Nike is feeling the heat from U. S. trade policies. The sportswear giant warns that tariffs could add a cool $1 billion to its costs this year. To soften the blow, Nike plans to cut back on making its products in China. This shift is a big deal because China currently makes about 16% of Nike's shoes
Tesla has seen another high-profile departure. Omead Afshar, who led manufacturing and operations in North America and Europe, is out. He's the latest in a string of executives to leave the electric car maker. Just last month, Milan Kovac, the head of engineering for Tesla's Optimus robot, also depa
Nike's stock price surged after the company shared its fiscal fourth-quarter results. The sportswear leader saw a 12% drop in revenue compared to last year, but it still managed to exceed what analysts had predicted. The company's profit also took a hit, falling to $211 million from $1. 5 billion th
Epic Games, the company behind Fortnite, is in hot water. They've been accused of tricking players into buying stuff they didn't want. Now, the Federal Trade Commission (FTC) is stepping in to help. The FTC has already given out over $72 million to players who were charged unfairly. But they're not
Nike's shares got a big boost recently, jumping over 10% after hours. This happened even though the company reported some of its worst results in years. Investors seem hopeful that Nike's new plans might finally start working. The company's CEO, Elliott Hill, came back from retirement to lead Nike.
The US Treasury has made a request to Congress to eliminate a specific part of Donald Trump's budget plan. This part, known as Section 899, was meant to impose extra taxes on investments from certain countries. The Treasury believes this rule is no longer necessary because of a recent agreement with
Fortnite players, listen up! You might be able to get some money back from unwanted purchases. The Federal Trade Commission (FTC) is sending out over $126 million in refunds. They are also reopening the claim process for those who missed the first round. Epic Games, the company behind Fortnite, had
McDonald's and Krispy Kreme are calling it quits. The two big names in fast food and sweets teamed up last year, but it didn't work out like they hoped. Krispy Kreme donuts were sold at over 2, 400 McDonald's spots, but the numbers weren't adding up for both sides. McDonald's says they were selling
Nvidia, the AI chip powerhouse, saw its shares reach a new peak on Wednesday, climbing to $154. 31 each. This marks a 4. 3% increase from the previous day's close, pushing the company's total value to $3. 76 trillion. This makes Nvidia the most valuable company globally, surpassing tech giants like
Private equity firms are playing a big role in shaping the future of elderly care. These firms invest money into businesses, including those in healthcare. But not many studies look closely at how these firms affect long-term care. Most research focuses on the United States, leaving other countries
