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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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Nov 9, 2026 / Tyler Durden
Miller Swears "Absolute Loyalty" To Trump As Jeffries Says Fire Him "Like A Malignant Tumor"
Miller Swears "Absolute Loyalty" To Trump As Jeffries Says Fire Him "Like A Malignant Tumor"
Stephen Miller became White House chief of staff on Monday after telling a crowd in Florida he pledges Trump "my absolute loyalty," as the deputy chief of staff and his own wife both recalibrate their lives around his new job.
Incoming White House Chief of Staff Stephen Miller is one of President Donald Trump's most loyal aides — Mandel NGAN / AFP
In his first public comments since Trump tapped him, Miller wrote on X on Nov....
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May 21, 2026 / Tyler Durden
Electric Bills Could Be 2026 Election Shocker
Electric Bills Could Be 2026 Election Shocker
Authored by John Haughey via The Epoch Times (emphasis ours),
If all politics is local, as former House Speaker Tip O'Neill said in tying politicians' fortunes to constituents' pocketbooks, then a voter's electricity bill is about as local as an issue can get, landing on kitchen tables every month.
Illustration by The Epoch Times, Getty Images, Samira Bouaou/The Epoch Times
With electricity costs spiking for many of the nation's 133 million households, this local issue could determine whether Republicans retain control of Congress or Democrats seize...
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Oct 2, 2026 / Tyler Durden
Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife
Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife
Nike shares are down nearly 10% in pre-market trading in New York after the struggling athletic footwear and apparel company warned its sales slump will deepen and unveiled a restructuring that will eliminate jobs.
As of Thursday's close, year-to-date performance had been absolutely abysmal, with shares down 45%. The extended decline could now put the stock on track for its worst annual loss on record.
The decline follows the sportswear giant's earnings release after hours on Thursday, when it...
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