Nike shares hit 5-year low as tariffs and consumer caution threaten sales

Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence

Nike is trying to execute a turnaround under new CEO Elliott Hill.

CNBC - 8h

Puma’s stock dives to near 9-year low as ‘trade disputes’ hit sales of sports apparel

Shares of Puma tumbled to a near nine-year low on Wednesday after the German sportswear group warned that geopolitical tensions and trade uncertainty would contribute to another year of weak growth.

MarketWatch - Mar. 12

Counter-counter-tariffs? Trump threatens to hit back against EU's retaliation

U.S. President Donald Trump threatened Wednesday to hit back against Europe's own retaliatory move against the U.S.' 25% tariffs on steel and aluminum imports.

CNBC - Mar. 13

As consumers fret, executives have been talking a little less about inflation — and more about this

Despite consumer sentiment hitting a 29-month low by one measure, executives have focused less on inflation — and more on AI — during their quarterly earnings calls.

MarketWatch - 5d

How tariff trouble worldwide could hit your local bar

Tariff trouble around the world could hit your local bar. On Thursday, President Donald Trump threatened to place a 200% tariff on some alcoholic products from the European Union after they issued ...

CBS News - 6d

Consumer sentiment falls to a 29-month low. Uncertainty rises due to tariffs and Trump tumult.

A burst of optimism after Donald Trump won the presidential election has evaporated. Americans worry about rising inflation due to the president’s tariffs, a new survey shows, and they are put off ...

MarketWatch - Mar. 14

Google, Apple hit with EU antitrust actions under cloud of Trump tariff threats

EU regulators are taking steps to rein in Google and Apple on antitrust charges, even as U.S. President Donald Trump threatens to hit the bloc with tariffs.

CNBC - 2d

Douglas warning on weak demand fuels 22% plunge in beauty retailer’s shares

German group points to global trade tensions exacerbating hit to sales and profits

Financial Times - 13h

Stocks sink as investors fret over volley of tariffs

U.S. stocks resume slide as President Trump threatens to hit the European Union with 200% tariff.

CBS News - Mar. 13

Democratic Party’s favorability hits record low: Poll

The Democratic Party’s favorability rating has hit a record low, according to a CNN survey released Sunday. The survey, conducted March 6-9, shows 54 percent of surveyed U.S. adults say they have ...

The Hill - 4d

Talanoa Hufanga's contract has a very low salary cap hit in 2025

New Broncos safety Talanoa Hufanga will have a low salary cap hit this season.

Yahoo Sports - 2d

Trump threatens 200% tariff on European wine and Champagne

The president threatened to take retaliatory action in response to EU tariffs on U.S.-made whiskey.

CBS News - Mar. 13

Trump threatens 200% tariff on E.U. wine and liquor

President Donald Trump threatened Thursday to impose 200% tariffs on alcohol from the European Union in response to the region's retaliatory 50% tariff on U.S. whiskey, further escalating tensions ...

NBC News - Mar. 13

Trump threatens big tariffs on European Union's alcohol

President Trump is threatening a steep tariff on all alcohol from the European Union after a retaliatory tariff on popular U.S. goods was announced. CBS MoneyWatch correspondent Kelly O'Grady reports.

CBS News - Mar. 13

Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents

The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. electricity.

The New York Times - Mar. 12

U.S. consumers are starting to crack as tariffs add to inflation, recession concerns

Airline and retail executives are bracing for a slowdown in demand amid concerns tariffs will cut down consumer spending.

CNBC - 6d

Nike says its effort to focus on athletes’ needs is paying off, and the stock is rallying

Shares of Nike Inc. moved higher after hours on Thursday after the sneaker maker reported fiscal third-quarter results that beat Wall Street’s estimates, as the company tries to focus more deeply ...

MarketWatch - 1d

Breweries and maple syrup producer among Vermont businesses hit by Trump's tariffs on Canada

Business owners from both sides of the U.S.-Canada border gathered Tuesday in Vermont to share how the Trump administration’s sweeping tariffs have affected their industries.

NBC News - 2d

Nike to Post Worst Sales Drop 5 Years on Stagnant Demand

The shoe company has run into a slump, but a partnership with Kim Kardashian could be a step towards a turnaround.

Inc. - 1d

Consumer sentiment plunges on worries about tariffs and inflation

Long-term inflation expectations jumped in March, showing intensifying consumer worries about President Trump's trade wars.

CBS News - Mar. 14

Consumer Spending Rose Weakly in February

Tepid gains after a January dropoff indicate growing caution among U.S. shoppers amid stock market plunges and DOGE job cuts.

Inc. - 4d

Trump’s tariff fight may be making this early recession signal go haywire

Bonds issued by retailers with “junk” credit ratings have been hit by selling as consumer confidence falls, but the selloff isn’t widespread

MarketWatch - Mar. 12

Trump threatens Europe with 200 percent tariff on wine, Champagne

President Trump on Thursday threatened to put a hefty 200 percent tariff on wine and Champagne coming in from Europe if the European Union (EU) does not remove a tariff on whisky. “The European ...

The Hill - Mar. 13

Retail sales rose modestly in February, but fell short of forecasts

Weaker than expected retail sales comes as businesses warn that U.S. consumers are pulling back on spending.

CBS News - 4d

Darden Restaurants sales disappoint, but Olive Garden parent sees consumers continuing to spend

Olive Garden and LongHorn Steakhouse reported weaker-than-expected same-store sales growth in Darden's latest quarter.

CNBC - 1d

Donald Trump threatens 200% tariff on EU wine and champagne

US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskey. US politics live – latest updates Donald Trump has threatened a 200% ...

The Guardian - Mar. 13

Trump threatens 200% tariff on EU liquor; US stocks continue to fall

Recession fears are growing as President Donald Trump is threatening to impose 200 percent tariffs on alcohol from the European Union, sending stocks plunging yet again. "I'm not going to bend at ...

NBC News - Mar. 14

How much will the UK be hit by tariffs and what happens next?

How much will the UK be hit by US tariffs and what happens next?

BBC News - Mar. 12

Florence and Pisa on alert as flooding hits Italy

Tuscany's president advises residents to exercise "the utmost attention and caution".

BBC News - Mar. 14

How to protect yourself as fraud losses hit $12.5 billion in 2024

A new FTC report reveals a sharp rise in fraud losses, with 2.6 million consumers reporting scams in 2024. With financial fraud surging, CBS News business analyst Jill Schlesinger shares how to ...

CBS News - Mar. 13

Oakland A’s being valued at $2 billion in sale of new shares of team

John Fisher, managing partner of the Oakland A's, is offering new shares in his MLB team at a $2 billion valuation, according to sources.

CNBC - 4d

Trump threatens 200% tariff on alcohol from EU

Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.

BBC News - Mar. 13

Consumer sentiment slumps in March to lowest since 2022 as Trump tariffs spark more inflation worries

The University of Michigan's Survey of Consumers was expected to show a reading of 63.2 for March.

CNBC - Mar. 14

Germany to reach out to France and UK over sharing of nuclear weapons

But Friedrich Merz cautions such a move could not replace the US’s existing protective shield over Europe. Germany’s chancellor-to-be, Friedrich Merz, has said he will reach out to France and ...

The Guardian - Mar. 9

Trump tariffs push consumer sentiment to lowest level since 2022

President Trump's escalating trade wars have shaken confidence in the economy among Americans across the political spectrum, according to survey results released Friday. The University of ...

The Hill - Mar. 14

President Trump defends tariffs against allies and threatens more amid volatility in markets

President Trump is threatening a 200% tariff on alcohol from Europe in response to the EU tariff on American-made whiskey. Mr. Trump has defended the current tariffs against allies and downplayed ...

CBS News - Mar. 14

Trump floats 250% tariff on dairy from Canada

Jerome Powell's remarks came as Trump threatened new tariffs on Canada.

ABC News - Mar. 7

AI and US tariffs expected to fuel fresh surge in secondhand fashion sales

Use of hi-tech search tools enables shoppers to find items they want, while trade war pushes up prices of new clothes. Artificial intelligence will spur on sales of secondhand clothing, according ...

The Guardian - 2d

Floodwaters threaten parts of Australia's east coast as tropical storm cleanup begins

Australia’s Prime Minister Anthony Albanese has cautioned that the fallout from a vicious tropical storm over the weekend was “far from over.”

ABC News - Mar. 10

Nike shares hit 5-year low as tariffs and consumer caution threaten sales

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