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Buy Any Dips in Nike Shares, Chart Watcher Says Ahead of Earnings
Nike will report earnings Friday. Whether the company beats or misses expectations, Piper Sandler’s Craig Johnson says, weakness presents a buying opportunity.
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Four Dividend Stocks Could Be Best Bets, According to Two Market Analysts
In the hunt for yield, Matt Maley of Miller Tabak and Delano Saporu of New Street Advisors share their top dividend-paying plays.
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Amazon Partners With Government Agency to Inspect Counterfeits
It marks the latest step in Amazon’s efforts to stamp out counterfeits, which have been a persistent problem on the site.
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Nike Accused of Fostering Hostile Workplace in New Gender Discrimination Lawsuit
A group of former female employees at Nike Inc. are suing the company over allegations that it “intentionally and willfully discriminated against [women] with respect to pay, promotions, and conditions of employment,” according to the lawsuit filed Thursday in the U.S. District Court in Portland. The complaint, which seeks class-action status, is led by former employees Kelly Cahill and Sara...
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Nike Apologizes After Naval Academy Says Logo Resembles Crest
Nike Inc. apologized after the U.S. Naval Academy in Maryland said the similarities between a logo for a clothing line and the academy’s historic seal are undeniable. Nike said in a statement Friday that they don’t feel it is appropriate to move forward with the collection. The Washington Post reports the logo is a collaboration between Nike and Undefeated, a...
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Nike's ‘Back to the Future' Power-Lacing Sneakers Hit Stores in NYC
Nike’s first power-lacing sneaker is finally on sale, but most people hoping to get their hands on the futuristic shoe will need to head to New York City, at least for now. The Nike HyperAdapt 1.0 shoe, which mimics technology from the movie “Back to the Future II,” is only on sale so far at two stores in SoHo, for...
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Nike to Start Selling Sneakers Through Online Giant Amazon
Nike said it will sell some of its sneakers through e-commerce giant Amazon, part of a plan to make its swoosh-branded products available in more places online. Shoppers can already find Nike goods on Amazon, but they are sold by third-party sellers. Nike said the new partnership with Amazon will help it better control its brand’s presentation on the site....
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Self-Tying ‘Back to the Future' Shoes Are Available by Lottery, With Proceeds Going to Charity
Nike’s Mag sneakers were made famous by “Back To The Future II,” and soon they’ll be out of the silver screen on onto the streets. The shoe company announced Tuesday that it’s releasing its limited-edition, self-tying 2016 Nike Mag, but not straight to stores. Anyone who hopes to snag a pair first has to enter a lottery on Nike’s website,...
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Nike Drops Lawsuit Against Olympic Hopeful Boris Berian
Nike is dropping its lawsuit against Boris Berian over what brand of gear he wears, freeing the middle-distance runner to concentrate on the Olympic Trials next week. Berian is emerging as one of the feel-good stories with the Rio de Janeiro Olympics on the horizon. He’s an 800-meter runner who flipped burgers at a McDonald’s in Colorado Springs, Colorado, to...
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Nike Unveils Its First Self-Lacing Sneaker
Nike Inc. has unveiled its first power-lacing sneaker — it allows users to make the fit looser or snugger on the fly by pressing buttons on the side of the shoe. The world’s largest sportswear brand, based in Beaverton, Oregon, unveiled the sneaker along with a host of other innovations Wednesday at a media event in New York.