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Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness
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Financial Times - Business
Nike shares tumble 20% as sales warning rattles retailers
Sportswear maker says it is taking aggressive action to reorganise inventory after weaker than expected quarter -
The Wall Street Journal - World
Puma, Adidas and JD Sports shares fell after U.S. peer Nike warned that sales for fiscal 2025 are expected to fall.
Puma, Adidas and JD Sports shares fell after U.S. peer Nike warned that sales for fiscal 2025 are expected to fall. -
The Wall Street Journal - World
Hennes & Mauritz's shares plunged 13% after it made a weak start to its third quarter and warned about rising raw material costs and adverse currency moves.
Hennes & Mauritz’s shares plunged 13% after it made a weak start to its third quarter and warned about rising raw material costs and adverse currency moves. -
ABC News - Tech
Shares of Trump Media swing wildly after first US presidential debate, fall 10%
Trump Media fell more than 10% Friday after the first U.S. presidential debate, demonstrating another of the wild swings that have made its stock one of the more volatile on Wall StreetDonald Trump -
MarketWatch - Business
Cassava Sciences shares fall after onetime advisor indicted on fraud charges
Shares of biotech company Cassava Sciences Inc. plummeted on Friday after a federal grand jury indicted a onetime science advisor to the company and charged him with falsifying data to obtain millions of dollars in government funds -
The Wall Street Journal - Business
H&M Shares Plunge on Worsening Outlook
Hennes & Mauritz’s shares fell 13% after it made a weak start to its third quarter and warned that its performance would be hurt by rising raw material costs and adverse currency moves. -
NBC News - Top stories
Nike expects more sales declines as it attempts a comeback
Shares of Nike plunged after the sneaker giant cut its full-year guidance and said it expects sales to drop 10% during its current quarter. -
The Wall Street Journal - World
Nike's Warning Shakes European Footwear Stocks
Puma, Adidas and JD Sports shares fell after peer Nike warned that sales for fiscal 2025 are expected to fall, lagging the industry. -
Wired - Tech
The Future of Vaping After the Fall of Juul
This week, we talk to the hosts of the new podcast Backfired about how the e-cigarette industry got to where it is today and where it can go from here.
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