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Puma, Adidas and JD Sports shares fell after U.S. peer Nike warned that sales for fiscal 2025 are expected to fall.
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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 -
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 -
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 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%. -
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 - 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. -
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 -
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 -
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.
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