Nike results top estimates even as China sales drop 12%; retailer expects $986 million tariff refund
Nike was expected to report another quarter of declining sales as the sneaker giant struggles to regain strength under its turnaround strategy.

Nike was expected to report another quarter of declining sales as the sneaker giant struggles to regain strength under its turnaround strategy.
Trump's 927-page financial disclosure report for 2025 totals more than 900 pages detailing holdings in cryptocurrency and stocks.
Wall Street poured into chipmakers not named Nvidia in the second quarter, as the artificial intelligence boom expanded to include more suppliers.
"Caterpillar jumped out at me," Burry said. "I have never shorted Caterpillar. It has always done great for me on the long side in the past."
The cybersecurity leaders are leaning into identity security, a critical cyber segment, as AI agents outnumber humans
President Donald Trump attended oral arguments in the case, underscoring his staunch opposition to granting automatic citizenship to many immigrants' babies.
Anthropic will start an internal drug discovery program, part of a new push to sell artificial intelligence tools to drugmakers.
Cal-Maine Foods, Versova and Hickman's Egg Ranch agreed to settle allegations of price manipulation by the Department of Justice and 17 states.
AWS FDEs will look to leave behind self-sufficient teams with new AI solutions and capabilities in a matter of weeks, the company said.
Those surveyed showed a 78.9% rate of workers who "reported feeling positive at the end of their shifts."
Trump's huge defense budget request and a race to replenish weapons stocks while building hypersonic missiles lead to war between U.S. states for jobs.
American Airlines is opening a grab-and-go lounge at New York's JFK
Democratic and Republican members of Congress expressed alarm at the trend of private equity investment in youth sports.
The Trump administration has expanded access to nicotine products despite concerns from public health critics about youth use and addiction.
Women tend to earn less and spend more time outside of the workforce, which may reduce their Social Security benefits. Here's what to consider before claiming.
New Jersey Rep. Tom Kean said he was diagnosed with depression, explaining a months-long absence from Congress in a competitive district in the midterm elections.
Blue Origin won't be "rebuilding the same pad," and will instead adopt a configuration that was in development for a larger variant of its New Glenn rocket.
Many graduate students will be subject to higher federal student loan caps than previously expected, after a court ruling last week. Here's what to know.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
President Donald Trump took a victory lap after the ruling, writing on Truth Social that it was "A BIG WIN FOR REPUBLICANS."
"We've got inflation that's too high, and it's been too high for the past five years," Beth Hammack told CNBC's Sara Eisen.
The advance marks a sharp turnaround after years of underperformance versus large-cap peers.
The moves come as oil traders monitor the prospect for U.S.-Iran talks in Doha on Tuesday.
The Trump administration's crackdown on Anthropic's leading artificial intelligence models is looking like a gift to China.