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Nike was once China’s sneaker king. Here’s why its sales have fallen 30%
China was once Nike’s fastest-growing region but the company has lost relevance among young consumers and ceded market share to smaller, domestic brands.
Inside the financial network managing Trump’s $858 million investment portfolio
JPMorgan, Schwab, UBS and Stephens Inc. are among the firms that have managed Trump’s fortune in accounts worth at least $858 million, a CNBC analysis found.
Warren probes Pentagon program to hire highly paid private sector workers
Sen. Elizabeth Warren, D-Mass., said she is concerned about a Pentagon program to pay high salaries to Wall Street recruits.
Ukraine has found a new pressure point in Russia’s wartime economy
Ukraine’s drone attacks on Russia’s biggest online retailer Wildberries have ratcheted up the pressure on Moscow’s wartime economy.
Audi continues U.S. product push with three-row Q9 SUV
Audi sales have struggled in the U.S. over the last several quarters. The brand has been hit by tariffs and a market shift away from EVs. New product may help.
Iran launches surprise ballistic missile attack on U.S. forces in the Middle East
Centcom in a post on X said that the attack originated from Iran, but all missiles were intercepted.
Trump asks Supreme Court to toss $83.3M defamation award to E. Jean Carroll
President Donald Trump on Tuesday asked the Supreme Court to overturn a civil court verdict that ordered him to pay the writer E. Jean Carroll $83.3 million for defaming her while denying her claim that he sexually assaulted her in a New York department store dressing room in the mid-1990s. Read more Visa is cutting […]
Senate set to vote on Trump’s pick for spy chief, ending Bill Pulte’s brief tenure
The Senate on Tuesday is expected to vote on Jay Clayton, President Donald Trump’s nominee to become the director of national intelligence.
Visa is cutting 7% of employees in efficiency push as AI reshapes work
Visa plans to cut about 7% of its workforce, or roughly 2,600 employees, as CEO Ryan McInerney seeks to streamline the payments giant.
SpaceX, Blue Origin could get quicker launch approval under FAA move to waive environmental rules
“America won the first Space Race, and we can do it again — but only if we get government red tape out of the way,” Transportation Secretary Sean Duffy said.