Nike’s China conundrum deepens as turnaround stagnates, shares slump

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Nike’s China conundrum deepens as turnaround stagnates, shares slump

Dec 19 (Reuters) – Nike is running out of time to prove its China playbook works as its sixth straight quarterly decline in sales in the country underscores how a market once seen as a growth engine has become the biggest pressure point for the U.S. sportswear giant.Â Second-quarter footwear sales dropped 2 …

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Starbucks taps Amazon’s Anand Varadarajan as new chief technology officer

Dec 19 (Reuters) – Starbucks said on Friday it has appointed Anand Varadarajan as its new chief technology officer, effective January 19, as CEO Brian Niccol pushes a tech revamp in stores to make labor more efficient.Varadarajan will fill the role after Deb Hall Lefevre stepped down in September, following w …

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AI boom drives data-center dealmaking to record high, says report

Data from S&P Global Market Intelligence showed that there were more than 100 data center transactions during the period, with the total value sitting just under $61 billion.Â WHY IT’S IMPORTANTInterest in data centers has swelled this year as tech giants and AI hyperscalers have planned billions of dollars …

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Growth in euro area highly uncertain due to trade war and tensions, ECB’s Rehn says

“Despite recent positive growth surprises, the geopolitical situation and the ongoing trade war may still bring negative surprises for the eurozone,” Rehn told reporters in Helsinki.Â The central bank for the 20 countries that share the euro kept its policy rates steady on Thursday and revised upwards some …

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Nike’s China conundrum deepens as turnaround stagnates, shares slump

💰 Why Elon just wrote a $51M check for a 90-cent material [sponsor]

Nike’s China conundrum deepens as turnaround stagnates, shares slump

Starbucks taps Amazon’s Anand Varadarajan as new chief technology officer

AI boom drives data-center dealmaking to record high, says report

Growth in euro area highly uncertain due to trade war and tensions, ECB’s Rehn says

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