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Deep dives and daily takes from The Business Now newsroom — across markets, money and macro.
Business
Nike Stock Down 35%: China Crisis Deepens — Is NKE a Bargain or a Dangerous Value Trap?
Nike Stock Is Falling — But Is This Finally the Buying Opportunity Investors Have Been Waiting For? Nike (NYSE: NKE) is facing a problem that goes far beyond a weak quarter. The world’s most recognizable sportswear brand is trying to rebuild growth while dealing with declining sales in China, weaker direct-to-consumer revenue, intense competition and...
Business
Jamie Dimon Warns UK Against Bank Tax Hike: Could Higher Taxes Push Finance Jobs and Investment Abroad?
Jamie Dimon Warns UK Chancellor Against Higher Bank Taxes JPMorgan Chase CEO Jamie Dimon has issued a fresh warning to the UK’s new Chancellor, John Healey, over proposals to increase taxes on banks, arguing that a less competitive tax environment could ultimately push financial jobs and investment away from Britain. Dimon’s intervention comes ahead of...
Commodities
China’s “Ice Silk Road” After Hormuz: The Arctic Shipping Route That Could Reshape Global Trade
China’s “Ice Silk Road” Is Moving From Vision to Reality For decades, the idea of using the Arctic Ocean as a major commercial highway between Asia and Europe seemed more like a geopolitical thought experiment than a realistic alternative to the Suez Canal. That is beginning to change. China is increasingly looking toward the Northern...
Business
Trump Threatens Oman Over Strait of Hormuz as US-Iran Talks Reach Critical Point
Trump Threatens Oman as Strait of Hormuz Crisis Deepens US President Donald Trump has issued a stark warning to Oman, saying the United States could take military action if Oman interferes with Washington’s efforts to control shipping through the strategically important Strait of Hormuz. The comments, reported on August 17, come at a highly sensitive...
Business
Is Bluesky Down Right Now? Users Report Widespread Outage, Login Problems and Feed Disruptions
Is Bluesky Down Right Now? Users Report Widespread Outage, Login Problems and Feed Disruptions Bluesky users are reporting widespread problems today, August 16, with the social platform failing to load properly for many people across different locations. Reports describe a range of issues, including login failures, blank or blue screens, feeds that refuse to load,...
News
Todd Blanche Refuses to Pledge DOJ Independence From Trump: Why His Answer Is Triggering a New Washington Fight
Todd Blanche Refuses to Pledge DOJ Independence From Trump: Why His Answer Is Triggering a New Washington Fight Washington is facing a fresh confrontation over the independence of the Justice Department after newly confirmed Attorney General Todd Blanche declined to promise that the department would always operate independently of the White House. Blanche made the...
Business
Is the Internet Becoming “Post-Human”? How AI Chatbots Talking to Bots Could Change the Web
Is the Internet Becoming “Post-Human”? How AI Chatbots Talking to Bots Could Change the Web The internet was built around a simple assumption: there are people on the other side of the screen. A person writes a post. Another person reads it. Someone asks a question, someone else answers. A customer reviews a product, a...
Global
USS Abraham Lincoln Under Pressure: Top U.S. Commander Visits Carrier as Sailor Families Demand Answers
USS Abraham Lincoln Under Pressure: Top U.S. Commander Visits Carrier as Sailor Families Demand Answers The USS Abraham Lincoln has become the center of a growing debate over the cost of America’s prolonged military operations against Iran. As the aircraft carrier prepares for relief after an unusually long deployment, U.S. Central Command chief Adm. Brad...
News
Virginia State University Shooting Leaves Five Injured After Welcome Celebration as Suspect Is Arrested on Campus
Virginia State University Shooting Leaves Five Injured After Welcome Celebration as Suspect Is Arrested on Campus A shooting at Virginia State University has left five people injured, according to reports, triggering a major police response on campus just hours after a welcome celebration. Authorities later arrested a suspect who was reportedly found hiding in a...