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
Bitcoin rally raises sustainability fears
Bitcoin surges past $124K, gaining $1,300 in 24 hours, but analysts warn of fading momentum amid weakening network activity.
Bitcoin surges past $124K, gaining $1,300 in 24 hours, but analysts warn of fading momentum amid weakening network activity.
Bitcoin has surged past $124,000, adding more than $1,300 in just 24 hours, one of its strongest rallies this quarter.
But analysts warn the momentum could be fading, as on-chain data shows network activity weakening despite rising prices.
#bitcoin #money #bitcoinsurge #tickernews
News
New Ticker TV show The Connector launches to bridge Australia-UK
Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK ties through insightful conversations
Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK ties through insightful conversations
– Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK opportunities through dialogue.
– It comes as Prime Minister Albanese promotes strong ties with London, emphasising cultural and economic connections between the nations.
Belinda Coates brings extensive experience in executive and advisory roles across various sectors. She is driven to reshape industries and create opportunities on both sides of the world.
Ahron Young, CEO of Ticker Studios, stated that now is the ideal time to highlight the talent and capital flowing between Australia and the UK. The Connector aims to spotlight innovators and changemakers bridging industries and borders.
“With so much talent and capital flowing between Australia and the UK, this is exactly the right time to tell these stories. The Connector will spotlight the innovators, leaders, and change-makers building bridges across industries and borders.”
Focus on people
Coates explained the programme’s focus on people, showcasing visionaries shaping the future and exploring collaboration’s role in generating opportunities. The show aims to inspire with stories highlighting resilience, growth, and ambition.
“This show isn’t about dry trade figures or policy—it’s about people. We’ll showcase the visionaries shaping the future in both countries, explore how collaboration sparks opportunity, and inspire audiences with stories of resilience, growth, and shared ambition.”
The Connector will debut on Ticker’s global streaming network this month, with new episodes released weekly. It will feature guest experts from various sectors, addressing relevant topics like housing affordability and building stock revitalisation.
News
Big tech’s influence on copyright threatens Australian creators
Michael Miller warns AI’s data exploitation may harm journalists’ rights, reminiscent of past tech threats to Australian media. #bigtech #ai
Michael Miller warns AI’s data exploitation may harm journalists’ rights, reminiscent of past tech threats to Australian media. #bigtech #ai
News Corp Australasia’s executive chairman, Michael Miller warns that the ambition of AI companies to exploit data without fair compensation may undermine the rights of journalists and artists.
The approach of major tech companies during the digital revolution could resurface, threatening Australian media and content creators if copyright laws are eased.
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