Nike shares jump on strong earnings, signs its turnaround is racing ahead under CEO Hill

Nike shares jump on strong earnings, signs its turnaround is racing ahead under CEO Hill

Nike shares jumped in after-hours trading Tuesday after the sportswear maker’s quarterly results far exceeded Wall Street expectations, signaling that CEO Elliott Hill’s turnaround strategy is gaining momentum. Total revenue in the company’s fiscal 2026 first quarter increased 1% year over year to $11.72 billion, topping Wall Street expectations of about $11 billion, according to…

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Lithium Americas stock pops as government takes a stake to boost Nevada project

Lithium Americas stock pops as government takes a stake to boost Nevada project

In windswept, remote Thacker Pass in the far northern reaches of Nevada permits approved for a massive lithium mine, proposed by Lithium Americas Corp., are drawing impassioned protest from the local indigenous population, ranchers, and environmentalists.  Carolyn Cole | Los Angeles Times | Getty Images Shares of Lithium Americas popped more than 30% in extended…

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Warren Buffett is reportedly eyeing Berkshire Hathaway’s biggest deal in three years

Warren Buffett is reportedly eyeing Berkshire Hathaway’s biggest deal in three years

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway is closing in on a deal to buy Occidental Petroleum’s petrochemical unit OxyChem for roughly $10 billion, the Wall Street Journal reported Tuesday. The potential deal, which could finalize within days per the…

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