BEAMSTART Logo

HomeNews

Nike’s stock price tanks as sports giant joins growing list of corporate casualties in Trump’s tariff battle

Fortune LogoFortune12h ago

Nike’s stock price tanks as sports giant joins growing list of corporate casualties in Trump’s tariff battle - Fortune

Quick Summary:

"Geopolitical dynamics, new tariffs, volatile foreign exchange rates, tax regulations" and consumer confidence are all impacting Nike's outlook.

The declining revenues of Nike, which has a market cap of approximately $98 billion, won't come as a shock to its C-suite.

Friend isn't alone in the opinion that the health of consumers may yet prove relatively robust, despite inflationary headwinds and market uncertainty.

More Pictures

Nike’s stock price tanks as sports giant joins growing list of corporate casualties in Trump’s tariff battle - Fortune (Picture 1)

or

Article Details

Author / Journalist: Eleanor Pringle

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 15:42:48 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 156 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27221581

View Article Analysis

About Fortune

Fortune Logo

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 56 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Nike’s stock price tanks as sports giant joins growing list of corporate casualties in Trump’s tariff battle" has 622 words across 4 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story "Nike’s stock price tanks as sports giant joins growing list of corporate casualties in Trump’s tariff battle" was covered 12 hours ago by Fortune, a news publisher based in United States.

How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news.

The outlet is headquartered in United States and publishes an average of 56 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27221581
  • URL: https://chronographically.beamstart.com/news/nikes-stock-price-tanks-as-17425722048168

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.