News

Eight out of nine S&P 500 companies beat EPS estimates this week: Earnings Scorecard
Wall Street hits record highs as investors cheer a U.S.-China trade deal, upbeat earnings, & a hot May PCE report.
Will Trump-era tariffs make your next pair of Nikes more expensive?
Global sportswear giant Nike is reportedly bracing for a $1 billion blow from US tariffs on Chinese-made imports, a cost surge it admits will be passed, at least partly, onto customers. The warning ...
ABC 10News San Diego16h
Tariffs force Nike to boost prices, costing customers $1 billion
With tariffs leading to price hikes, Nike plans to shift production and reduce its reliance on Chinese manufacturing by the ...
KARK17h
Nike warns ‘surgical’ price increases are coming soon
With the new tariff rates in place today, we estimate a gross incremental cost increase to Nike of approximately $1 billion.
The Press Democrat1d
US stocks close at an all-time high just months after plunging on tariff fears
U.S. stocks closed at an all-time high, another milestone in a remarkable recovery from a springtime plunge caused by fears ...
Why Nike stock is soaring despite a looming billion-dollar tariff hit and its CEO saying sales are ‘not up to the Nike standard’
Nike stocks soared Friday, despite a 12% revenue slump in the fourth quarter. CEO Elliott Hill told analysts Thursday he ...
Asianet Newsable on MSN1d
Nike Cuts China Production for U.S. Amid Tariff Pressure – 5 Key Updates
Nike plans big sourcing changes and forecasts a revenue dip, but it’s not all bad news. Here's what the sportswear giant is ...
Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...
Nike sees $1B hit from tariffs
The world's largest shoe company on Thursday said that current tariffs in place could lead to an additional cost increase of ...