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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.

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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.

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Epstein hearing explodes over redactions and hidden names

Lawmakers accuse AG Pam Bondi of hiding Epstein-linked names amid congressional hearing, questioning redactions related to billionaire Wexner.

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Lawmakers accuse AG Pam Bondi of hiding Epstein-linked names amid congressional hearing, questioning redactions related to billionaire Wexner.

US lawmakers have accused Attorney General Pam Bondi of withholding key names linked to Jeffrey Epstein during a fiery congressional hearing. The confrontation centred on redactions within investigative files that critics argue should have been fully disclosed under federal law.

Representative Thomas Massie pressed the Justice Department over blacked-out sections, specifically questioning references to billionaire Leslie Wexner. Bondi maintained that Wexner’s name was released promptly once flagged, defending the department’s handling of the documents.

Frustration boiled over as lawmakers challenged the extent of the redactions, leading to an extraordinary moment in the hearing as Bondi pushed back and praised President Donald Trump while standing by the department’s review process.


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#EpsteinFiles #PamBondi #USPolitics #Congress #JeffreyEpstein #BreakingNews #PoliticalDrama #TickerNews


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Angus Taylor moves to challenge Sussan Ley for party leadership

Angus Taylor resigns from Coalition frontbench to challenge Sussan Ley amid Liberal Party divisions and declining poll support.

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Angus Taylor resigns from Coalition frontbench to challenge Sussan Ley amid Liberal Party divisions and declining poll support.

Angus Taylor has resigned from the Coalition frontbench to launch a leadership challenge against Sussan Ley, declaring he lacks confidence in her ability to rebuild support for the Liberal Party. His move sets up a high-stakes internal contest that could reshape the party’s direction.

Supporters of Mr Taylor are expected to push for a meeting by Friday to trigger a potential leadership spill, intensifying pressure on Ms Ley. Moderate MPs are calling on her to demand clear proof of numbers before any ballot takes place.

With the Liberals trailing in the polls and facing mounting questions over strategy, both camps are outlining starkly different visions for the party’s future as tensions rise in Canberra.

#AustralianPolitics #LiberalParty #AngusTaylor #SussanLey #LeadershipSpill #Canberra #AusPol #PoliticalNews

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Iran buries nuclear site entrances amid rising tensions with the U.S.

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Satellite images reveal that Iran has buried all three tunnel entrances at its Isfahan nuclear complex. Analysts say the move mirrors defensive preparations taken before U.S. airstrikes devastated the facility last year, with no vehicle or personnel activity visible around the entrances.

The burial appears aimed at limiting damage from potential airstrikes and complicating any ground raid targeting enriched uranium stored in the underground facility. Experts suggest equipment or materials may have been moved into the tunnels for protection, though this remains unconfirmed.

The fortification comes amid ongoing U.S.-Iran tensions. President Trump has demanded Iran curb its nuclear program, warning of military action, while Tehran insists halting uranium enrichment is unacceptable. Recent indirect talks in Oman showed little progress toward a new deal.


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