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Nike Turnaround Falters As UBS Says There's "No Reason To Buy" Stock
Nike Turnaround Falters As UBS Says There's "No Reason To Buy" Stock
Nike shares fell 3% in premarket trading after the struggling athletic apparel giant warned on its earnings call that revenue declines over the next two quarters will be worse than previously expected, underscoring that there is still no immediate turnaround to halt a multi-year bear market that has driven the stock to decade lows.
"We are not expecting the environment to improve meaningfully over the next six months," Nike's outgoing CFO Matt Friend told investors on Tuesday evening.
Customers...
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Jul 11, 2026 / Tyler Durden
Leftists Celebrate Murder Of Conservative British Politician
Leftists Celebrate Murder Of Conservative British Politician
Authored by Steve Watson via Modernity News,
The savage killing of 78-year-old Reform UK spokeswoman Ann Widdecombe has unleashed a torrent of vile celebration from left-wing activists, revealing the depths of ideological hatred among the left in the UK.
Widdecombe, the outspoken former Conservative MP and prisons minister, was found dead with serious injuries at her Dartmoor home, prompting an immediate murder investigation by Devon and Cornwall Police.
Police keenly informed the public that a 26-year-old white British man has been arrested on suspicion of the...
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May 27, 2026 / Tyler Durden
Texas AG Sues Discord For Deceiving Parents, Endangering Children
Texas AG Sues Discord For Deceiving Parents, Endangering Children
Authored by Naveen Athrappully via The Epoch Times,
Texas Attorney General Ken Paxton filed a lawsuit against communications app Discord, alleging that the platform allows child predators to exploit children while falsely claiming child safety to parents.
“Discord presents itself to the world as a platform built on community, connection, and safety. It is not,” the lawsuit, filed on May 22 in the District Court of Collin County, Texas, said.
“Behind the safety pages and transparency pages, Discord built and maintains one of the...
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Mar 12, 2026 / Tyler Durden
Musk Whips Out 'Macrohard' In Disruptive Tesla-xAI Bid To Shaft Software Companies
Musk Whips Out 'Macrohard' In Disruptive Tesla-xAI Bid To Shaft Software Companies
Elon Musk on Wednesday announced a joint project between Tesla and his AI startup xAI, which he dubbed "Macrohard" or "Digital Optimus" that can 'basically automate entire companies' by observing and intelligently simulating their functions.
The way it works, per a Wednesday post on X:
"Grok is the master conductor/navigator with deep understanding of the world to direct digital Optimus, which is processing and actioning the past 5 secs of real-time computer screen video and keyboard/mouse actions. Grok is like a much...
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