As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
Even with rival Nike getting out of golf clubs, balls and bags, Adidas remains committed to sell its golf properties, outgoing CEO Herbert Hainer told CNBC on Friday.
While golf is on the outs, Adidas sees a bright future in merging lifestyle brands and entertainment to reach younger consumers, he said, highlighting its expanded collaboration with rapper-designer Kanye West.
Addressing the golf landscape, Hainer said on "Squawk Box" it still makes sense to sell its brands that include TaylorMade, despite recently strong 7 percent revenue growth, as well as Nike's moves and golf's return to the Olympics for the first time in 104 years.
With Adidas as a major sponsor of the games, Hainer was speaking from Rio, where the opening ceremony takes place Friday night.
Hainer said: "The golf equipment industry was not a growing market for the last several years." Golf sales at Adidas were down last year by a third their 2012 peak. "[So] we are in talks with several people who are very interested in buying TaylorMade," he said.
But before any sale, Hainer said: "The first and foremost job for us was to bring TaylorMade back to growth, and the undisputed No. 1 in metal woods, which we did." Adidas, which bought TaylorMade in 1997, announced last year it's intentions to part ways with golf.
Putting golf aside, Hainer said: "Adidas really has been successful in bringing forth entertainment and lifestyle together. [Our] collaboration with Kanye West, just to mention one of them ... [gives] especially the young consumer a special feeling."
Last month, Adidas agreed to expand its partnership with West, whom it poached from Nike three years ago. The deal was described by the German sportswear company as the most significant partnership between a nonathlete and a sports brand.
Adidas plans to create a new brand with West for footwear, clothing and accessories, and plans new stores selling West's Yeezy branded products along with Adidas products.
Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through the year 2032.
— Reuters contributed to this report.