Nike Inc
Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%
The entrance of the Sketchers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced […]
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Footwear giants Nike, Adidas and others ask Trump for tariff exemption
A man shops for shoes at a Nike outlet store in Los Angeles on April 10, 2025. Frederic J. Brown | Afp | Getty Images America’s largest shoe brands are asking President Donald Trump for a tariff reprieve. The Footwear Distributors and Retailers of America trade group sent a letter to the White House this […]
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Stocks making the biggest moves midday: Nike, Starbucks, GE HealthCare and more
Check out the companies making headlines in midday trading: Etsy — The e-commerce company saw shares tumbling 9%. Etsy Chief Financial Officer Lanny Baker said the company is “staying nimble in the face of uncertainty” around the tariff announcements and “the fluid state of consumer confidence in our core markets. Separately, Etsy posted better-than-expected revenue for […]
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Vietnam has been a big beneficiary of global trade — Trump’s new tariffs threaten to derail that
Boats in the harbor of Mui Ne, Vietnam, on March 8, 2023. Alexandra Schuler | Picture Alliance | Getty Images Vietnam has long been viewed as a successful example of embracing external trade, luring some of the largest companies in the world to establish hubs to manufacture everything from footwear to electronic products that grace […]
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Peter Navarro says Vietnam’s 0% tariff offer is not enough: ‘It’s the nontariff cheating that matters’
White House trade advisor Peter Navarro said Monday that an offer by Vietnam to eliminate tariffs on U.S. imports would not be enough for the administration to lift its new levies announced last week. “Let’s take Vietnam. When they come to us and say ‘we’ll go to zero tariffs,’ that means nothing to us because […]
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Stocks making the biggest moves midday: Lululemon, Nike, Tesla, Nvidia and more
Check out the companies making headlines in midday trading: Lululemon — The athleisure company saw shares plunging more than 11% after President Donald Trump’s imposition of tariffs on countries where the firm imports a big portion of its products. In 2024, Lululemon sourced 40% of its products from Vietnam, which was hit by a 46% […]
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Stocks making the biggest moves premarket: Nike, Apple, Ford, Deckers and more
Check out the companies making headlines before the bell. Lululemon – Shares tumbled more than 12% on the heels of President Donald Trump’s new wide-ranging tariffs . According to an SEC filing , the company sourced 40% of its products from Vietnam in 2024 – a country that was slammed with a 46% tariff. Almost […]
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CNBC Daily Open: Trump shows no mercy with his tariffs — and stocks suffer
U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images Psychologist Carl Jung believed in the “collective unconscious,” a universal mind all humanity is tapped into. In the context of the […]
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Wall Street reacts to Trump’s tariff announcement as the stock market drops
President Donald Trump ‘s long-awaited announcement on tariff policy appears to have caught some on Wall Street off guard, or at least come in toward the negative end of expected outcomes. Exchange-traded funds that track market indexes such as the S & P 500 and Nasdaq 100 were selling off during after-hours trading Wednesday. Shares […]
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