Foot Locker (FL) is prepared to ride the coattails of serious momentum at key vendor Nike, analysts contend.  On Thursday evening, Nike reported record sales in North America for its fourth fiscal quarter. Sales surged 141% from last year, and 29% compared to the fourth quarter of 2019 (pre-pandemic). Digital sales soared 147% from the fourth quarter of 2019. Jordan brand sales rose an impressive 31% to $5 billion in Nike’s just completed fiscal year. Shares of Nike exploded 15% on Friday as… Source link

Google will now tell users when search results are rapidly changing around a breaking story. Some searches will now bring up a warning that “it looks like these results are changing quickly,” and a subheading will explain that “if this topic is new, it can sometimes take time for results to be added by reliable sources.” In a blog post, the company suggests that users might want to check back later when it’s found more results. The notice is initially appearing on US-based… Source link

By the end of June, we will have reached the midpoint of the MLB season. This marks the time where the collective interest of managers in each fantasy league starts to wane. Some of us are lucky and have a full set of leaguemates who keep their foot on the gas until the end of September no matter where they land in the standings. Unfortunately, between summer vacations, the looming arrival of fantasy football season and the stark reality that some teams now have little chance of claiming the… Source link

“We welcome this delay and only hope that Google uses this time to consult with the CMA as well as different parties that will be affected by the changes, including advertisers, agencies, publishers, and ad-tech and tracking solutions providers,” he said. Source link

The annual Fortune 500 list made headlines this month as a marker of progress in corporate diversity, since for the first time it included at least two Black women chief executives: TIAA (TRGIX) CEO Thasunda Brown Duckett and Walgreens Boots Alliance (WBA) CEO Rosalind Brewer. But headlines that trumpet the unique success of Black women executives may not deliver the message of progress they intend, says former Xerox (XRX) CEO Ursula Burns, who became the first Black woman CEO of a Fortune… Source link

In debuting Windows 11 on Thursday, Microsoft revealed not only a new operating system, but also its sharpest attack yet on the business practices of rivals Google and Apple. Why it matters: Microsoft still holds the lion’s share of the personal computer market. However, it is now trailing in the broader, three-way battle to power all the devices we use to access the internet. The big picture: Alongside a significant visual revamp, Windows 11 brings a number of business changes that take… Source link

Some sensible advice from Tim Draper, Brock Pierce, and other crypto leaders. It’s a great week for Bitcoin enthusiasts living in El Salvador. For the rest of us, the week has been “meh” at best. According to a tweet by Documenting Bitcoin, El Salvador’s President Nayib Bukele has promised to deliver $30 in Bitcoin to each registered El Salvador citizen, adding “The wallet app will work anywhere with a cell connection, and you won’t have to have a cell plan to use the app.”

Google will delay by nearly two years the phase out of Chrome web browser technology that tracks users for ad purposes, saying that it needs more time to develop a replacement system. The tech giant on Thursday moved its deadline to remove so-called third-party cookies to late 2023 rather than January 2022 as was initially planned. “We need to move at a responsible pace, allowing sufficient time for public discussion on the right solutions and for publishers and the advertising industry to… Source link

Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link

Nike’s stock is shaping up to be a slam dunk in investors’ portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend.  “[Nike] shares should rise another 50% from here,” said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target.  Added Konik, “Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its… Source link