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CNBC reported on August 21, 2026, that Starbucks Corporation (NASDAQ:SBUX) and NIKE, Inc. (NYSE:NKE) are among several major US brands that have seen their China businesses shrink over the past few years, as domestic Chinese competitors and a lack of local relevance erode market share once considered a guaranteed growth engine. Why This Matters China […]
With a new slate of executives at the helm, the wearables company is focused on making deeper inroads in sports sponsorships as it looks to win over women consumers, CMO DJ van Hameren said.
With all the talk about private equity and Silicon Valley hotshots buying up stakes in sports teams, it seems at least one athlete has turned the tables on those investors and made out big too. Basketball superstar Kevin Durant has apparently turned a $250,000 venture investment into $60 million, which according to sports business guru Joe Pompliano is “one of the best athlete investments ever (and more money than Durant will make playing in the NBA this season).” Pompliano says that Durant reaped the windfall as part of Nvidia buying Hugging Face, an open-source artificial intelligence platform used by developers, for $12.9 billion.
Two battered consumer giants both hired new leadership to stop the bleeding, but the turnaround playbooks could not look more different right now. Before adding either to a retirement portfolio, the evidence separating genuine recovery from prolonged hope deserves a hard look.
Jane Ewing joins the company next month and will be “vital” to strengthening connections across the organization, CEO Elliott Hill said.
Cautious consumers and rising competition are squeezing companies’ profits.
Nike stock has been under heavy pressure for several years, yet the current valuation checks give a split message, with the Discounted Cash Flow (DCF) intrinsic value pointing to shares that are roughly in line with fair value while market multiples still suggest potential undervaluation. After such a long slide, the question for investors is whether the recent price around US$38.59 already reflects the operational challenges described in recent Nike news or if the market is leaning too far...
LULU's Q2 results are likely to reflect international growth and Power of Three X2 gains amid North America softness and margin pressures.
Nike stock hit a 12-year low at $38.59. The 1993 chart parallel shows why Michael Jordan was never the real cause.
Analysts cut price targets amid weak demand, softer traffic and China concerns.
Your fixed annuity and LeBron James share a balance sheet, and the tax consequences of that arrangement fall entirely on you. Here is what the insurers funding his Nike deal are not telling their policyholders.
(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe
The main stock indexes failed to make big moves on Wednesday ahead of Nvidia's earnings report, while Meta settled a landmark social media case.
Consumer stocks were lower late Wednesday afternoon, with the State Street Consumer Staples Select S
The sales guide came down, and the margin guide came forward in the same update; the open question is how much of that second half is already in the share price.
Investing.com -- Truist cut its rating for Nike (NYSE: NKE) to Hold from Buy in a note Wednesday and lowered its price target to $42 from $47, saying an update from Dick's Sporting Goods (NYSE: DKS) has muddied the picture on the sportswear group's recovery.
Investing.com -- Telsey Advisory Group downgraded Dick's Sporting Goods (NYSE: DKS) to Market Perform from Outperform and slashed its price target to $145 from $255 in a note Wednesday, citing a tougher recovery path at recently acquired Foot Locker.
Look out for another bad quarter from Nike.
DKS stock fell more than 30% in the previous session, marking its biggest single-day plunge on record.
CEO Elliott Hill has started fixing Nike’s business. Winning back the consumers and cultural cachet it lost could be much harder.
Nike is on the verge of becoming a dividend aristocrat. However, its earnings need to improve materially, or else the payouts would become increasingly unsustainable.
It has been a frustrating 2026 for NIKE (NKE) and Intuitive Surgical (ISRG), with shares underperforming in a big way.
Nike (NKE) closed the most recent trading day at $39.48, moving 3.12% from the previous trading session.
(Updates with index/price moves, macroeconomic data, analyst comments and company/geopolitical news
Nike stock declined along with other footwear brands after Dick’s Sporting Goods missed earnings expectations.
A number of stocks fell in the morning session after Dick's Sporting Goods reported weaker-than-expected quarterly earnings and warned of rising inventory levels that are forcing heavy promotional discounting across the athletic retail sector. Shares of athletic footwear and apparel makers retreated after Dick's Sporting Goods reduced its full-year profit outlook according to the company’s press release, signaling broader margin pressures across the sportswear market. Retail executives noted tha
Nike stock declined along with other footwear brands after Dick’s Sporting Goods missed earnings expectations.
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