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Adidas Shares Crash After World Cup Spending Fuels Earnings Miss
Adidas Shares Crash After World Cup Spending Fuels Earnings Miss
Adidas shares crashed the most on record in Europe after outsized World Cup marketing spending weighed on second-quarter operating profit, overshadowing stronger-than-expected tournament-related sales.
Profit totaled 574 million euros for the quarter ending in June, missing the 616 million euro estimate of analysts tracked by Bloomberg, as an additional 212 million euros in spending offset strong sales growth and disappointed investors seeking better margin expansion.
The German sportswear maker generated 1.5 billion euros in sales, with jersey sales quadrupling and ball sales...
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Apr 16, 2026 / Tyler Durden
India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market
India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market
By Julianne Geiger of OilPrice.com
India’s central bank has told state-run oil refiners to stop buying dollars in the spot market and instead use a government-backed credit line.
That matters because oil is priced in dollars, and refiners are some of the biggest buyers of dollars in the country. When they all go into the market at once to pay for crude, it puts direct pressure on the rupee. That pressure has been building for weeks.
The Reserve Bank of...
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Feb 23, 2026 / Caitlin Johnstone
We Deserve Better War Propaganda
They’re not even trying anymore. US middle east envoy Steve Witkoff told Fox News on Saturday that Iran is “probably a week away” from having the materials necessary to make a nuclear bomb — a line that Iran hawks have been falsely repeating for over three decades. It’s such a transparently bogus claim that even The Jerusalem Post dunked on Witkoff for […]
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Jun 10, 2026 / Kyle Anzalone
Trump Says Iran Refused to Make a Deal, Will Now ‘Pay the Price’
President Donald Trump claimed that Iran has been militarily defeated and will not pay the price for refusing to negotiate. “Iran’s Military is a complete and total mess. Much of it, like their Navy and Air Force, doesn’t even exist anymore – They have been completely defeated. Iran is all talk and no action,” the […]
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