Author: Editor

A Nike store in Hanoi, Vietnam, on July 3, 2025.Nhac Nguyen | Afp | Getty ImagesNike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned. The cuts will impact less than 1% of Nike’s corporate staff. It’s unclear how many jobs will be impacted. Nike’s EMEA and Converse businesses will not be impacted. “As we shared in Q4 earnings, NIKE, Inc. is in the midst of a realignment. The moves we’re making are about setting ourselves up to win and create the next great chapter for NIKE,”…

When Chelsea F.C. reported earlier this year it had sold its women’s team to its own parent company for nearly £200 million ($269 million), investors scratched their heads: the team looked like it was only worth a quarter of that amount.The transaction made more sense when considering that the London soccer club’s owners, BlueCo 22, are led by Los Angeles Dodgers co-owner Todd Boehly, who wants to invest more in the men’s squad without breaking Premier League spending rules.The internal accounting sale means Boehly now owns a women’s team valued at £198.7 million. Chelsea, a separate entity, can count the…

U.S. companies are planning to buy back shares at a historic pace, a sign of Corporate America’s confidence in the economy, with Nvidia Corp. being the latest to add its name to the long list of repurchase plans.Announced buybacks surpassed $1 trillion on Aug. 20, marking the shortest amount of time needed to reach that level, according to data compiled by Birinyi Associates. The previous record was in October last year.Over the last few months, corporate heavyweights — particularly in financials and technology — have given the green light to large share-repurchasing programs. On Wednesday, Nvidia announced plans to buy…

Ron DeSantis is seeking to complete his project of remaking Florida into a conservative paradise with perhaps his riskiest wager yet: a campaign to largely wipe out property taxes.In his nearly seven years in office, the governor has ushered in a cultural revolution for schools, embraced abortion restrictions and thrown state resources behind President Donald Trump’s deportation drives, among other moves. Now, his tax-slashing effort is targeting levies that help pay for everything from education to police. It’s a move that would cement DeSantis’ status as a GOP standard-bearer and bolster his record if he were to pursue national office again…

Signed contracts to buy existing homes, known as pending sales, were weaker in July compared with June, and were canceled at the highest rate since at least 2017.The monthly pending home sales index from the National Association of Realtors dropped 0.4% in July from June, but was still 0.7% higher from July of last year. Mortgage rates in July were moving slightly higher, which could account for some of the drop. The average rate on the popular 30-year fixed mortgage started July at 6.67% and then moved to 6.85% by the middle of the month and ended July at 6.75%,…