News
Nike shares drop after revenue forecast disappoints investors
Nike shares initially surged after beating estimates, but forecasts of falling revenue led to a sharp drop.
Nike’s recent earnings report exceeded modest estimates, leading to an initial 11% surge in shares.
However, investor optimism quickly diminished when CEO Elliott Hill predicted a significant revenue drop in the third quarter.
In his first earnings call since taking over in October, Hill acknowledged the challenges facing Nike, which has struggled with dwindling demand.
He expressed a commitment to refocusing the company on sports and premium pricing strategies.
Tiger Woods’ Masters win gives Nike investors another reason to smile.
Despite the report showing profit above expectations and a smaller-than-anticipated revenue decline,
Difficult path
Nike’s shares have fallen nearly 30% this year. Analysts highlight the difficult path ahead for Hill, who faces scrutiny over revitalising the brand’s market position.
Hill emphasised the need to rebuild retail partnerships, foster innovation, and limit discounts to traditional retail moments, citing an overly promotional approach that undermines the brand and disrupts profits for partners.
As competitors introduce more appealing footwear, Nike has intensified efforts to regain its market share by investing in new product lines and revamping established franchises like Air Max 95 and Jordans.
Nike’s leadership is now tasked with reversing a trend of market erosion and restoring the brand’s strength in a competitive environment.
News
Greenland says “No” to U.S. takeover — Chooses Denmark in geopolitical showdown
Greenland’s PM chooses Denmark over U.S. amid Trump’s controversy over Arctic control, emphasizing sovereignty and local sentiment.
Greenland’s PM chooses Denmark over U.S. amid Trump’s controversy over Arctic control, emphasizing sovereignty and local sentiment.
Greenland’s Prime Minister Jens‑Frederik Nielsen has delivered a clear message amid renewed pressure from the U.S. — if forced to choose between the United States and Denmark, Greenland will pick Denmark, NATO, and the EU.
Nielsen made the declaration in Copenhagen alongside Danish Prime Minister Mette Frederiksen ahead of diplomatic talks with top U.S. officials.
The announcement comes as U.S. President Donald Trump has again stoked controversy by suggesting Washington could pursue ownership or control of Greenland, citing strategic interests in the Arctic. European leaders and Greenlandic officials have pushed back strongly against these ideas, emphasising sovereignty and respect for international law.
This standoff places Greenland’s future in the spotlight — as Copenhagen and Nuuk reaffirm their ties, local sentiment remains overwhelmingly opposed to U.S. annexation and supportive of Greenland’s own path forward.
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News
Trump promises aid amid Iran unrest
Trump urges Americans in Iran to evacuate amidst escalating protests and vows support for protesters seeking freedom.
Trump urges Americans in Iran to evacuate amidst escalating protests and vows support for protesters seeking freedom.
President Trump has called on Americans in Iran to evacuate as tensions escalate following the government’s violent crackdown on antigovernment protesters. He has ruled out negotiations and encouraged protesters to continue their efforts, hinting that aid could be on the way.
The unrest in Iran has reportedly resulted in over 2,000 deaths, including both protesters and security forces. U.S. officials are reportedly weighing various responses, from sanctions to potential military options, though no immediate action has been confirmed.
Trump delivered a direct message to the people of Iran, emphasising support for their push for freedom and safety amid the growing crisis.
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#IranProtests #Trump #USPolitics #MiddleEastCrisis #HumanRights #EvacuationAlert #GlobalNews #TickerNews
News
Trump escalates pressure on the Federal Reserve with Powell probe
Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.
Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.
The Trump administration has launched a criminal investigation into Federal Reserve Chair Jerome Powell, dramatically escalating tensions between the White House and the central bank.
The probe centres on Powell’s testimony over a controversial renovation of the Federal Reserve’s headquarters, raising alarm over whether political pressure is being applied to monetary policy decisions.
The move has sparked fierce debate in Washington, with critics warning it could undermine investor confidence and destabilise economic expectations.
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#FederalReserve #JeromePowell #DonaldTrump #USPolitics #MonetaryPolicy #Markets #Inflation #TickerNews
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