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Macy’s Shares Drop after Reporting Mixed Q1 2023 Earnings and Lowered Its Full-Year Outlook

Macy’s noted that Nike will return to its stores, starting from October this year. Macy’s Inc (NYSE: M), an American conglomerate holding company that engages in consumer goods, released its first-quarter earnings results on June 01. According to the announcement, Macy’s reported net sales of $4.98 billion during the first three months of the year (Q1 2023), which represented a decline of approximately 7 percent YoY basis. However, analysts surveyed by REFINITIV expected the company to...

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Klarna Halves Q1 Net Loss and ‘On Track to Achieve Profitability This Year’

Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY. Klarna Bank AB significantly improved its Q1 bottom line after halving the net loss sustained for the period compared with last year. For the first quarter of the year, the Swedish fintech giant posted a net deficit of 1.3 billion Swedish krona ($120.7 million). This reverse is down 50% from Klarna’s year-ago outing as the company looks ahead toward profitability. In Q1 2022,...

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Nike Virtual Studio to Airdrop OF1 to .SWOOSH Community Members

The Nike Virtual Studio launch of the OF1 is also in tandem with the ideologies as it seeks to preserve the legacies of the Nike sneakers in all of their glory to collectors. Web 3.0 startup, Nike Virtual Studio is set to release the Our Force 1 (OF1) Non-Fungible Token (NFT) token as it seeks to power the accessibility to custom utilities for communities linked to its growth across the board. As detailed in a blog post, the chain of events leading to the release of the OF1 collection will...

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Bitrefill: Gutscheinportal mit Bonusprogramm

In letzter Zeit war der Bitcoin primär als Spekulationsobjekt in aller Munde. Durch rasante Kurssteigerungen gewann er langfristig stets an Wert. Viele haben damit große Gewinne gemacht. Aber damit eine Währung sich etabliert, muss sie auch genutzt werden können. Lange war dies nur für Nerds und Technikfreaks möglich. Zu kompliziert war das Einrichten einer Wallet und es gibt noch nicht viele Stellen, die den Bitcoin als reales Zahlungsmittel...

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Bitpanda: Ab 1 Franken in Nike, Starbucks, Netflix und Co. investieren

Bitpanda: Ab 1 Franken in Nike, Starbucks, Netflix und Co. investieren Die europäische Investment-Plattform Bitpanda (*), die erst kürzlich einen Marktwert von 1,2 Mrd. $ und somit Unicorn-Status erreicht hat, bietet mit dem Launch ihres neuen Produkts Bitpanda Stocks seinen Nutzern in der Schweiz und in den übrigen Märkten ab sofort auch Investitionen in Teilaktien an. Bitpanda Stocks brilliert mit innovativen Neuerungen, wie...

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Nike Stock Jumps Over 10% Today as Retailer Enjoys 36% Online Sales Growth

Nike reported quarterly earnings that have topped analysts’ expectations boosted by the company’s digital business and its success in North America. Nike stock is over 10% up today.On March 24, Nike Inc (NYSE: NKE) reported its earnings that topped analysts’ expectations, its stock reacted to the news. The quarterly earnings beat expectations due to a boost that came from the company’s digital business and significant growth in North America. These developments helped mitigate weakness in...

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Dow Futures Plunged 1,000 Points after Fed Cuts Interest Rate to Zero

Previously, the target range of the interest rate varied from 1% to 1.25%. Now the benchmark for both short-term lending for financial institutions and a peg to consumer rates will be targeted at 0% to 0.25%. Dow Futures lost 1,000 points.Yesterday evening, U.S. stock futures plummeted by 5%. Dow futures plunged 1,041 points or about 4.5%. S&P 500 futures closed down about 4.8%, while Nasdaq futures were down 4.5%. The drop followed the initiative of the U.S. Federal Reserve.On Sunday,...

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Possible Ban of Nike Super Shoes Boosts Share Prices of Its Japanese Rivals

A potential ban of Nike super shoes is frustrating athletes. However, the ban of super shoes as they are called is already causing stock prices of Japanese rivals to rise. Shares of Japanese footwear maker Asics Corp. rose by about 8% on Thursday. Prices then settled to an average of about 4.7 %. This occurred after sources said that World of Athletics was considering banning Nikes Vaporfly shoes. The shares of Mizuno Corp. which is another competitor rose as high as 1.6%.Nike’s Vaporfly Next...

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Nike’s Quarterly Earnings Rise by 35% Driven by Jordan Sales

Footwear maker Nike’s quarterly earnings have risen by 35%. Fans of the limited edition Jordans brands have been going to the stores and have even ordered clothing online. According to the earnings release, the footwear maker indicated that the Jordan brand just hit its first billion dollars in one quarter buoyed by innovation in designs and increased attention given by the shoppers to the basketball-related activities in niche markets that include international sales and women’s basketball...

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