Nike (NYSE: NKE) has disappointed investors in recent times. In the last five years, shares of the activewear giant have climbed just 22%. Both the S&P 500 and Nasdaq Composite fared significantly better than this measly return.Of course, Nike is dealing with some issues that can't be ignored. And this situation might mean that it's best to look elsewhere to gain exposure to the apparel industry.
Open FlipApple was hit with an EU antitrust fine of over 1.8 billion euros ($1.95 billion) on Monday, its first-ever, for preventing Spotify and other music streaming services from informing users of payment options outside its App Store. The European Commission's decision was triggered by a 2019 complaint by Swedish music streaming service Spotify.
Open FlipThe European Union leveled its first antitrust penalty against Apple on Tuesday, fining the U.S. tech giant nearly $2 billion for breaking the bloc's competition laws by unfairly favoring its own music streaming service over rivals. Apple banned app developers from "fully informing iOS users about alternative and cheaper music subscription services outside of the app," said team.
Open FlipIt's hard to say whether Kylian Mbappé is ahead of Lionel Messi and Cristiano Ronaldo in their battle for the honorific title of “best player in the world."But ahead of his expected move to Real Madrid, Mbappé is already leading the pair of multiple Ballon d'Or winners when it comes to intellectual property protection. In a sign of his immense commerical power.
Open FlipMacy's shares jumped 16% before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing the U.S. department store operator at $6.58 billion. They raised the offer price to $24 per share for the remaining stake that they do not own from $21 per share.
Open FlipTata Motors Demerger, Tata Motors to demerge commercial, passenger vehicle businesses into separate listed firms Tata Motors Ltd (TML) has on March 4 informed the stock exchanges of its decision to demerge its businesses into two separate listed entities, namely the commercial vehicles (CV) and passenger vehicles (PV) businesses.
Open FlipCentral banks are on the brink of victory in the fight to bring the global surge in inflation back under control, the Bank for International Settlements said on Monday. There was cause for "cautious optimism", according to the latest quarterly report from the BIS, which is often dubbed the central bankers' central bank due to its regular behind-closed-doors meeting.
Open FlipThe Reserve Bank of India (RB) on March 4 asked IIFL FInance to stop sanctioning or disbursing gold loans with immediate effect after observing certain material supervisory concerns in the company's gold loan portfolio. Explaining the action, the central bank said an inspection of the company was carried out by the RBI with reference to its financial position as of March 31, 2023.
Open FlipFertilizers and food accounted for about 65 percent of all direct benefit transfers (DBT) of Rs 4.35 lakh crore in 2023-24 so far. Subsidies on fertilizer handed out through DBT stood at the top of the pack with Rs 1.68 lakh crore this year, followed by food at Rs 1.19 lakh crore, government data showed. In 2023-24 so far, the government has released Rs 28,223 crore for Pradhan Mantri Awaas Yojana
Open FlipThe shares of Platinum Industries, a leading manufacturer of specialty chemicals, are expected to see a strong listing at the bourses on Tuesday. Ahead of the debut, the company's shares are trading with a premium of Rs 85 in the unlisted market. Considering the upper price band of Rs 171, the stock is expected to list at a premium of 50%.
Open FlipThe U.S. dollar weakened slightly on Monday, at the start of an action-packed week for markets with Britain's budget, a European Central Bank meeting, U.S. jobs data and important political moments in both China and the U.S. all due. Eyes were also on Bitcoin, which rose to a more than two-year peak.
Open FlipThe investment case for GE HealthCare is based on the idea that, now that it's a stand-alone company, management is free to realize its full potential. That potential lies in optimizing its pricing and product portfolio, researching and developing new products, building out its artificial intelligence (AI) backed solutions, selective mergers & acquisitions activity, and growing in exciting growth.
Open FlipPlug Power (NASDAQ: PLUG) stock has been a roller coaster. In January, shares nearly doubled in value only to give up those gains by the end of the month. February brought much of the same, with the stock price recently surging 17% over a handful of days.Despite the volatility, shares remain well below their all-time highs.
Open FlipThe ₹42.49 crore initial public offering (IPO) of small and medium-sized enterprise Shree Karni Fabcom will open for subscription on Wednesday, March 6, 2024. The issue, which will close on Monday, March 11, has a price band in the range of ₹220 to ₹227 per share. Shree Karni Fabcom GMPShree Karni Fabcom IPO GMP or grey market premium was ₹300.
Open FlipThe Indian market hit a fresh record high on Monday tracking positive global cues. The S&P BSE Sensex rose more than 60 points while the Nifty50 hit a record high of 22,440 tracking positive global cues. Sectorally, buying was seen in oil & gas, energy, power, and utilities while selling was seen in IT, consumer durables, and FMCG stocks.
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