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Nike shares tumble 20% as sales warning rattles retailers
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CNBC - Business
Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness
Nike has found itself in a rough patch as the sneaker giant has worked to claw back market share it's ceded to upstarts like On Running and Hoka.China -
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
Nike shares tumbled 20% in their worst day on record, dragging down the Dow and S&P 500, which fell 0.1% and 0.4%, respectively. The Nasdaq lost 0.7%.
Nike shares tumbled 20% in their worst day on record, dragging down the Dow and S&P 500, which fell 0.1% and 0.4%, respectively. The Nasdaq lost 0.7%. -
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. -
The Wall Street Journal - Business
Walgreens Plans Major U.S. Store Closures; Shares Tumble
Shares of the pharmacy chain plummeted 25% after The Wall Street Journal reported the CEO’s plans and the company lowered its guidance for the full year. -
Financial Times - World
Could Democrats replace Biden at an ‘open convention’?
Calls for president to pull out of US election race shine light on event that could be display of unity or open warfareJoe Biden -
Financial Times - World
FirstFT: Investors predict a hung parliament in France, after RN wins first-round vote
Also in today’s newsletter, anxieties mount among Democrats and mega-cap companies dominate US markets growth -
CNBC - Business
Chewy shares fall nearly 7% as the boost from Roaring Kitty's new stake diminishes
The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.
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