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US stocks end mixed session after Federal Reserve decision to not extend pandemic-era capital break for banks
The central bank’s move stoked a rise in bond yields and a sell-off in financial stocks
Company
Nike Inc
NYSE:NKE
Nike Inc is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities.
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US stocks tank as spike in bond yields spooks investors
The 10-year Treasury yield jumped 11 basis points above 1.75% at its session high, reaching its highest level since January 2020
Nike sales not as bad as feared - auguring well for JD but not Frasers
After closures in the early months of the coronavirus pandemic, nearly all of the company’s physical stores were open during the quarter across North America, EMEA and Greater China
Nike investors relieved as 3Q digital sales offset China retail hit from coronavirus
The company’s quarterly results show it’s in excellent financial mint and can endure a challenging period
Quantifying the coronavirus: global investment community begins to take stock
The deadly virus continues to spread, but markets, for now, are betting that it can be contained
NIKE disappoints with North America sales growth
The firm posted 10% growth in global sales at US$10.3bn but North America sales were only up 5% to US$3.9bn
Archive
Pence Criticizes China But Seeks Balance as Trade Talks Continue
Pence’s speech comes at a crucial time in the U.S.-China relationship as the two countries remain locked in a trade war and jostle for military and commercial dominance in the Pacific. White House officials have debated for weeks how critic
S&P 500 sees record-setting close after a high-flying day of earnings reports
Meanwhile, housing indicators offered encouraging signs
LATE MOVERS: Papa John's surges as Shaquille O'Neal joins board of directors; Nike trips on 3Q results
Also making moves Friday were Tiffany & Co and Goldcorp
Instagram launches in-app shopping feature
PayPal is partnering with the social media platform and will be available as a payment option in the app
US stocks erase Christmas Eve dive by delivering a Boxing Day boost
The Dow climbed by more than 1,000 points as gains from retail and energy stocks helped Wall Street to recover from severe losses endured on Christmas Eve
Wall Street opens lower amid fresh trade tensions with China
A Wall Street Journal report disclosed the White House had tried to persuade foreign allies to avoid telecom equipment from China’s Huawei Technologies due to cybersecurity risks
CryptoCann™ Report: Winklevoss twins sue BitInstant founder; Cresco Labs hires award-winning designer to up its cannabis game
Cresco Labs hired Scott Wilson, the former global creative director for Nike, to re-brand its cannabis products
Nike races past analyst estimates in 1Q, but weaker-than-expected gross margin weighs on shares
The sneaker giant reported double-digit revenue growth in its first-quarter results
Investments and investor services
Wall Street stocks end mixed as US-China trade woes overhang the markets
The Dow and the S&P 500 fell into negative territory this afternoon
EARLY MOVERS: Nike and Kaepernick still creating a buzz, while Toyota recalls 1mln vehicles, including Prius hybrid
Also in the frame before the New York bell is Kellogg Co, salmonella and more..
Daily CryptoCann™ Report: Coinbase users can turn crypto into e-gift cards; Aurora Cannabis to offer employees medical marijuana coverage
Canadian company Aurora Cannabis' new benefits package includes medical marijuana coverage
Tennis star Roger Federer signs US$300mln deal with Uniqlo, leaves Nike
The Swiss tennis star signed a contract with Nike back in 1994
PRE-MARKET MOVERS: Tesla boss Musk in farting unicorn image row; Wells Fargo and big banks up in pre-market
Constellation Brands and Nike were also in the telescopic spotlight of investors before the bell
Nike runs circles around analyst estimates in its fourth quarter; announces US$15bn stock buyback
The sneaker giant expects to repurchase US$15bn worth of stock within the next four years
Phivida’s outstanding team has a vision for international CBD leadership
New high-profile executives and JV partner add to early CBD mover's strengths
Hardware & electrical equipment
Gfinity shares jump as it names sports industry heavyweight Garry Cook executive chairman
Cook has previously been the president of Nike’s Jordan brand, chief executive of Premier League champions Manchester City and chief global brand officer at the UFC
Nike says it acquired Israel-based computer-vision firm Invertex to boost digital platforms
The company didn't disclose the price of the acquisition
Lululemon Athletica Inc, RH, Nike Inc, Shoe Carnival - AFTER HOURS
A look at some of the highlights in after hours trade in New York
US stocks close lower, extending losses as US-China trade war worries gather pace
Spending bill signed by Trump failed to lift market sentiment
Nike Inc, Micron Technology, Cisco Systems, Pfizer and more - PRE-MARKET
After a sharp plunge in the markets on Thursday, Proactive takes a pre-market peek into the movers and shakers in New York
Nike shares jump as Q3 earnings top forecasts; signals turnaround in core North American market
Nike has endured sluggish sales in the US and Canada – its largest market – in recent years, with shoppers flooded with options from rivals such as Under Armour and Adidas
Nike Inc, Micron, KB Homes & more - AFTER HOURS
A look at what has been moving after hours on Wall Street, New York
US stocks finish higher ahead of Fed policy meet
A look at US and Canadian markets as the day progresses
Nike president Trevor Edwards departs amid claims of improper behavior
He's joined by Jayme Martin, a vice-president and general manager of global categories, as the fallout continues
S&P/ASX 200 holds well in afternoon trade, Bitcoin claws back
A government-appointed inquiry into the nation’s financial industry has started.
US government in shutdown as Senate fails to pass budget; stocks close higher Friday
Wall Street shares closed higher; US Federal gov't shutdown
Investments and investor services
AFTER HOURS: Nike, Papa John's and Smart Global Holdings Inc
Nike underwhelmed with its second-quarter results as it continues to struggle to hold off a resurgent Adidas in North America
Under Armour shares slump to 8-year lows as Q3 results underwhelm, slashes full-year guidance
"While our international business continues to deliver against our ambition of building a global brand, operational challenges and lower demand in North America resulted in third quarter revenue that was below our expectations”
Under Armour slips in pre-market as latest Steph Curry shoe late to the court
The Curry 4 was supposed to hit stores on Friday, but retailers are still only taking orders with a shipping date of November 18
Nike shares ease in premarket after first quarter revenue fails to impress
Revenue during the period reached US$9.07bn, flat against the previous year and against market expectations for US$9.09bn
Twitter, Micron Technology, Nike Inc and more - AFTER HOURS
A round-up of what happened after the bell in New York on Tuesday.
Carnival Corp, Darden Restaurants, Nike and Moleculin Biotech - PRE-MARKET
A look at what's moving the needle in pre-market deals in New York
Dow and S&P 500 edge higher but tech stocks weigh on the Nasdaq
It was another bad for Foot Locker, which was downgraded by four brokers
Nike jumps in pre-market deals as Amazon link is confirmed
Nike products are to be sold directly by Nike on Amazon.
Nike hotfoots it higher after earnings beat expectations
Nike's numbers received a big tick mark from investors
Nike expects to cut 2% of its global workforce as a result of a corporate restructuring programme
The sportswear group said the programme, called the ‘Customer Direct Offense’, will see a new corporate structure focused on 12 cities across 10 countries
Nike and Universal Studios face European probe over merchandise channels
The European Commission will investigate whether the pair and also Hello Kitty owner Sanrio are illegally controlling the sale of licensed merchandise products
US stocks turn sour as healthcare vote postponed
Wall Street shares were higher in early deals as traders await the healthcare vote
Nike running out of steam as quarterly sales fall amid tough competition
Nike has long dominated the US footwear market but the retailer has been more recently losing sales to rivals including Adidas and Under Armour
US shares end mixed with Dow lower; tech stocks provide support
The Dow Jones and the Nasdaq registered their worst daily drops since September yesterday
Archive
EU anti-fraud investigators say UK government faces €2bn fine for negligence over flood of illegal Chinese goods
The European anti-fraud office (Olaf) has recommended the UK pay €1.98bn into the EU budget to compensate for lost customs duties.
US stocks run out of time to keep record run alive
US stocks enjoyed a last-minute rally after President Donald Trump began the process of deregulation but it was not enough to keep record high tickers for an eleventh session
Nike beats expectations in fiscal second quarter
Growth in Asia helped drive the top-line a bit higher than the company had been expecting
US stocks end down, Dow misses 20,000 again
US stocks ended lower on Wednesday as the Dow once more attempted and failed to break 20,000
Archive
Carnival earnings to sail into view
Berenberg went to 'hold' from 'buy' and reduced its price targets to £40 and $50, implying 4% downside.
US stocks scale new record highs, brush off Fed meeting
US stocks scaled new record highs on Tuesday, on the eve of the Federal Reserve’s rate decision
Trending: Nike scores record-sized British soccer contract
The biggest sportswear sponsorship deal in the English Premier League on Wednesday was Manchester United’s with a German brand. On Thursday the trophy passed over to rivals Chelsea Football Club and US apparel maker, Nike
Archive
Retail sector gets a wholesale buy upgrade
Every retailer likes to hear the word “buy” and that was in the vocabulary of brokers at Guggenheim when they opted on Friday to initiate coverage Amazon.com, Nike, Macy’s, Coach and other retail stocks. Meanwhile, Wal-Mart also received so
Callaway finds the fairway as Nike beats golf retreat
Chip Brewer, Callaway’s chief executive, told CNBC. "For those of us with commitment, momentum and specialist focus in the equipment space, we see it as an opportunity."
Nike Corp drops golf equipment as stars struggle
The company will continue to make golf clothing and shoes and also sponsor leading players
Archive
Brokers: Jefferies and Morgan Stanley pick their post-Brexit stocks
The two banking giants have picked the stocks they think will emerge unscathed from the Brexit fire
US stocks calmer over Brexit vote, as oil prices rally
US stocks surged higher on Tuesday, after calm returned to London markets post-Brexit and oil prices staged a late session rally
Archive
Trending: Saudi control of Port Arthur an oil changer?
Some investors may be hoping that news Saudi Arabia is poised to take over the largest oil refinery in the US will mean more control of supply and a faster return to lofty energy prices. Or will it just lead to painful reorganisation of the
Santa starts up the sled as US shares rally
Santa's sled is pulling into view as US shares started on the front foot on Wednesday..
Nike impresses with strong quarterly growth
Nike’s athlete linked approach to marketing continues to deliver, with revenue up strongly in the second quarter.
US close: Stocks find renewed impetus as oil price rallies
With the oil price recovering, energy stocks were back in favor
Goldman Sachs cuts slack to a few energy stocks
Here's a quick Street's eye view of the market on Tuesday
Wall Street shares forge ahead after Yellen comments
At the time of writing, the benchmark Dow Jones was up 170 points to 16,371, the Nasdaq gained 32 to 4,765 and the S&P500 added 14 to 1,946.
Nike fast out of the blocks in fiscal 2016
US broker Jefferies said Nike exceeded expectations on nearly all fronts, even in China and Europe, where market fears were greatest given economic turbulence
Wall Street mixed amid signs of possible Greece debt deal; Celladon tumbles
Wall Street was trading mixed in late trading today amid signs of a possible agreement between Greece and its creditors. The S&P 500 (INDEXSP:.INX) inched down 0.1 percent to 2,101.32 at 3:47 a.m. in New York. The 30-company Dow Jones I
Wall Street poised for higher open on Greek deal hopes; Nike rises
U.S. stock index futures were higher today after a note prepared for the Eurogroup said the euro zone could help Greece repay maturing debt if the current bailout program is extended to November. Standard & Poor’s 500 Index E-mini
Wall Street declines amid Greek bailout concerns; Standard Pacific, Ryland gain after merger
U.S. stocks declined today, but pared their steepest losses by the afternoon, following the latest setback in bailout talks between Greece and its European creditors. The S&P 500 (INDEXSP:.INX) slipped 0.4 percent to 2,086.10 AT 3:47 p.
U.S. stock-index futures drop as Greek bailout talks break down
U.S. stock futures declined today, as a collapse in debt talks between Greece and its European creditors nudged down global markets. Futures for the S&P 500 index dropped about 0.5 percent to 2,074.75. Futures for the Dow industrials fe
Wall Street trade higher as investors cheer retail sales; Amgen, Krispy Kreme gain
Wall Street was trading higher before the close of trading today on optimism Greece would approve an aid-for-reforms deal and amid strong U.S. retail sales, which lifted the U.S. dollar and raised bets the Federal Reserve will raise interes
U.S. stock-index futures waver as investors assess retail sales, jobless claims
Futures for the Dow Jones Industrial Average were up 8 points to 18,025, while those for the S&P 500 index about flat at 2,106.70. Meanwhile, futures for the Nasdaq-100 Index were trading flat to a whisker higher at 4,490.75. U.S. stock
Nike one of sponsors collaborating with investigators in FIFA bribery allegations
Nike’s European competitor and official FIFA supplier Adidas has learned from coaches who urge a strong offense to produce an effective defense, urging FIFA to "to implement and enforce consistent standards for transparency in everyth