Nike stock was down Friday after the company lowered its outlook. The company said it planned $2 billion in cuts, which could include layoffs.
The 'Halftime Report Investment Committee discusses Nike's latest quarter and the road ahead for the retailer.
U.S. equities headed into the long holiday weekend with gains at midday, amid a broad-based rally fueled by enthusiasm over the possibility of several Fed interest rate cuts next year. The Dow, S&P 50
Nike (NKE) was the worst-performing stock in the Dow and S&P 500 as shares tumbled over 10% in intraday trading Friday after the athletic apparel retailer slashed its full-year outlook because of “s
Today marks the final trading day before Christmas and is also the first day of a period known as the Santa Claus Rally.
Nike unveiled a $2 billion cost-savings plan that suggested significant layoffs are looming — and sent the athletic apparel giant's share price tumbling more than 10%.
Apparel maker Nike is seeing more caution from consumers, particularly in markets such as Europe and China.
J Rogers Kniffen WWE CEO Jan Kniffen joins 'Squawk on the Street' to discuss his thoughts on Nike's quarterly earnings results, how the global macro picture affects companies like Nike, and what the c

Why Nike Stock Got Hammered Today

10:56am, Friday, 22'nd Dec 2023
Nike's revenue isn't growing as much as expected and Wall Street is worried about competition. The company's profitability is strong and it has lots of resources for meeting its competition head-on if

Nike earnings: Top three takeaways

10:45am, Friday, 22'nd Dec 2023
Shares of Nike (NKE) are falling Friday morning after posting its second-quarter earnings and announcing a cut of up to $2 billion in production costs. The company also cites having to wade through to
Nike Inc  (NYSE:NKE) capped off earnings reports for 2023 with better-than-expected second-quarter profits of $1.03 per share, though revenue missed the mark.
Before U.S. markets opened on Friday, the Bureau of Economic Analysis released its personal income and spending report for November.
The company laid out a $2 billion cost-saving plan on Thursday and said it was adopting a "more prudent approach" to planning for the rest of the year.
Nike lowered its revenue outlook for the fiscal year and unveiled a plan to cut $2 billion in costs.
We have narrowed our search to five consumer-centric large-cap stocks that have strong potential for 2024. These are: LYV, RCL, CMCSA, NKE, WMG.
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