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NBA star rips into Nike for being ‘silent’ on China
Enes Kanter says Nike is ‘scared to speak up’ against China and wears ‘Modern Day Slavery’ shoes in protest of Uyghur treatment
Boston Celtics centre star Enes Kanter is taken a swing at sports clothing giant Nike for remaining “silent” on China’s use of slave labor and other injustices.
In a video posted to Twitter on Monday, Mr Kanter began by applauding Nike for speaking out against injustices occuring within the United States before ripping the sports apparel company on its silence toward China.
“When it comes to China, Nike remains silent,” Kanter said in his message. “You do not address police brutality in China. You do not speak about discrimination about the LGBTQ community. You do not say a word about the oppression of minorities in China.”
The 11-year NBA veteran, has become a prominent critic of the Chinese government.
China pulled the Celtics’ game telecast and highlights off the air Friday after Kanter posted a video calling Chinese President Xi Jinping a “brutal dictator.”
Has Nike responded?
Nike has not yet responded to the latest comments made by Kanter but said in a statement earlier this year that it “does not source products from the [Xinjiang Uyghur Autonomous Region] and we have confirmed with our contract suppliers that they are not using textiles or spun yarn from the region.”
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RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV
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U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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#RetailSales #USEconomy #FederalReserve #ConsumerSpending #EconomicOutlook #MarketUpdate #InterestRates #TickerNews
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xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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#xai #elonmusk #ai #startupnews #grok #grokipedia #technews #fundinground
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