AJ Bell
Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair
Walt Disney named Morgan Stanley veteran James Gorman as chair and said it would announce a replacement for CEO Bob Iger in early 2026.
Adidas
Nike shares drop as investors fret over murky turnaround timeline
Nike shares fell about 8% in early trading on Wednesday after the sportswear giant withdrew its annual revenue target.
Business
Nike CEO To Retire As Sportswear Company Sales Drop
Sports Brand Nike announced on Thursday, that CEO John Donahoe will retire after more than five years of being in charge of the company as the brand has struggled recently with sales and other competition.
Berkshire Hathaway
Wall Street: Dow Surges 500 Points And Tesla Stock Jumps Over 6%
The Dow jumped over 500 points and the Nasdaq increased 2% on Thursday as retail sales data indicated resilient consumer spending, somewhat calming fears of a possible recession.
Abril Elfi
Ex-DEI Manager At Facebook And Nike Sentenced For Multi-Million Dollar Fraud
A former Diversity, Equity, and Inclusion (DEI) manager at Facebook and Nike has been sentenced for wire fraud worth over $5 million.
2024 season debut
Woods partners with TaylorMade to launch Sun Day Red apparel brand
Tiger Woods will be sporting a new look when he makes his 2024 season debut this week.
contract
Tiger Woods And Nike End Partnership After 27 Years
Tiger Woods has announced that he is ending his partnership with the world’s largest sportswear brand, Nike, after 27 years.
Amazon
Apple suffers setback in fight against EU’s $14 billion tax order
An adviser to Europe’s top court said an EU tribunal made legal errors when it ruled in favor of Apple.
Drag Shows
Nike to invite child sex change surgeon to panel discussion for pride month
According to a leaked email recovered by The Daily Wire, Nike is set to celebrate Pride Month by hosting a panel discussion with a surgeon who has touted that he performed “gender affirming mastectomies” on minors.
Bud Light
Dylan Mulvaney’s endorsements spark backlash
A transgender Tik Tok star is making lots of money after partnering with some big brands, like Nike and Bud Light.