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Nike sales slump 10%, shares plunge as new CEO faces massive challenge

Nike withdrew its full-year sales forecast on Tuesday and also missed quarterly revenue expectations, sending its stock price down by the hour as the sportswear giant struggles with weak footwear demand amid stiff competition from emerging brands around the world. It fell 6% outside. The company previously expected annual sales to decline by a mid-single-digit […]

Biden admin’s FEMA ‘equity’ plan faces backlash amid historic hurricane damage: ‘What an embarrassment’

The Biden-Harris administration's disaster relief agency is facing backlash after an emergency management blueprint unearthed during the recent devastating hurricanes that hit the southern United States went viral. Federal Emergency Management Agency (FEMA) website List three sets of goals As part of a strategic plan to “address key challenges” in emergency management. The first goal […]

Vance faces biggest moment of political career with debate

Ohio Sen. J.D. Vance (R) faces the biggest test of his political career to date in next week's vice presidential debate with Minnesota Gov. Tim Walz (D). The first-term senator, seen as a future standard-bearer for the MAGA movement, heads to the debate stage amid low popularity ratings and intense scrutiny for his controversial statements […]

Musk faces $1.9 million fine to end X ban in Brazil

Brazil's Supreme Court has ruled that Elon Musk-owned social platform It added another $3.3 million fine. Reuters reported on friday. X has been banned in Brazil since late August after a judge ruled that the social platform had failed to comply with orders related to restricting hate speech and appointing local legal representatives. According to […]

Kamala Harris Faces Corporate Media Backlash for Avoiding Her Record

Corporate media expressed concern about Vice President Kamala Harris' repeated attempts to circumvent her record during Wednesday's economic speech and MSNBC interview. What Harris has tried to avoid suggests her record is a political liability. President Joe Biden said Wednesday that he has delegated “everything” to Harris as commander in chief, including foreign and domestic […]

Coke Faces Boycott over Not Allowing ‘Trump 2024’ or ‘Jesus’ on Cans

Coca-Cola is facing calls for a boycott after it was revealed on social media that the company does not allow the words “Trump 2024” or “Yes” to appear on its cans. People who tried to write messages like “Trump 2024” or “Jesus loves you” on the cans received a message saying their names were “not […]

Former FTX executive, Sam Bankman-Fried’s ex-girlfriend Caroline Ellison faces sentencing

Caroline Ellison, a former top executive at Sam Bankman Freed's fallen cryptocurrency empire FTX, was convicted of fraud on Tuesday and could face several years in prison, but prosecutors said she should receive leniency because of her “exceptional cooperation” in investigating the company. Ellison, 29, pleaded guilty nearly two years ago and testified against Bankman-Freed […]