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☆ U.S. Soccer briefly scrubs emblem from Iran flag at World Cup
▼ + stars: | 2022-11-27 | by ( ) www.cnbc.com time to read: +5 min

The U.S. Soccer Federation briefly displayed Iran's national flag on social media without the emblem of the Islamic Republic, saying the move supported protesters in Iran ahead of the two nations' World Cup match Tuesday. The Twitter account of the U.S. men's team displayed a banner with the squad's matches in the group stage, with the Iranian flag only bearing its green, white and red colors. The USSF displayed the official Iranian flag in a graphic showing Group B standings on its website. As comments raged online, Iranian state television described the U.S. federation as "removing the symbol of Allah" from the Iranian flag. In the capital Tehran, anti-riot police — the same ones cracking down on protests — waved the Iranian flag after the Wales win, angering demonstrators.

CNN —Iran state media has called for the US to be kicked out of the 2022 World Cup after the United States Soccer Federation changed Iran’s flag on its social media platforms to show support for protesters in Iran. A now-deleted graphic of the Group B standings posted on Saturday displayed the Iranian flag only bearing its green, white and red colors. “We have the main flag on our website and other places.” The emblem is currently back on the flag on US Soccer’s social media channels. A US soccer federation screenshot displaying Iran's national flag on social media without the emblem of the Islamic Republic. “No matter how much I can respect what you did inside the pitch, those remarks about Iran Culture, Iran National Team and my Players are a disgrace to Football.

☆ U.S. Soccer briefly removed emblem from Iran flag to show support for protesters
▼ + stars: | 2022-11-27 | by ( Hritika Sharma | Steve Keating | ) www.reuters.com time to read: +3 min

AL RAYYAN, Qatar, Nov 27 (Reuters) - The United States Soccer Federation temporarily displayed Iran's national flag on social media without the emblem of the Islamic Republic as a show of solidarity with protesters in Iran ahead of the two teams' World Cup clash on Tuesday. The intent of the posts was to show "support for the women in Iran fighting for basic human rights", U.S. Soccer media officer Michael Kammarman told a news conference on Sunday. The banner on U.S. Soccer's Twitter page was also changed on Saturday to feature the flag without the emblem. Iran's players declined to sing the national anthem in their first game against England in an apparent show of solidarity with protesters. They sang quietly on Friday before their 2-0 win over Wales, where boos and jeers were heard from Iran supporters.

☆ Stocks making the biggest moves premarket: Best Buy, Dick's Sporting, Abercrombie & Fitch and others
▼ + stars: | 2022-11-22 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. Dick's Sporting Goods (DKS) – The sporting goods retailer reported better-than-expected third-quarter profit and revenue and an unexpected increase in comparable store sales. Dick's initially surged more than 7% in premarket trading before it dipped negative. Abercrombie & Fitch (ANF) – Abercrombie & Fitch soared 12.8% in premarket action after reporting an unexpected quarterly profit and beating Street revenue forecasts. Dell Technologies (DELL) – Dell fell 1.6% in premarket trading amid a weaker-than-expected current quarter revenue forecast.

☆ Stocks making the biggest moves midday: Abercrombie & Fitch, Disney, Best Buy, Zoom and more
▼ + stars: | 2022-11-22 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Abercrombie & Fitch – Shares of the retail stock jumped 19% after the apparel retailer beat Wall Street's revenue forecasts for the third quarter and posted unexpected quarterly profit. Deutsche Bank reiterated the stock as buy and said it doesn't see any meaningful changes coming to its direct-to-consumer strategy. Best Buy – Best Buy's stock surged 11% after the consumer electronics retailer beat Wall Street's estimates and maintained its outlook for the holiday period. Demand remains below its pandemic heights, but Best Buy indicated its faring well even as inflation weighs on consumers' pockets. The stock slipped even after the company beat top and bottom line estimates for its latest quarter and better-than-expected comparable store sales.

A look at the day ahead in European and global markets from Anshuman DagaMarkets have got all excited after last week's rip-roaring rally in global equities, a big tumble in U.S. Treasury yields and a bruising sell-off in the mighty dollar. But don't pop the champagne just yet. While U.S. consumer prices rose less than expected in October, pushing the annual increase below 8% for the first time in eight months, Waller said the markets shouldn't get carried away over just one "data point." This week, U.S. retail sales will dominate the data calendar, while markets will also pay attention to euro zone flash Q3 GDP estimates. In the crypto world, after Friday's shocking collapse of cryptocurrency exchange FTX, Bahamas authorities said they were scrutinising the demise of the exchange, co-founded by 30-year-old Sam Bankman-Fried.

☆ Morning Bid: Don't get carried away
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

☆ South African pay TV group Multichoice posts loss in first half
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

JOHANNESBURG, Nov 10 (Reuters) - South African pay TV company Multichoice Group (MCGJ.J) said on Thursday it made a loss in the first half due to an upfront investment in services and offerings it made before the soccer World Cup that starts later in November. The company has exclusive rights to broadcast the sporting extravaganza in Africa. For the half year ended Sept. 30, its headline loss per share, the main measure of earnings in South Africa, was at 58 South African cents, down from 356 cents posted in the same period of last year. Reporting by Promit Mukherjee; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Adidas to Sell Shoes Based on Yeezy Designs Following Break With Kanye West
▼ + stars: | 2022-11-09 | by ( Nick Kostov | Joshua Kirby | ) www.wsj.com time to read: 1 min

Adidas AG said it would start selling shoes based on Yeezy designs in a bid to rebound after scrapping the lucrative partnership with musician and designer Kanye West that had spawned one of the company’s most successful product lines. Finance chief Harm Ohlmeyer said the sporting-goods giant was the sole owner of all rights to existing products, except from the Yeezy name, and that the company intended to make use of those rights as early as the end of next year.

☆ Adidas scoops up CEO who turned around rival Puma
▼ + stars: | 2022-11-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN Business —Adidas has appointed the head of Puma to succeed outgoing CEO Kasper Rorsted, betting on his ability to replicate its crosstown rival’s comeback. Norwegian Bjørn Gulden, 57, will become CEO of Adidas (ADDDF) on January 1, 2023, the German sportswear brand said in a statement on Tuesday. “As CEO of Puma, he re-invigorated the brand and led the company to record results,” Rabe added. Gulden takes over amid a deepening slump in Adidas’ home market of Germany and as inflation begins to weigh heavily on consumer spending globally. Chief financial officer Harm Ohlmeyer will lead Adidas until Gulden takes over.

☆ Puma CEO Bjorn Gulden in talks to succeed Kasper Rorsted as chief of Adidas
▼ + stars: | 2022-11-04 | by ( Jack Stebbins | ) www.cnbc.com time to read: +1 min

Adidas announced Friday that it is in talks with Bjorn Gulden, the departing CEO of Puma , to succeed Kasper Rorsted as its chief executive. Adidas confirmed the talks with Gulden as a potential successor, but declined to comment beyond that release. Puma declined to comment. The company terminated its partnership with Ye's Yeezy brand after a series of antisemitic remarks from the rapper. They became rivals and broke off after World War II to start Adidas and Puma, respectively.

CNN —Red Bull driver Max Verstappen finished in first place at the Mexican Grand Prix to claim his record-setting 14th win of the season on Sunday. Earlier in October, Verstappen claimed his second career world championship at the Japanese Grand Prix, and last week he won the US Grand Prix in Austin, Texas, which saw him share the record for number of season race wins. Red Bull pitted their drivers first, opting for medium tires while Hamilton fitted hard tires so that he would not have to pit again. RBR were found to have breached the cost cap by £432,652 ($501,409). That comes in from now, it has a direct effect on next year’s car and it will be in place for a 12-month period.”Two races remain on the F1 calendar for Verstappen to add to his record tally with the Brazilian Grand Prix scheduled on November 13 and the Abu Dhabi Grand Prix on November 20.

☆ Adidas plans to end Kanye West partnership over 'offensive behaviour' - Bloomberg News
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - German sporting goods maker Adidas AG (ADSGn.DE) plans to end its partnership with American rapper Kanye West, following a rash of offensive behaviour from the performer and designer, Bloomberg News said on Tuesday, citing people familiar with the matter. Adidas may announce the move as early as Tuesday, the report added, saying the rapper, who now goes by the name Ye, has made controversial statements, including anti-Semitic social media posts, in recent weeks. Adidas on Oct. 6 said it was reviewing its business partnership with the rapper and fashion designer. West which has been partnering with Adidas since 2013 had been publicly critical of Adidas and its CEO, adding that the sporting goods maker were copying his ideas, CNBC had earlier reported. Ye recently has agreed to buy Parler, the social media platform popular among U.S. conservatives.

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, Tesla, Microsoft, Rivian & more
▼ + stars: | 2022-10-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Piper Sandler initiates Deckers as overweight Piper said it's bullish on the company's Hoka shoe brand. Bernstein reiterates Tesla as underperform Bernstein said it's concerned about China competition for Tesla. Mizuho reiterates Rivian as buy Mizuho said Rivian is best positioned with China concerns and potential EV slowdowns globally. Morgan Stanley reiterates Tesla as overweight Morgan Stanley lowered its price target on Tesla to $330 per share from $350 and said it's changing estimates to account for "unexpected headwinds." JPMorgan reiterates Apple as outperform JPMorgan said it has "resilient expectations" heading into Apple earnings later this week.

☆ Buy this resilient sports retailer with strong Nike ties, Bank of America says in upgrade
▼ + stars: | 2022-10-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Hibbett 's strong relationship with Nike should help boost share gains for the sporting goods company going forward, Bank of America said. Among his reasons for liking the stock, Perry drew attention to the company's relationship with Nike and the availability of highly sought-after products like the Air Force 1 shoes. "We believe HIBB's relationship with Nike is very strong as HIBB provides access to underserved geographies and customers that are complementary to Nike's direct-to-consumer (DTC) business (esp. "Importantly, we do not believe HIBB is losing access to Nike product, and do not expect its Nike penetration to decline meaningfully." "We did not see evidence of elevated in-store promotional activity, as we believe HIBB is clearing excess inventory on-line Shares of Hibbett are down 21% this year.

☆ Adidas ends Kanye West partnership over antisemitism, hate speech
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +3 min

"Adidas does not tolerate antisemitism and any other sort of hate speech," the German company said. Register now for FREE unlimited access to Reuters.com RegisterA lawyer representing Kanye West did not respond to a request for comment. Adidas put the partnership under review earlier in October "after repeated efforts to privately resolve the situation." Ye has courted controversy in recent months by publicly ending major corporate tie-ups and due to outbursts on social media against other celebrities. His Twitter and Instagram accounts were restricted, with the social media platforms removing some of his online posts that users condemned as antisemitic.

☆ Stocks making the biggest moves midday: Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more
▼ + stars: | 2022-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Xerox — Shares plunged 15% after the seller of print and digital document products and services reported disappointing earnings and cut its full-year revenue guidance. Brown & Brown — Shares of the insurance company dropped 11% after Brown & Brown missed earnings expectations. Brown & Brown posted earnings of 50 cents per share on revenue of $927.6 million. PulteGroup — The home construction company jumped 5.9% despite disappointing earnings expectations. General Motors — Shares of General Motors rose 3.6% after the automaker handily beat third-quarter earnings expectations.

☆ Netball Australia: Gina Rinehart pulls sponsorship in dispute over father's racist comments
▼ + stars: | 2022-10-23 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +11 min

Brisbane, Australia CNN —When Australia’s richest woman Gina Rinehart threw a financial lifeline to Netball Australia, she triggered a debate about sponsorships and the role of social and political issues in the sporting sphere. Donnell Wallam of the Firebirds is a rising star in Australian netball. On Monday, Kathryn Harby-Williams, CEO of the Australian Netball Players’ Association told the Australian Broadcasting Corporation that Wallam had asked for an exemption not to wear the logo and was refused. Netball Australia CEO Kelly Ryan told Nine News the loss of Hancock sponsorship was “disappointing” but a “strong balance” needs to be struck between social issues and funding. “When done well, sport sponsorship is brand transforming for both the sport and sponsor.”

☆ Telsey downgrades Under Armour, says it will continue to struggle with excess inventory
▼ + stars: | 2022-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Under Armour will continue to struggle with excess inventory, according to Telsey Advisory Group. Analyst Cristina Fernández downgraded shares of Under Armour to market perform from outperform, pointing to warnings in recent weeks from competitors adidas and Nike on high inventory. Shares of Under Armour are down nearly 63% this year, while peers Nike and Adidas have fallen roughly 48% and 63%, respectively. The new target implies roughly 21% upside from where shares closed Thursday, at $6.62. Shares of Under Armour fell 2% in the premarket Friday.

☆ Here are Friday's biggest analyst calls: Apple, Netflix, Bank of America, Amazon, AT&T, Snap & more
▼ + stars: | 2022-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Telsey downgrades Under Armour to market perform from outperform Telsey said it's concerned about too much inventory weighing on the stock. Bank of America downgrades Snap to neutral from buy Bank of America downgraded the stock after its "mixed" earnings report. " JPMorgan reiterates Apple as overweight JPMorgan said investors are too focused on iPhone growth heading into Apple earnings next week. Raymond James downgrades KB Home, Toll Brothers and PulteGroup to market perform from strong buy and D.R. Horton to outperform from strong buy and Lennar to market perform from outperform Raymond James downgraded several homebuilders due to rising mortgage rates.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Amazon, Dick's, Sunrun, Nike & more
▼ + stars: | 2022-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Amazon as a top pick Morgan Stanley said shipping and fulfillment remain "key profit drivers" heading into the e-commerce giant's earnings next week. Headwinds from the interest rate spike on financing costs and valuation are tough to ignore despite strong demand growth from IRA and rising utility rates. UBS reiterates McDonald's as buy UBS said the fast food chain is "defensive." UBS reiterates Nike as buy UBS said its recent survey checks give the firm "increased" conviction in the stock. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said Tesla's earnings report on Wednesday was strong but that the outlook for 2023 is still "at risk."

☆ INEOS chief Ratcliffe contacted Glazers but told Man United not for sale
▼ + stars: | 2022-10-11 | by ( Peter Hall | ) www.reuters.com time to read: +2 min

MANCHESTER, England, Oct 11 (Reuters) - British billionaire Jim Ratcliffe said he had contacted Manchester United owners the Glazer family about buying the English Premier League club, but was told they were not for sale. Register now for FREE unlimited access to Reuters.com Register"Manchester United is owned by the Glazer family, whom I have met," Ratcliffe told an event hosted by the Financial Times on Tuesday. "If it had have been for sale in the summer, yes, we would have probably had a go following on from the Chelsea thing, but we can't sit around hoping that one day Manchester United will become available." Purchasing another Premier League team is not out of the question. "We have an exciting sporting franchise (Nice in France's Ligue 1), but the one thing we don't have is a Premier (League) team," Ratcliffe added.

☆ Federer admits to last night nerves after emotional farewell
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +3 min

I (wanted) to be able to have an evening where I do not have to take the mic," he told reporters. Register now for FREE unlimited access to Reuters.com Register"Maybe you think it's logical that I have to take the mic. In my mind I didn't because I know how impossible I am on the mic when I am emotional. "Weeks ago, for a fact, I was so scared of this moment that it really worried me." "The hard part about the Laver Cup was that tickets were already sold out.

☆ Hoffenheim website will not cover World Cup over human rights issues
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

Workers are seen inside the Lusail stadium which is under construction for the upcoming 2022 Fifa soccer World Cup during a stadium tour in Doha, Qatar, December 20, 2019. REUTERS/Kai PfaffenbachBERLIN, Sept 22 (Reuters) - Bundesliga club Hoffenheim's media department will not run any stories on the World Cup in Qatar due to the country's record on human rights violations, it said on Thursday. Qatar, which will host the World Cup from Nov. 20-Dec. 18, has faced intense criticism from human rights groups for years, especially over its treatment of migrant workers, who along with other foreigners comprise the bulk of the country's population. Homosexuality is illegal in the Gulf state while Human Rights Watch says Qatari laws discriminate against women and LGBT individuals. It said providing the coverage could not come without discussing the major non-sporting issues such as human rights.

☆ Elina Svitolina: Ukrainian tennis player on a 'mission' to help war-torn country
▼ + stars: | 2022-06-27 | by ( Ben Church Cnn Video Amy Li | Ben Church | ) edition.cnn.com time to read: +5 min

CNN —Ukrainian tennis player Elina Svitolina says she has a “mission” to help her country and wants to use her platform to provide hope to the war-torn nation. “One of the most important things as well is to keep their spirits up.”Elina Svitolina wants to use her platform to help Ukraine. Aged 16, Svitolina left Ukraine to pursue her sporting ambitions but always had her country in her heart. “He just explained what Ukraine really needs these days and how he sees the situation in Ukraine right now. “Of course, I’m still very, very sad about the situation that is happening right now and knowing how many people have lost their lives because of the invasion.

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