Latest in Nike shares hit 5 year low as tariffs and consumer caution threaten sales
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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 - 1d -
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 - 1d -
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 -
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. - 2d -
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 - 6d -
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 - Mar. 15 -
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 - 3d -
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 - 1d -
Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance
The stiff tariffs President Trump briefly imposed on Mexico and Canada this week could have pushed those allies into recession. The impact for America would be messy.The New York Times - Mar. 7 -
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 -
Stitch Fix’s stock rallies after styling service boosts full-year sales forecast
Shares of Stitch Fix rallied after hours on Tuesday, after the online clothing and styling service nudged its full-year sales forecast higher and said its turnaround efforts were working, even as ...MarketWatch - Mar. 12 -
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 -
BYD shares hit record high on 5-minute EV charging claims
Chinese electric vehicle maker says new models can compete with refuelling times for petrol carsFinancial Times - 4d -
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 -
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 - 5d -
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 - 3d -
'See you in four years': Canada flexes economic muscle as tariff negotiations continue
Trump's plans for tariffs and comments about Canada becoming a state has enraged the country's consumers and politicians.CNBC - 5d -
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 - Mar. 15 -
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 - 2d -
Jim Cramer explains what Apple investors should do with the sinking stock
Shares dropped over 5% after Wall Street analysts revised down iPhone sales estimates.CNBC - Mar. 10 -
2-year Treasury note yield bounces from October low as investors await U.S. inflation report
U.S. Treasury yields rose on Tuesday as investors looked ahead to the latest consumer price index reading.CNBC - Mar. 11 -
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 - 3d -
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 -
Stock market opens low following Wall Street's worst day in years
The stock market opened in the red as a major sell off continues prompted by fears of a recession and uncertainty from President Donald Trump's tariffs. NBC News' Brian Cheung reports on what could ...NBC News - Mar. 11 -
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. - 5d -
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 -
Volkswagen’s Profit Under Pressure From Tariffs and Competition
The German auto giant’s earnings fell last year as it pushed ahead with a restructuring in the face of tariff uncertainty in the United States and lost market share in China.The New York Times - Mar. 11 -
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 -
Inflation and Gas Prices Just Hit 4-Year Lows. The Fed Won’t Care
Policymakers won’t cut interest rates in March, but pressure is mounting.Inc. - 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 - 5d -
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 - 2d -
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 -
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