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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
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Nike Inc. (NYSE:NKE) Adds Former Intel CEO Bob Swan and NBCUniversal Telemundo Executive

Share of Nike Inc. (NYSE:NKE) dropped over 1.4% in pre trading session on Monday after It has added former Intel CEO Bob Swan and NBCUniversal Telemundo executive Mónica Gil to its board of directors. Gil heads NBCUniversal Telemundo Enterprises’ brand development, digital marketing, and multichannel creative activities as chief administrative and marketing officer.

She has oversaw various marketing and brand efforts across Telemundo’s broadcast, cable, and digital businesses, including Telemundo’s record-breaking 2018 FIFA World Cup broadcast. She also founded the Telemundo Academy to help the next generation of media executives and devised and launched Telemundo’s women’s leadership initiatives.

Swan is presently an operational partner on Andreessen Horowitz’s growth investment team, where he helps growth-stage portfolio firms as they scale their businesses. Prior to joining Andreessen Horowitz, he was CEO and CFO of Intel, where he supervised 110,000 workers, $78 billion in revenue, and raised yearly sales by around $25 billion throughout his tenure.

The executive chairman of Beaverton, Oregon-based Nike Inc. (NYSE:NKE), Mark Parker stated that Mónica and Bob are great additions to their board due to their aggregate expertise in company operations, innovation, marketing, branding, and media. They are pleased to lend their skills and perspectives as they continue to accelerate our approach of creating value via an unwavering commitment to serving the future of sport.

Nike shares fell 7% on June 28 after the firm announced an adjusted profit of 90 cents per share, a 3% decrease. Revenue fell by 1% to $12.2 billion.

The announcement that China revenue decreased 19% to $1.56 billion due to lockdowns frightened investors. A 23% increase in inventories to $8.4 billion didn’t help matters. North American sales fell 5% to $5.11 billion.

The current quarter’s adjusted profit is predicted to be 93 cents per share, a 20% decrease, with sales increasing by less than 1% to $12.33 billion. A call option may make sense for people who believe that much unfavorable news has already been priced into Nike stock.

One contract granted the bearer the opportunity to purchase 100 shares of Nike stock at a price of $99 per share. The highest that could be lost was $410, which was the cost of the 100-share contract.

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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Virgin Orbit (NASDAQ: VORB) Plans to Use Chapter 11 Procedure To Increase Value For Its Company

Shares of Virgin Orbit Holdings Inc. (NASDAQ: VORB) persist its gain in pre trading session as jumps over 50% in previous session as the company's U.S. subsidiaries, a capable supplier of space launches, declared that it has started a...

Teck Resources Limited (NYSE: TECK) Submits Proxy Circular, Supporting Documents for 2023 Meeting

Teck Resources Limited (NYSE: TECK) inches up in early session on Tuesday as the company announces that the management proxy circular and supporting documents for its annual and extraordinary shareholder meeting scheduled for April 26, 2023 have been submitted....

Broadcom Inc. (NASDAQ:AVGO) Soars After Britain Will Probe Its Acquisition of VMware (NYSE:VMW)

Broadcom Inc. (NASDAQ: AVGO) surges over 1.2% in pre trading session on Wednesday as the Britain declared it will thoroughly look into Broadcom's acquisition of VMware, Inc. (NYSE: VMW) after the US chipmaker made no quick commitments in response...

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