The world’s most valuable sneakers originally retailed for $60—now they’re selling for $90,000 online
The most devoted “sneakerheads” will wait in long lines and shell out huge sums to land their most coveted footwear. So it’s no surprise that a ranking of the most valuable sneaker investments from discount code website DealA found some pairs of iconic Nike kicks on reselling site StockX fetching as much as a nearly […]
Read More
Microsoft scales down Russia operations due to Ukraine crisis
Microsoft logo displayed on a phone screen and Russian flag displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on March 1, 2022. Jakub Porzycki | Nurphoto | Getty Images Microsoft said on Wednesday it was making substantial cuts to its business in Russia, joining a string […]
Read More
Online marketplace StockX hits back at Nike over claims of counterfeit shoe sales
Online resale marketplace StockX is hitting back at Nike’s claims that the site has been allowing sales of counterfeit versions of its sneakers. StockX, in a response to Nike’s allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft of a court filing seen by CNBC. The response […]
Read More
Beware of these dollar-vulnerable stocks if they’re in your portfolio
The U.S. dollar has been strong this year, and that could mean bad news for companies dependent on international sales. The dollar index , which measures the U.S. currency’s performance against six other major trading currencies such as the euro and the yen, is up more than 6% this year. Earlier this month, the index […]
Read More
Dick’s Sporting Goods shares sink after retailer cuts outlook for the year, joining broader retail trend
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Wednesday reported results for its fiscal first quarter that topped Wall Street’s expectations, as shoppers spent money on golf clubs, soccer gear and athletic apparel from brands like Nike […]
Read More