Nike warns turnaround ‘won’t be linear,’ but sees signs of life at retail chains
Last Updated:
First Published:
Nike Inc. executives on Tuesday said the sneaker maker’s recovery won’t be “linear” and warned of falling second-quarter sales and a roughly $1.5 billion hit from U.S. tariffs, but the company’s longer-term demand outlook at retail stores appeared to lift investors’ spirits.
The remarks, made during Nike’s
NKE fiscal first-quarter earnings call, came as Wall Street searches for signs that the athletic-gear giant’s turnaround plans are working, roughly one year into Chief Executive Elliott Hill’s leadership.
Pfizer found a way to boost its ailing stock — agree on drug pricing with TrumpRx
Last Updated:
First Published:
Shares of Pfizer Inc. powered higher Tuesday after the drug giant announced a “voluntary” agreement to meet several of President Donald Trump’s demands to lower drug prices for Americans.
The company
PFE said it would lower U.S. drug prices to match those of other developed countries, which was a key point of contention for the Trump administration, and the reasoning behind the executive order Trump signed in May that instituted a “most favored nation” policy for prescription drugs.
Why Gundlach says it’s a very unusual market — and what bonds he likes now
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
How the Trump administration is boosting stock buybacks
Jules Rimmer is a markets reporter in London.Rimmer spent more than 30 years as a trader and stockbroker in financial markets, starting at Salomon Brothers in the Liar’s Poker era, taking in ING Barings, Jefferies and ending it in emerging markets at Investec. He hung up his headset and pivoted to journalism in 2021.
When the world’s largest asset manager and the ‘bond king’ both agree — run to gold, silver and bitcoin
Charlie Garcia is the founder of R360, a global community of individuals and families with a net worth of $100 million or more. He is editor-in-chief of the Night Owl, R360’s exclusive publication delivering contrarian insights into global markets. Garcia is the author of the books “A Message From Garcia” and “Leadership Lessons of the White House Fellows.” A bitcoin enthusiast, he runs his own node.