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Nike to launch new women’s fitness brand with Kim Kardashian’s Skims

Nike will launch a new women’s activewear brand in the U.S. this spring in partnership with Kim Kardashian-owned shapewear clothing company Skims.

UNCASVILLE, CONNECTICUT - SEPTEMBER 22: Caitlin Clark #22 of the Indiana Fever advances the ball during the second half of a first-round WNBA playoff game against the Connecticut Sun at Mohegan Sun Arena on September 22, 2024 in Uncasville, Connecticut. The Sun defeated the Fever 93-69. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Joe Buglewicz/Getty Images)

Caitlin Clark Honored As TIME Magazine’s 2024 Athlete Of The Year

Basketball superstar Caitlin Clark has been named Time Magazine’s Athlete of the Year for 2024 after the way she came on to the scene making a massive impact on the Women’s National Basketball Association (WNBA) in just her first season.

Morgan Stanley CEO James Gorman attends the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. REUTERS/Brendan McDermid/File Photo

Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair

Walt Disney named Morgan Stanley veteran James Gorman as chair and said it would announce a replacement for CEO Bob Iger in early 2026.

The Nike Alphafly 3 running shoe is displayed during the launch REUTERS/Stephanie Lecocq//File Photo

Nike shares drop as investors fret over murky turnaround timeline

Nike shares fell about 8% in early trading on Wednesday after the sportswear giant withdrew its annual revenue target.

Nike CEO To Retire As Sportswear Company Sales Drop

Sports Brand Nike announced on Thursday, that CEO John Donahoe will retire after more than five years of being in charge of the company as the brand has struggled recently with sales and other competition.

NEW YORK, NEW YORK - AUGUST 14: Traders work on the floor of the New York Stock Exchange (NYSE) on August 14, 2024 in New York City. According to the Bureau of Labor Statistics’ latest CPI report, consumer prices rose 2.9% in July, slowing from June’s 3% annual gain. (Photo by Spencer Platt/Getty Images)

Wall Street: Dow Surges 500 Points And Tesla Stock Jumps Over 6%

The Dow jumped over 500 points and the Nasdaq increased 2% on Thursday as retail sales data indicated resilient consumer spending, somewhat calming fears of a possible recession.