‘After I Criticized China and Nike, My Career Was Over’
Enes Kanter Freedom worked hard his whole life honing his basketball skills, achieved stardom in the NBA, only to have it all stripped away for his staunch defense of human rights. But the NBA didn’t exclude the 6’10” Swiss-born central figure of Turkish descent for condemning human rights violations in Turkey. The only time they […]
Jaylen Brown says Nike criticism cost him spot on USA Basketball roster
A few weeks before the Paris Olympics, the NBA men’s basketball team was shocked with the news that Kawhi Leonard would be stepping down from the sport in the offseason to focus on the Clippers. The team would lose one of its best defensive players and in need of a replacement, the team announced that […]
FACT CHECK: No, Harrison Butker Did Not Reject Nike Endorsement Offer
A post shared on Facebook claims Kansas City Chiefs kicker Harrison Butker rejected a Nike endorsement deal. Verdict: False There is no evidence for this claim. It originates from a satirical Facebook page. Fact Check: Nike is expected to have a drop in sales as shares dropped 20%, according to Reuters. Meanwhile, analysts predict that […]
Trump, Biden debate fallout, Nike crushed, Walgreens store closings
Barron’s Roundtable panelists discuss the market impact of the CNN presidential debate, the upcoming June jobs report, and the decline of green energy stocks. Investors continue to digest the Trump-Biden dispute as the future of the White House hangs in the balance. The stock market ended a mixed quarter, but big tech stocks continue to […]
Nike Shares Crash 19% As Customers Swoosh Away To Competitors
Nike shares plummeted on Friday after the company reported quarterly results that beat profit expectations but warned of weak sales amid weak consumer demand for the brand’s shoes in North America and China. Sales were down 2% year over year, with direct-to-consumer sales down 8%, and the company appears to be losing market share to […]
Nike plans affordable shoe line after shares fall following dismal sales prediction
Sportswear giant Nike said Friday it will start selling sneakers for under $100 after its shares plummeted following dismal sales forecasts. The company announced new plans to boost profits after telling analysts in its quarterly earnings report on Thursday that revenue will likely decline in fiscal 2025. The forecast of an unexpected mid-single-digit decline in […]
Supreme Court rejects Michael Avenatti appeal as Nike extortion conviction stands
The Supreme Court on Tuesday rejected Michael Avenatti’s appeal and upheld his conviction for trying to extort $25 million from Nike. “The petition for writ of certiorari is denied,” the Supreme Court’s order said, without providing any details other than that Justice Brett Kavanaugh did not participate in the deliberations or decision. Avenatti was the […]
Former diversity manager for Facebook and Nike gets five years in prison for stealing $5 million
A former diversity program manager at Nike and Facebook who stole more than $5 million from major corporations to support a lavish lifestyle has been sentenced to five years in prison. United States Attorney’s Office, Northern District of Georgia. Barbara Farlow Smiles, 38, organized false business meetings, invoices, Juneteenth celebrations and other events to line […]
Ex-diversity manager Facebook, Nike sentenced for stealing $5M
A former diversity program manager at Facebook and Nike who stole more than $5 million from the giant companies to fund a “luxury lifestyle” was sentenced Monday to five years in prison and ordered to repay the large sum. Barbara Farlow Smiles, 38, organized fake business meetings, invoices, Juneteenth celebrations and other events to line […]
Ex-DEI Manager At Facebook And Nike Sentenced For Multi-Million Dollar Fraud
A photo taken on May 14, 2012 in Paris shows an illustration made of figurines placed in front of Facebook’s homepage (Photo by Joël SAGET/AFP) (Photo credit goes to JOEL SAGET/AFP via Getty Images) OAN’s Avril Elfie1:19pm – Tuesday, May 14, 2024 A former diversity, equity and inclusion (DEI) manager for Facebook and Nike has […]