NKE News Explorer

Three quintessentially American companies — Starbucks, Nike and Boeing — share a common predicament at the moment.

Escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting caution.

Escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting caution.

Escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting caution.

Escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting caution.

The major averages had a sour start to the new trading month and the final quarter of 2024.

Nike is set to release its first earnings report since announcing a new CEO will be starting with the apparel giant in October.

Nike is set to release its first earnings report since announcing a new CEO will be starting with the apparel giant in October.

The September jobs report highlights the coming trading week as investors search for clues on how rapidly the labor market is cooling.

Advertising standards found the ads were misleading in the way information was presented.

Rate-cut euphoria is fading amid reminders of risks to growth.

Rate-cut euphoria is fading amid reminders of risks to growth.

Rate-cut euphoria is fading amid reminders of risks to growth.

Nike named a new CEO as Wall Street has questioned the company's plan to reinvigorate sales growth.

Product innovation, marketing and regaining market share are three items Hill will need to tackle.

Rate-cut euphoria is fading amid reminders of risks to growth.

Investors are hoping that replacing John Donahoe as chief executive will lift its stock price and restore the brand’s cool factor.

Rate-cut euphoria is fading amid reminders of risks to growth.

Elliott Hill, an executive who left the company after Donahoe’s appointment in 2020, will return as chief executive, Nike’s board said.

The company looks to shake things up as demand for its trainers falters in international markets.

The S&P 500 reached a fresh record high on Thursday, supported by the Federal Reserve's oversized rate cut and jobless claims that were below estimates.

Nike has pulled longtime company veteran Elliott Hill out of retirement to serve as president and chief executive, replacing CEO John Donahoe.

Nike named a new CEO as Wall Street has questioned the company's plan to reinvigorate sales growth.

Hill was at Nike for 32 years and held senior leadership positions across Europe and North America and was responsible for helping grow the business to more than $39 billion, Nike said. Hill previously was president, consumer marketplace at Nike, leading all commercial and market operations for Nike and Jordan brand, before retiring in 2020. Donahoe was tasked with bolstering Nike's online presence and drive sales through direct-to-consumer channels.

The administration moved to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.

His work for Nike — particularly commercials starring Michael Jordan and Spike Lee — blurred the line between advertising and entertainment.