The Latest Breaking News from Matthew Friend

Nike Inc. (NYSE:NKE) is navigating a period of sharp contrasts, celebrating a new partnership with Kim Kardashian's SKIMS while simultaneously bracing for a massive financial blow from escalating U.S. tariffs.

The sports giant appears to be unloading some of the burden of the tariffs onto customers

Donald Trump, who proclaimed himself as the "tariff man" in his first tenure, is set to return to the White House. His tariffs could be a serious headwind for companies like Nike that rely on China for the bulk of their supplies.

Nike faces multiple headwinds, says Morningstar analyst.

Nike stock is tumbling Wednesday after the retailer reported mixed earnings results and withdrew its full-year guidance.

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO. The athletics company's financials showed lower sales in every operating region, as its CFO pointed to lackluster store traffic in China…

Sportswear giant pulls financial guidance for the year to provide incoming CEO Elliott Hill ‘flexibility’

Nike stock is spiraling Friday after the athletic and apparel retailer missed sales estimates for its most recent quarter and lowered its outlook for its new fiscal year.

Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company's tepid outlook despite a hoped-for boost from the upcoming Olympic Games.