Dow Jones: Nike Earnings Beat Fails to Impress, Stock Slides in After-Hours

How serious was the effect of turnaround on Nike’s financial? Nike officials confirmed that this quarter represented the peak of financial pressure from its multi-step turnaround plan. The CFO Matt Mitra labeled it the “biggest financial impact” period and said that the worst appears behind them. However, recent quarters have shown a deteriorating atmosphere, and…

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Beijing Ramps Up Stimulus as US-China Trade Tensions Threaten Recovery

Employment and consumer spirit important to promote consumption Policy measures to reduce social funding costs usually promote domestic income and expenses. However, China’s real estate market, labor market status and US-China trade war have affected uncertainties, affecting consumer demand. China’s unemployment rate fell from 5.1% in April to 5% in May. However, young unemployment (except…

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US-China Trade: Rare Earth Approvals Stall and Tariff Woes Mount

FX Empire – China Producer PricesHowever, cost savings cannot translate in an increase in domestic consumption. Retail sales increased in May, 6.4% yoy, but weak consumer Bhavna continued to challenge Beijing’s push for strong domestic demand compared to 5.1% in April. Weak spirit highlights China’s economy to American tariffs and weak foreign demand, pressurizing Beijing…

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Housing Starts Plunge as Layoffs Rise—Is the U.S. Economy Losing Its Momentum?

The single-family rises slightly above 924,000-0.4% above April-for minimal relief. The building permit, a forward -looking indicator, also declined from 2% to 1.393 million, suggesting that the recession may remain in summer. The single-family permit fell 2.7%, while the multi-family authority fell to 444,000 units. Perfection increases, but can builders maintain speed? Housing perfection offered…

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US-China Trade Deal: Beijing, Washington Signal Trade Harmony, Yet Uncertainty Persists

Beijing resonated Washington’s call to maintain the agreement. Vice premiere that lefeng Allegedly said Both countries should respect business commitments and maintain dialogue to ensure progress towards long -term stability. Economists question the reliability of the deal The global markets initially welcomed the diplomatic tone and the possibility of constant discussion between the two leaders….

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U.S. Jobless Claims Hit 247K; Rising Averages Signal Labor Market Softening

Uncontrolled claims signal seasonal indication Inadvertently, early claims have declined by 1.5%, but the decline was less than 5%, which was weak-to-normal seasonal recruitment activity. Compared to this week in 2024, inadvertently the initial claims are more than 12,000. The insured unemployment on an inappropriate basis also fell from 18,524 to 1.757 million, slightly higher…

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