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Nike Shares Soar on Its Production Shift Away From China, but Warns of a $1 Billion Tariff Hit
Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it about $1 billion before it makes internal changes,
Nike ( NKE 16.79%) stock is surging in Friday's trading following the company's recent quarterly report. The footwear and apparel specialist's share price was up 14.5% as of 10:45 a.m. ET. At the same ...
Historically, NKE stock has decreased 65% of the time after earnings announcements, with a median one-day drop of 6.8% and a ...
Shares of Nike Inc. are up more than 15% in morning trading, lifted by the athletic-gear and sneaker maker’s better-than-expected sales forecast. The stock, which is leading the S&P 500 index, is on ...
Nike shares jumped in extending trading Thursday after the sports apparel and equipment maker posted quarterly results above ...
Federal Reserve Chair Jerome Powell is set to testify before Congress this week, and the Fed’s preferred inflation gauge is ...
Consumer stocks rose as Nike shares rallied 15% following its latest earnings report. Analysts are looking for Nike's pivot back to sports performance over lifestyle products to slow sales declines ...
Nike's brand strength is undeniable, but its exposure to volatile fashion trends and shifting consumer preferences limits its ...
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