Nike layoffs 2026 breakdown: Why is Nike cutting 1,400 jobs? Which departments and regions are hit hardest?Nike layoffs 2026 explained: Nike is cutting jobs again. About 1,400 employees will be affected, mostly in global operations and technology...
SoftBank seeks $10 billion margin loan backed by OpenAI shares: ReportSoftBank Group is seeking a substantial $10 billion loan. This loan is backed by its shares in ChatGPT-maker OpenAI. The move signals SoftB...
Lululemon says it picks former Nike executive Heidi O'Neill as next CEOLululemon has taken a decisive step by naming Heidi O'Neill, an ex-Nike leader, as the brand's new chief executive. This transition follows...
Billions in Wealth, Millions in Pay: A look at Tim Cook’s earnings story at Apple; all about his net worth and paycheckApple's CEO Tim Cook is stepping down in September 2026. Veteran executive John Ternus will take over the top role. Cook will become execut...
Why are US stock market futures largely unchanged and Nasdaq up while Dow Jones and S&P 500 flat? Wall Street futures, key US stocks, analyst views, market outlook and what should investors do nowWhy are US stock market futures largely unchanged and Nasdaq up while Dow Jones and S&P 500 flat? Futures stayed steady as investors paused...
US Stock Market | Wall Street ends higher on speculation about end to Iran warWall Street surged as President Trump hinted at a swift end to Middle East conflict, boosting tech giants like Alphabet. Investors are opti...
Allbirds to be bought by American Exchange for $39 millionAmerican Exchange Group agreed to acquire all assets and liabilities of Allbirds for $39 million. Allbirds will seek shareholder approval a...
Lululemon shares tumble 20% as yogawear firm warns tariffs will crimp profitLululemon Athletica's shares fell 21% in premarket trading on Friday, as the maker of high-end leggings warned that tariff-related costs an...
Nike cuts some jobs in technology divisionNike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announced last ...
The best player in the WNBA now has her own shoe. It took a long time.A'ja Wilson, a dominant force in the WNBA, has finally received her signature shoe from Nike, a milestone delayed despite her numerous achi...
Nike can’t ‘just do it’ with US tariffs on Vietnam, set to face big blow in its effort to revive brandNike faces potential U.S. tariffs on imports from Vietnam, where it produces 50% of its footwear and 28% of its apparel. Higher tariffs cou...
Nike plans to cut about 2% jobsThe job cuts are expected to start on Friday, and a second phase will be completed by the end of the quarter, the report said, citing an em...
Nike shares hit record high as sales get post-lockdown boostThe company's fourth-quarter revenue also nearly doubled, topping $12 billion for the first time and overshadowing a weaker-than-anticipate...
Nike, Under Armour to close all US stores due to coronavirusUnder Armour will shutter all of its stores in North America from Monday for about two weeks, while Wisconsin-based apparel retailer Lands ...
Nike temporarily closes European headquarters due to coronavirus caseDutch news agency ANP, citing an internal email, reported overnight that the office in Hilversum would be disinfected. The employee was sta...
Nike looks out for gay athlete for new ad campaignThe prospect of Nike producing a big, gay ad campaign should surprise exactly nobody who pays attention to sports or marketing.
- Gokaldas set to dress up Olympians
While India’s fortunes at the Beijing Olympics would be known only during the course of the games, there has been an early India involvemen...