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The Latest Breaking News from Matt Friend

Trump renaming fiasco fuels jokes as Maher takes Kennedy Center’s Mark Twain prize

Punchlines on president’s thwarted bid to have building named after him come thick and fast at Washington DC gala

The Guardian - UK

King Charles responds mischievously to US comedian’s royal impersonation

King Charles responded mischievously to a US comedian’s impersonation of him during the first day of his royal visit.

The Independent UK

Why Nike stock is soaring despite a looming billion-dollar tariff hit and its CEO saying sales are ‘not up to the Nike standard’

Nike shares soared 15% on Friday following the better-than-feared quarterly earnings report.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Nike Faces $1 Billion Trump Tariff Blow, Plans 'Surgical' Price Hikes Starting Fall 2025 To Offset Impact

President Donald Trump‘s tariffs on Chinese imports have increased Nike Inc.‘s (NYSE:NKE) costs by $1 billion. As part of their mitigation strategy, the athletic giant plans to start implementing price hikes in the fall of 2025.

Benzinga

Nike warns Trump tariffs could cost it nearly £730m

The sportswear giant recently warned it would raise prices on some trainers and clothing in the US to counter rising tariffs.

Evening Standard

Daniels says Trump is "no Arnold Palmer"

The adult actress also clowned the size of Trump's hands

Salon

Nike's secret 'DNA' department hit by layoffs in $2 billion cost-cutting scheme

The DNA collection is not open to the public and is largely reserved for researchers and designers.

Fortune

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Biden stole WH correspondents’ dinner

And, yes, there were plenty of jokes throughout the evening about "Stormy weather" and killing dogs

Salon

Nike Stock 2024 Prediction: Will NKE Stock Finally Recover?

Nike stock trades 41% below its all-time highs, even as the S&P 500 is within striking distance of its newly set record highs. The 2024 forecast for NKE stock looks positive, though, and the stock should recover and go back up from here.

Barchart

Nike will lay off workers as part of $2-billion cost-cutting plan

The company slashed its sales forecast and said it plans to cut up to $2 billion in costs over three years. Slowing sales in China are a big reason why.

People

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