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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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Jul 9, 2026 / Michael Matulef
Fireworks for the Regime: What July 4th Actually Celebrates
Every July 4th, politicians climb podiums, flags wave, a hundred million dollars’ worth of fireworks scatter across the sky, and somewhere between the hot dogs and the stadium-rock anthems, it becomes easy to confuse the theater of freedom with the substance of it.
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Jun 28, 2026 / Tyler Durden
The Path To A September Rate Cut (Despite AI Inflation)
The Path To A September Rate Cut (Despite AI Inflation)
By Peter Tchir of Academy Securities
The Path to a September Rate Cut (despite AI inflation)
A lot has changed in the past 24 hours. After Thursday’s CNBC interview, it seemed obvious (to me) that I needed to write about how there is a real path to a Fed Rate Cut in September. Not only has the market priced in a 75% chance of a hike in September, and 1.25 hikes by the December meeting, most have also taken any chance of...
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Jun 28, 2026 / Tyler Durden
"Navigation Extremely Limited": Top Shipper Warns IRGC Mines Complicate Hormuz Normalization
"Navigation Extremely Limited": Top Shipper Warns IRGC Mines Complicate Hormuz Normalization
The top executive of Japan's largest shipping company told the Financial Times in an exclusive weekend interview that the path toward normalization in the Strait of Hormuz remains far more complicated than anticipated. He warned that shipping volumes may stay well below prewar levels for months, as IRGC-laid mines are forcing vessels into narrow, safer corridors near Iran and Oman.
"The routes available for navigation are extremely limited — they're very narrow corridors," Takaya Soga, chief executive of Japan's NYK...
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