Nike’s disappointing guidance signals its turnaround is farther from finish line than we hoped

Nike’s disappointing guidance signals its turnaround is farther from finish line than we hoped

Nike shares tumbled Tuesday evening after the company issued disappointing quarterly guidance, further proof the turnaround is taking longer than expected. Total revenue in the company’s fiscal 2026 third quarter was flat year over year at $11.28 billion, topping Wall Street expectations of about $11.24 billion, according to analyst estimates compiled by LSEG. Earnings per…

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Asia markets set to open mostly lower after U.S. court ruling on Trump tariffs

Asia markets set to open mostly lower after U.S. court ruling on Trump tariffs

Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Asia-Pacific markets were poised to open mostly lower Monday as investors assess a U.S. federal appeals court ruling that most of U.S. President Donald Trump’s “reciprocal tariffs are illegal.” The U.S. Court…

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