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Nike plans more job cuts to boost sputtering turnaround, forecasts steep revenue drop

Nike plans more job cuts to boost sputtering turnaround, forecasts steep revenue drop

By Danielle Kaye and Angela Christy M Oct 1 (Reuters) - Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in full-year

Yields fall after US 10-year hits highest since 2002; US stocks inch up

Yields fall after US 10-year hits highest since 2002; US stocks inch up

By Caroline Valetkevitch and Amanda Cooper NEW YORK/LONDON, Oct 1 (Reuters) - Bond yields fell on Thursday, reversing a rout in prices that earlier pushed the 10-year US yield to its highest level since 2002, as investors returned to the market, while Wall Street stocks edged higher with the decline

Oil jumps 4% on reports China halts fuel exports, US troops head to Middle East

Oil jumps 4% on reports China halts fuel exports, US troops head to Middle East

By Siddharth Cavale NEW YORK, Oct 1 (Reuters) - Oil prices jumped on Thursday and settled up more than $4 a barrel, after a report said the US was sending more troops and carriers to the Middle East and China suspended oil products exports, stoking fears that global fuel shortages could worsen.

Sia Sells 50 Percent Stake in Catalog for $180 Million in Preparation for Big Avatar Plans

A source confirmed to Rolling Stone that the artist sold her catalog to Pophouse and plans to launch an immersive avatar concert

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Clinton Azubuike's football journey started in Nigeria with stop in England before Vanderbilt | Exclusive

Clinton Azubuike's football journey started in Nigeria with stop in England before Vanderbilt | Exclusive

Clinton Azubuike, now a starting tackle for Vanderbilt football, joined the program after stints in Nigeria and London.

Nike plans more job cuts, geographic changes after forecasting sharp revenue drop

Nike plans more job cuts, geographic changes after forecasting sharp revenue drop

By Danielle Kaye and Angela Christy M Oct 1 (Reuters) - Nike deepened its restructuring under CEO Elliott Hill on Thursday, announcing a plan to cut more jobs and shake up its global business divisions after the struggling sportswear giant projected a surprisingly steep drop in full-year revenue.

Oil prices rise $3 as China suspends fuel exports

Oil prices rise $3 as China suspends fuel exports

By Robert Harvey and Siddharth Cavale NEW YORK, Oct 1 (Reuters) - Brent benchmark oil prices rose by $3 on Thursday after China suspended oil products exports, potentially tightening fuel markets already coping with supply shortages globally, while investors continued to assess diplomatic efforts to

TSMC Explores Multi-Fab AI Chip Campus in Texas Amid U.S. Expansion

TSMC Explores Multi-Fab AI Chip Campus in Texas Amid U.S. Expansion

TSMC Explores Multi-Fab AI Chip Campus in Texas Amid U.S. Expansion

Elton John Inaugurates Apple Music Hall in London with First Performance

Elton John Inaugurates Apple Music Hall in London with First Performance

Elton John Inaugurates Apple Music Hall in London with First Performance

Explainer-Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

Explainer-Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

By Libby George LONDON, Sept 29 (Reuters) - Senegal must persuade the International Monetary Fund that its groaning debt pile is on a sustainable path before it can unlock much-needed Fund financing. But proving this is much more complex than simply spending less or earning more.

Apple Music Users Identify Lack of Cross-Device Playback Handoff as Major Issue

Apple Music Users Identify Lack of Cross-Device Playback Handoff as Major Issue

Apple Music Users Identify Lack of Cross-Device Playback Handoff as Major Issue

Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

(Fixes typo in paragraph 5) By Libby George LONDON, Sept 29 (Reuters) - Senegal must persuade the International Monetary Fund that its groaning debt pile is on a sustainable path before it can unlock much-needed Fund financing.