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☆ Nike is shuffling executives and searching for its next 'breakthrough innovation' as unwanted Air Maxes and Air Jordans pile up
▼ + stars: | 2023-05-26 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +5 min

Once-coveted Air Jordans and Air Maxes are now sitting on shelves, with some retro Jordans selling below retail on the secondary market. "Air Max is Becoming Air Min," reads the headline of a report this week from Williams Trading analyst Sam Poser, who downgraded Nike's stock to sell. While numerous analysts remain bullish on Nike, Poser is among those who say Nike needs to ramp up innovation. At its 2017 investor day, Nike announced the Air Max 270. "Nike has lost many senior people throughout the entire company with, now necessary, historical institutional knowledge of Nike," Poser wrote.

☆ Nike CEO praises Disney's Bob Iger, saying he's 'doing a great job' in his feud with Florida's Ron DeSantis
▼ + stars: | 2023-05-23 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Nike CEO John Donahoe said Tuesday that Disney CEO Bob Iger is "doing a great job." "I think Bob's doing a great job at this," Donahoe said of Iger. Donahoe's remarks are the latest chapter in a yearlong feud that started in early 2022 when then-Disney CEO Bob Chapek objected to the DeSantis administration's "Don't Say Gay" bill. Iger, who returned as Disney CEO in November, has continued to battle with DeSantis. Disney and Nike have long supported each other and shared connective tissue.

Ron DeSantis and Disney , Nike CEO John Donahoe said it's important for corporations to choose their battles, but fight for the values integral to their brands. In response, Donahoe said companies don't need to weigh in on every political kerfuffle but should be a loud voice when their brand's values are under attack. "I think Bob's doing a great job at this," Donahoe said of Disney CEO Bob Iger. "If it's core to who you are and your values, then no, you stand up for your values," he said. "In addition, our core consumer for the Nike brand, the Jordan Brand, the converse brand, are urban Black and brown communities — that's where sneaker culture started," Donahoe explained.

☆ Nike's typical shopper is a white, GenX male making over $80,000 and dropping about $90 per shopping trip
▼ + stars: | 2023-05-04 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Nike is the largest sportswear company in the world, and currently employs over 79,000 people. Analytics firm Numerator found that the typical Nike customer is a Gen X Caucasian person earning over $80,000 annually. Footwear sales made up $29.1 billion, or more than half, of the company's total revenue last year. Nike finished its fiscal 2022 year with 344 company stores, including 209 factory stores and 87 Converse stores. In its latest annual report, Nike said footwear revenues grew 9%, driven by both Jordan Brand and men's sales last year.

☆ New York appeals court halts first subpoena in House Judiciary Committee's Trump prosecution inquiry
▼ + stars: | 2023-04-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +2 min

A NY court has blocked the first subpoena issued by a House GOP inquiry into Trump's hush-money prosecution. Ex-Manhattan prosecutor Mark Pomerantz had been ordered to submit to Judiciary Committee questioning Thursday. That's now on hold while committee chair Jim Jordan and DA Alvin Bragg continue fighting over the inquiry. Bragg's office must file court papers by Friday explaining why Pomerantz should not testify, and why Wednesday's decision should be overturned. Bragg has sued to fight the committee's inquiry into the hush-money prosecution, under which Trump is facing 34 felony counts of falsifying business records.

☆ Approval to build Japan's first casino is a 'major milestone' for MGM, analyst says
▼ + stars: | 2023-04-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApproval to build Japan's first casino is a 'major milestone' for MGM, analyst saysJordan Bender of JMP Securities discusses the Japanese government's approval of a plan to build a $8.1 billion Osaka resort, which would be the country's first casino.

☆ Nike will restock its wildly popular Jordan 1 'Chicago' after the original was featured in 'Air.' The SNKRS app and fans' patience may be tested.
▼ + stars: | 2023-04-12 | by ( Danni Santana | ) www.businessinsider.com time to read: +5 min

Nike looks set to re-release the Air Jordan 1 "Lost & Found," next week, according to Complex. But many sneakerheads could not enter a draw for the wider release on the SNKRS app because of app crashes or frozen screens. Most sizes of the original release still go for at least double the $180 retail price on StockX. In the movie, Nike executives present Jordan with his first basketball shoe, the Air Jordan 1 "Chicago," the same colorway as the recent "Lost and Found" release. Nike will undoubtedly hope that the conversation surrounding the "Lost & Found" restock is focused on the sneakers and not any hiccups associated with its SNKRS app.

☆ A pair of sneakers worn by Michael Jordan just sold for $2.2 million, setting a new world record for the most expensive shoes ever purchased
▼ + stars: | 2023-04-11 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

Sneakers worn by Jordan in the 1998 NBA Finals just sold for $2.2 million. The sale set a new world record, topping the $1.8 million paid for a pair of Kanye West's sneakers. On Tuesday, Sotheby's announced the $2.2 million sale of Air Jordan 13 sneakers worn by Jordan during the 1998 NBA Finals. "That sneaker set the market for the sneaker industry. Rares CEO Sapp, who also played in the NFL, added Jordan sneakers tap into a bigger story that continues to resonate across playgrounds and pick-up basketball courts.

☆ NHL roundup: Connor McDavid hits 150 points in Oilers' win
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +12 min

Tomas Hertl scored, and James Reimer made 29 saves for the Sharks, who have lost seven straight against the Oilers. McDavid notched his 150th point when he scored with 1:44 left in the opening period for a 2-1 lead. Jesper Bratt scored the lone goal and MacKenzie Blackwood made 38 stops for the Devils, who had won back-to-back games. Avalanche 4, Kings 3Denis Malgin scored two goals for visiting Colorado in a win against Los Angeles. Alex Nylander, Danton Heinen and Evgeni Malkin each scored a goal and Tristan Jarry made 19 saves for the Penguins.

☆ Meet Sonny Vaccaro, the executive credited with signing Michael Jordan in Ben Affleck's new movie 'Air' and the self-proclaimed 'savior of Nike'
▼ + stars: | 2023-04-07 | by ( Matthew Kish | ) www.businessinsider.com time to read: +6 min

Vaccaro, 83, was a key figure in Nike's push to sign Michael Jordan in 1984. No one in his family went to college, Vaccaro said in an interview over a pancake breakfast in 2021. Matt Damon plays Sonny Vaccaro in the new "Air" movie about how Nike signed Michael Jordan. "The signing of Michael Jordan, yeah, success has a thousand fathers, and failure is an orphan," Knight told USA Today in 2015. "A lot of people want to take credit for signing Michael Jordan, most obviously Sonny Vaccaro."

☆ Southwest Airlines’ CEO got 75% pay hike ahead of service meltdown
▼ + stars: | 2023-04-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Bob Jordan, who took over as CEO of Southwest Airlines in February 2022, just 10 months before the airline’s epic holiday travel service meltdown, got a 75% pay hike last year. When he took over as CEO, Jordan was moving up from an executive vice president position, and the pay hike was part of his promotion. His predecessor as CEO, Gary Kelly, received $5.1 million in 2022, serving as CEO in January and executive chairman the rest of the year. That’s down from the $5.8 million Kelly received in 2021 and $9.8 million he received in 2020. Jordan is not the only new CEO getting a big raise with his promotion ahead of a costly problem for their company.

REUTERS/Lauren JusticeLOS ANGELES, April 3 (Reuters) - Actor Ben Affleck is hopeful for basketball legend Michael Jordan’s seal of approval after directing the biographical sports film, "Air," which is based on Jordan’s historic deal with the Nike (NKE.N) shoe brand. Affleck plays Nike co-founder Phil Knight and “The Woman King” actor Viola Davis portrays Jordan’s mother, Deloris Jordan. There was one key role that Affleck and Damon decided not to fill, and it was Michael Jordan’s. “The second you put the camera on an actor and say ‘Hey, it’s Michael Jordan’ and it’s not Michael Jordan, you’re going to lose the audience, so we knew. Michael’s just too famous and means too much to people to try to have someone else play him in a movie,” Damon said.

☆ NHL roundup: Bruins clinch league's best record
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +7 min

Pastrnak took Hampus Lindholm's feed into the offensive zone and finished with the backhand for his 53rd goal of the season. Tyler Bertuzzi scored the lone Bruins goal of regulation, tying the game in the second period. Mario Ferraro had a goal and an assist and Oskar Lindblom and Tomas Hertl also scored for San Jose. Defenseman Henry Thrun, making his NHL debut after starring at Harvard, added two assists, and James Reimer finished with 23 saves. Blues 5, Blackhawks 3Brandon Saad scored one goal and set up another as St. Louis handed host Chicago its seventh straight loss.

☆ NHL roundup: Bruins lock down Atlantic Division title
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +11 min

Hathaway has scored three goals since joining the Bruins in late February, two of which have been go-ahead tallies. Linus Ullmark made 11 of his 26 saves in the third period, improving to 11-1-0 in his last 12 starts. For the Lightning, Victor Hedman scored the lone goal and Andrei Vasilevskiy was credited with 32 saves. Leon Draisaitl had a goal and an assist, and Zach Hyman and Warren Foegele also scored for Edmonton. Ottawa captain Brady Tkachuk scored his seventh goal in seven games and Mark Kastelic and defenseman Thomas Chabot also tallied.

☆ NHL roundup: Streaking Rangers blow by Predators
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +6 min

They have scored 15 unanswered goals in their last three games, the longest streak in the NHL this season. Goalie Jaroslav Halak stopped all 22 shots he faced one night after Igor Shesterkin recorded the shutout with 33 saves. Kirill Marchenko and Liam Foudy scored goals and Patrik Laine had two assists for Columbus, which suffered its seventh loss in eight games. Daniil Tarasov made 24 saves on 29 shots before being pulled with 3:03 left in the second period. Hofer made 33 saves in his second game filling in for Jordan Binnington, who completed his two-game NHL suspension Sunday.

☆ NHL roundup: Owen Tippett's hat trick lifts Flyers over Sabres
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Nick Turchiaro-USA TODAY SportsMarch 18 - Owen Tippett scored three goals to lift the host Philadelphia Flyers to a dominant 5-2 victory over the Buffalo Sabres on Friday. Joel Farabee and James van Riemsdyk each added one goal for the Flyers, who snapped a four-game losing streak. Victor Olofsson scored two goals for the Sabres, who lost their second straight. Maple Leafs 5, Hurricanes 2Zach Aston-Reese scored two goals as Toronto defeated visiting Carolina. Ryan Strome and Troy Terry each logged a goal and an assist, and Max Comtois and Trevor Zegras added a goal apiece.

☆ Macron enrages France by forcing through pension bill with no vote. But few think he'll be forced out
▼ + stars: | 2023-03-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Protesters participate in a demonstration against French government's plan to raise the legal retirement age in Paris, on March 16, 2023. A coalition of French lawmakers on Friday filed a no confidence motion against President Emmanuel Macron following chaotic scenes in the country's lower house of parliament the day before. Despite frantic last-minute negotiations and number-crunching, Macron calculated he did not have enough votes in the National Assembly to pass his controversial and long-standing plan to raise the retirement age. A coalition of left-wing lawmakers filed the motion, which is being backed by leftist leader Jean-Luc Mélenchon. Far-right figure Marine Le Pen has said her party, now led by Jordan Bardella, would vote for any no-confidence motion and is expected to file its own.

If the market gyrations and Silicon Valley Bank's failure are rattling your faith in stocks, there are places to look for safety. But for cash and bond allocations, T-bills – U.S. Treasurys with maturity of one year or less – might be the ticket. The rates will adjust and correct [at some point], and these short-term rates will go back to normal," he said. When buying bank CDs, investors should be mindful of the Federal Deposit Insurance Corp.'s coverage, he said. Hans Olsen, chief investment officer of Fiduciary Trust Company, highlighted short-duration, high-quality bonds are where it's at for safety.

☆ Adidas, burnt by Kanye West split, seeks a new focus
▼ + stars: | 2023-03-08 | by ( Helen Reid | ) www.reuters.com time to read: +4 min

[1/2] Adidas Yeezy shoes are seen in a store on the day Adidas terminated its partnership with the American rapper and designer Kanye West, now known as Ye, in Garden City, New York, U.S., October 25, 2022. Speaking to reporters on Wednesday, Gulden said Adidas would keep partnering not just with athletes but celebrities and artists. "You build credibility as a performance brand by being with athletes, but there's very few athletes that you can do lifestyle with." Gulden did, however, hint at a change of emphasis at Adidas, saying the company needs to refocus on its core. The Jordan brand brought in $5.1 billion of sales in Nike's 2022 fiscal year, up 7% from 2021, according to the company's 2022 annual report.

☆ NHL roundup: Bruins bounce Rangers for 10th straight win
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +9 min

At the end of a board battle behind Elliott in the second period, Hinostroza one-timed his second goal off a pass from Casey Mittelstadt at 5:35 for Buffalo's first lead. Captain Dylan Larkin scored in the second period and Magnus Hellberg made 32 saves for the Red Wings, who have lost five straight games (0-4-1). Bennett, who had missed six straight games, scored one goal. Capitals 8, Sharks 3Craig Smith scored twice in Washington's four-goal second period and the visitors rallied for a win against San Jose. Predators 3, Blackhawks 1Philip Tomasino, Tyson Barrie and Colton Sissons scored for visiting Nashville in a win against Chicago.

☆ A real estate investor who owns over 1,000 units shares the 21 investing, personal development, and leadership books that helped him find financial freedom at age 36
▼ + stars: | 2023-03-03 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +14 min

Today, real estate investor Dave Allred has ownership in over 1,250 units across the country. He shared the 21 books that helped him achieve financial freedom at age 36. These books cover real estate and investing, personal development, business, and leadership. In a recent interview, Allred shared with Insider the 21 books — spanning areas such as real estate, investing, personal development, business, and leadership — that helped him find success. This principle is especially close to Allred's heart, since reverse engineering his financial freedom took a meticulous goal-setting process.

☆ NHL roundup: Linus Ullmark's record night lifts Bruins
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +7 min

Dmitry Orlov scored twice in a three-point game while Pavel Zacha also scored for the Bruins. Panthers 4, Lightning 1Eric Staal, Anton Lundell and Eetu Luostarinen scored first-period goals as Florida broke Tampa Bay's club-record 16-game home point streak. Sergei Bobrovsky's 29 saves helped him set a record for most NHL wins by a Russian goaltender (354). Jesse Ylonen, Kaiden Guhle and Christian Dvorak scored third-period goals for the Canadiens, who have won three of four. Travis Boyd, Barrett Hayton and Jack McBain also scored goals and Clayton Keller added a pair of assists for Arizona, which snapped a two-game losing streak.

☆ Spring training roundup: Pirates, O’s play unneeded bottom of 9th
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +5 min

Orioles catcher Maverick Handley called balls and strikes thrown by teammate right-hander Ofreidy Gomez during the half inning. The Pirates opened a 5-0 lead before the Orioles put up four runs across the fifth and sixth innings, thanks in part to Franchy Cordero's two-run home run. Kevin Pillar had a two-run homer and an RBI single to power the Braves' offense. Phillies 7, Blue Jays 2Trea Turner hit a two-run single and finished 2-for-3 with a run as host Philadelphia took care of Toronto in Clearwater, Fla. Jace Peterson cracked a three-run homer for the Athletics.

☆ NHL roundup: Bruins edge Kraken on Jake DeBrusk's late tip-in
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +7 min

Brandon Carlo scored the first of the Bruins' two third-period goals, while McAvoy and Hampus Lindholm had two assists apiece. The winning goal was DeBrusk's third goal in three games since returning from injuries. Minnesota killed off its 22nd straight penalty in the win and has not given up a power-play goal in nine straight games. Oilers 7, Penguins 2Connor McDavid had two goals and two assists as Edmonton scored seven straight goals to defeat host Pittsburgh. Vincent Trocheck scored the only goal for the Rangers, who have lost three straight following a seven-game winning streak.

☆ Six-month Treasury yield tops 5%. Here’s how you can put your idle cash to work
▼ + stars: | 2023-02-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Rates on U.S. Treasurys have spurted even higher, and that means you don't have to look too far to safely grab some yield for your cash holdings. The yield on six-month Treasurys have surpassed 5%, and even 1-month bills tout rates of 4.5%. Further, you can put the same concept to work with short-dated Treasurys to get a little more yield on your cash and do so safely. Risk management and ladders When interest rates are rising, you can reinvest the proceeds of the maturing bonds in your ladder into a longer-dated issue. In a falling rate environment, you can count on the bonds that have already locked in the higher yields.

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