News

American Eagle Outfitters (NYSE:AEO) announced a chief financial officer succession, appointing Ravi Thanawala as CFO. Long-serving CFO Mike Mathias will move into a strategic advisor role after 25 years with the company. Thanawala joins American Eagle Outfitters with prior senior finance roles at Papa John's, Nike, and Ann Inc. American Eagle Outfitters, known for its casual apparel and Aerie brand, is making this leadership change at a time when retailers are closely watching consumer...

7-Eleven has filed a trademark lawsuit against NIKE over the design of an upcoming Air Max 95 sneaker. The dispute centers on alleged use of 7-Eleven's branding elements in the shoe's color scheme and design. The case introduces legal risk around a product launch that targets collectors and sneaker-focused consumers. NIKE, traded as NYSE:NKE, is dealing with this legal challenge at a time when the stock has fallen 30.3% year to date and 40.7% over the past year, with the current share price...

Nike’s stock has lost over three-quarters of its value since notching a record high in late 2021. Nike’s brand has declined in consumers’ eyes, and competition has emerged from brands like On Holding and Deckers Outdoor’s Hoka sneakers. Meanwhile, Adidas stock is up 36% since a late March low, while Nike shares are down 20% in that same span.

Nike crushed Wall Street's expectations, but investors remain focused on a turnaround that is still far from complete.

Nike has spent the past year and a half trying to convince Wall Street that its turnaround is real. For a while, the story was working. Then, it reported fiscal Q4 results (ended in May). Now one of the banks that has stuck with Nike (NKE) the longest is recalibrating just how much patience that ...

Both iconic brands are trading near their respective 52-week lows, prompting some investors to wonder whether the recent weakness has created an attractive buying opportunity.

The company is running at two different speeds, and the larger, slower part of the business faces a consumer who is starting to pull back.

Nike Running is leading the Swoosh's turnaround.

NKE's better-than-expected Q4 results highlight early turnaround progress as North America and wholesale growth offset ongoing direct sales weakness.

On Fox networks, the average attention index for marketers is 121. World Cup brands are performing 21% higher than average, according to iSpot. This is determined by the percentage of viewers who complete watching the ad message.

Mike Mathias is handing over the finance reins, but will stay on to serve as an adviser to CEO Jay Schottenstein.

The key indexes had strong weekly gains, but AI stocks faltered amid Meta buzz. Tesla fell on a blowout deliveries report.

NKE trades near its 52-week low as Greater China weakness, margin pressure, soft digital demand and premium valuation cloud its recovery outlook.

Regional payouts vary as North America outperforms while Greater China remains a challenging market.

On CNBC’s Closing Bell Overtime the evening of June 30, 2026, a guest said the quiet part out loud about AI hardware: “the AI memory hardware food chain is still trading as if there’s no choice… there’s still reckonings to be had.” The bull case for the shovels in the AI gold rush rests on ... The ‘Michael Burry Bear Case’ for AI Chips Is Back, and This GPU Math Problem Won’t Go Away

The time-tested Dow has had companies added or removed 54 times since its inception in May 1896.

The Dow just closed out its best first half since 2021, up 8.7% year-to-date, yet Wednesday’s open felt like a nervous glance at the door. CNBC’s Dominic Chu kicked off July with mixed earnings, one big M&A shrug, and a jobs report that gave the bulls something to chew on. Chu flagged the labor data. ... The Dow Just Had Its Best First Half Since 2021, but This Jobs Number Is Flashing Yellow

It's already bouncing back.

American Eagle Outfitters (AEO) named Papa John's International (PZZA) Chief Financial Officer Ravi

Papa Johns’ finance chief steps down, Comcast's planned split brings its former CFO back as CEO and Greggs’ chief financial officer steps down after 28 years.

Wall Street backs Nike’s business recovery despite near-term challenges.

The footwear giant surprised investors with a 5% pop on Wednesday.

Nike stock is caught in a valuation tug-of-war, with a long 5 year share price decline pointing to heavy pessimism while the current intrinsic value estimate from a Discounted Cash Flow (DCF) view sits close to the market price and earnings based multiples lean more positive. Nike shares have fallen about 70.8% over the past 5 years, which shows how sharply sentiment has reset around the company. Management efforts to rebuild margins and cash flow through a turnaround in categories like...

For the past few years, Nike has struggled to figure out its business model. First, the retailer pulled away from some of its distribution partners to build more of its business around building a direct relationship with consumers. That model included building out its own fleet of stores and ...

Today, July 1, 2026, investors responded to stronger-than-expected earnings despite a cautious outlook from management.

Analysts could be pushing for a sale.

(Updates with market moves at the end of the day.) The Dow Jones Industrial Average snapped its r

Short-term challenges persist, complicating the company's comeback story.

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select S

NKE is riding strong international momentum, but a sustained North America recovery remains key to long-term earnings growth.