Nike ‘still not out of the woods,’ analyst says, as stock drops after earnings
While Nike bulls have been anticipating turnaround plans to bear fruit in the Spring 2026 fashion cycle, “that timeline may prove optimistic,” according to one analyst.
Facebook parent Meta hired accused stalker, lawsuit says
A logo of US company’s Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024. Julien De Rosa | Afp | Getty Images A former Meta staffer who was placed on a “Do Not Hire” list after he stalked and harassed […]
Think flood insurance is pricey now? Premium hikes were coming long before Hurricane Helene.
Hurricane Helene inundated parts of Florida, Georgia, Tennessee and the Carolinas, and now the estimated billions in damage are bringing Americans’ receding flood-insurance coverage into focus.
PepsiCo to buy Siete Foods for $1.2 billion
Siete Foods Tortilla Chips Courtesy: Siete Foods PepsiCo said Tuesday that it’s buying Mexican American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent […]
This tiny North Carolina mining town is crucial to the semiconductor industry. Helene just wrecked it.
Closures from storm damage could lead to supply-chain bottlenecks — and price increases — for the chips used in smartphones, computers and cars.
500 Starbucks locations have voted to unionize
Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022. David Ryder | Bloomberg | Getty Images Baristas at a Starbucks in Bellingham, Washington, became the 500th store to join the Starbucks Workers United union on Monday. Since the first location voted to unionize […]
Nike (NKE) earnings Q1 2025
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Brandon Bell | Getty Images Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a new CEO to take the helm. […]
Alphabet’s stock has been a laggard lately. Here’s one case for a rebound.
Alphabet’s stock has been the weakest performer among the “Magnificent Seven” over the past three months — but one analyst still thinks it has plenty of shine.
Harris the pro-cannabis candidate. The industry isn’t convinced
Vice President Kamala Harris further positioned herself as a pro-cannabis candidate on Monday in an interview with sports and culture podcast “All the Smoke” — but industry leaders aren’t convinced her administration would lead to the reform she has promised. “I just think we have come to a point where we have to understand that […]
Shattuck Labs’ stock craters as biotech scraps main product candidate after failed trial
The stock hit a low of $1.37 earlier in the session, matching its record closing low that was set in October 2023.
