Latest in Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence
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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 - 6h -
Nike shares hit 5-year low as tariffs and consumer caution threaten sales
Sportswear group issues weaker than expected revenue forecast in latest setback to turnaround effortFinancial Times - 2h -
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 -
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 -
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 -
Uncertain Shoppers Slow Spending as Retailers Temper 2025 Expectations
The Conference Board said consumer confidence took its biggest one-month slide in four years, forcing many national chains to lower earnings guidance.Inc. - Mar. 7 -
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 -
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 -
5 questions facing the Fed ahead of its rate decision
The Federal Reserve is expected to keep interest rates steady Wednesday despite growing concerns about the strength of the U.S. economy. Measures of economic confidence spanning consumers, ...The Hill - 2d -
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 -
Canada cuts rates as trade war shakes consumer and business confidence
Reduction to 2.75% comes hours after US tariffs on aluminium and steel take effectFinancial Times - Mar. 12 -
Fed faces threat from US consumers’ soaring inflation expectations
University of Michigan survey shows American households’ outlook for price growth is at its highest since the early 1990sFinancial Times - 2d -
White House defends Trump's tariffs amid plunging stock markets
The White House is defending President Donald Trump's tariffs against the country's top trading partners after the stock market experienced its worst day in 2025 with a sell off that left the Dow ...NBC News - Mar. 11 -
Sales of Vietnamese doll plunge over face marking like China’s ‘nine-dash line’
One version of Baby Three doll appears to bear a mark resembling the shape of the ocean border on which China bases its illegitimate claim to most of the South China Sea. Regional tensions over the ...The Guardian - 1d -
Airline earnings face bumpy ride amid first-quarter ‘parade of horribles’
TD Cowen analysts expect airline stocks to remain volatile.MarketWatch - Mar. 12 -
Stocks plunge, market closes down on recession fears amid escalating tariffs
The major stock indexes plunged on Monday amid fears of a possible recession.ABC News - Mar. 10 -
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 widespreadMarketWatch - Mar. 12 -
Cadillac expects one of every three vehicle sales to be EVs in 2025
Cadillac expects up to 35% of its U.S. sales this year to be EVs, as it continues to expand its lineup despite industrywide slower-than-expected adoption.CNBC - 3d -
Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations
Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts’ projections.NBC News - 1d -
5 risks facing the US economy under Trump
The fundamentals of the U.S. economy are in good shape, with low unemployment and robust growth in recent quarters. But warning signs have been flashing and markets have been sliding amid policy ...The Hill - Mar. 13 -
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 -
China Outlines Plan to Bolster Consumption in Face of Trump Tariffs
Beijing’s leaders are ordering fiscally strapped local governments to spend more to help workers, consumers and businesses.The New York Times - 3d -
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 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 -
Stocks slide into correction as tariff anxiety persists.
The S&P 500 is on the cusp of closing in a correction, or a 10% drop from its February high. Constantly moving goal posts on tariffs and trade have rattled investors.The New York Times - Mar. 13 -
Retail sales increased 0.2% in February, though spending up less than expected
Retail sales were expected to show a 0.6% rise in February, according to the Dow Jones consensus estimate.CNBC - 4d -
Portugal set for snap general election as PM faces confidence vote
MPs prepare to debate a motion of confidence that looks likely to topple centre-right government. Portugal is bracing for its third snap general election in as many years as MPs prepare to debate a ...The Guardian - Mar. 11 -
Apple now faces a problem far bigger than tariffs or weak iPhone sales
A prominent Apple blogger says the company “squandered” its credibility by advertising Siri features as an iPhone 16 selling point — when they were nowhere near ready to use.MarketWatch - 5d -
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 -
‘World’s hottest brand’: how Miu Miu defied sales plunge in fashion industry
As luxury firms struggle worldwide, the ‘knowingly cool’ label is posting record-breaking sales figures. While profits fall across the luxury fashion industry, one kooky Italian label is posting ...The Guardian - Mar. 8 -
US consumers’ long-term inflation expectations hit 32-year high
Worse than expected data comes days ahead of Federal Reserve’s next meeting on interest ratesFinancial Times - Mar. 14 -
Tesla shares plunge 15%, suffering steepest drop in five years
Tesla continued its downward slide on Monday, with the stock suffering its most dramatic sell-off since September 2020.CNBC - Mar. 10 -
Erdoğan’s move against main rival plunges Turkey into crisis
Politicians and investors say arrest of Istanbul mayor Ekrem İmamoğlu marks dangerous turning point in authoritarian slideFinancial Times - 1d -
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 profitsFinancial Times - 11h -
Sparked by newfound confidence, Michigan downs Purdue in Big Ten quarters
Michigan bounced back from a three-game losing streak to beat Purdue and advance in the Big Ten Tournament.Yahoo Sports - 6d -
U.S. stocks fall as recession fears grow
The Dow Jones shed nearly 900 points on Monday as tariffs, mounting federal layoffs and consumer confidence started to weigh on the economy. Adding to the chaos is the potential for another ...CBS News - Mar. 10 -
Big Company CEOs Join Small Businesses, as Economic Confidence Wanes Amid Tariffs
A new survey of Business Roundtable CEOs mirrors earlier drops in small-business confidence.Inc. - Mar. 13 -
Cadillac expects one of every three vehicle sales to be EVs in 2025
SAN FRANCISCO — Cadillac expects roughly one of every three vehicles it sells in the U.S. this year to be all-electric models, as the automaker continues to expand its EV lineup despite ...NBC News - 3d -
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 -
UK retail sales rise ‘modestly’ as consumers remain cautious
Shoppers continued to cut volume of goods they purchased in February, industry data indicatesFinancial Times - Mar. 11