Walt Disney named Morgan Stanley veteran James Gorman as chair and said it would announce a replacement for CEO Bob Iger in early 2026.
Read More Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair
Tag: nike
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.
Read More Nike shares drop as investors fret over murky turnaround timeline
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.
Read More Nike CEO To Retire As Sportswear Company Sales Drop
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.
Read More Wall Street: Dow Surges 500 Points And Tesla Stock Jumps Over 6%
Wall St marches ahead as retail sales quell slowdown worries
Wall Street’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending.
Read More Wall St marches ahead as retail sales quell slowdown worries
Ex-DEI Manager At Facebook And Nike Sentenced For Multi-Million Dollar Fraud
A former Diversity, Equity, and Inclusion (DEI) manager at Facebook and Nike has been sentenced for wire fraud worth over $5 million.
Read More Ex-DEI Manager At Facebook And Nike Sentenced For Multi-Million Dollar Fraud