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Top Nike Distributor Sounds Profit Alarm As BNP Says China Remains "Red Flag"
Top Nike Distributor Sounds Profit Alarm As BNP Says China Remains "Red Flag"
Nike has reported declining quarterly sales in China, where demand remains under pressure from mounting macroeconomic headwinds, and the brand continues to lose market share to newer competitors. This weakness has dented the shoemaker's broader turnaround efforts and suggests a much-needed reset in the Chinese market.
The stock is down 65% from its 2021 peak and is now trading at 2017 levels, as investors hope management will accelerate a turnaround plan to reverse this devastating multi-year bear market....
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Apr 27, 2026 / Tyler Durden
Tillis Gives Warsh Green Light After DOJ Drops Powell Inquiry
Tillis Gives Warsh Green Light After DOJ Drops Powell Inquiry
The last roadblock to Kevin Warsh's nomination to lead the Federal Reserve is getting out of the way, as North Carolina Sen. Thom Tillis (R) said on Sunday that he's ready to lend his support towards Warsh's confirmation.
Tillis had refused to advance Warsh or any other Fed nominee until the DOJ dropped its investigation into current chair, Jerome Powell over cost overruns in a renovation of the Fed's headquarters. After DC US attorney Jeanine Pirro said on Friday that the matter...
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Mar 30, 2026 / Tyler Durden
How Gas Prices Compare Around The World
How Gas Prices Compare Around The World
The war in Iran has driven up oil prices in many countries, with gasoline prices turning into a topic of discussion around the world.
The increases have been particularly pronounced in emerging markets, with gasoline prices jumping by more than 50 percent in the Philippines and nearly as much in Nigeria (around 49 percent), with diesel rising even more steeply.
Advanced economies have also seen notable increases, with gasoline prices climbing by roughly 25 to 30 percent in the United States and Canada over the period, and diesel prices...
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Apr 29, 2026 / Jason Ditz
Three Lebanese Paramedics Killed by Israeli Double-Tap Strike
At least 16 people were killed in the past 24 hours in various Israeli strikes, including a Lebanese soldier, a family of five, and three emergency workers trying to rescue the wounded in an attack on the town of Majdal Zoun. The family of five were identified as the Bahja family in the town of […]
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