Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
As the home to major companies such as Garmin, Sprint, H&R Block and Russell Stover Chocolates, plenty of business travelers find themselves in Kansas City for work. Here's...Travelread more
The United States aims to avoid war with Iran and the additional troops ordered to be deployed in the Gulf region are for "deterrence and defense," U.S. Secretary of State...Politicsread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
A group of female former employees of Nike are suing the company over allegations that it systematically discriminated against women and fostered a hostile work environment, according to a lawsuit.
The suit filed Thursday in U.S. District Court in Portland, Oregon, says the sports apparel maker "intentionally and willfully discriminated against [women] with respect to pay, promotions, and conditions of employment."
The complaint, which seeks class-action status, is led by former employees Kelly Cahill and Sara Johnston, who worked at the company's Beaverton, Oregon, headquarters. Cahill now works for rival Adidas.
"Women's career trajectories are blunted because they are marginalized and passed over for promotions. Nike judges women more harshly than men, which means lower salaries, smaller bonuses, and fewer stock options," the lawsuit reads. "Women's complaints to human resources about discrimination and harassment, including sexual assault, are ignored or mishandled."
In a statement to CNBC, Nike said they oppose discrimination in any form. "We are committed to competitive pay and benefits for our employees. The vast majority of Nike employees live by our values of dignity and respect for others," the company said in the statement.
Complaints first surfaced at Nike in March when a group of women presented CEO Mark Parker with a survey on gender discrimination.
Nike reacted swiftly with Parker quickly restructuring his leadership team and announcing that then-President Trevor Edwards would retire in August.
Edwards, who was being groomed to be a possible successor to Parker, has been blamed in the lawsuit for creating and exacerbating a "hostile work environment."
The company also admitted it failed in hiring and promoting women, ousted at least 11 executives and announced raises for 7,000 employees after conducting an internal review of its pay practices.
The CEO apologized to employees in May.
"We, and I, missed something. While many of us feel like we're treated with respect at Nike, that wasn't the case in all teams. And if all of our teammates don't see the same opportunities, we just can't accept that," he said at the time.
In the lawsuit, Cahill cites a culture where women felt excluded, were subject to hostility and were referred to in demeaning ways. She resigned from Nike in 2013. Cahill says she voiced her complaints to human resources at least four times to no avail.
"For many women at Nike, the company hierarchy is an unclimbable pyramid - the more senior the job title, the smaller the percentage of women," the suit reads. "Women's career trajectories are impacted because they are marginalized and passed over for promotions."
The group is seeking changes in company pay practices, a court-appointed monitor, back pay and an unspecified amount of punitive damages.
"The way Nike marginalizes women at its headquarters is completely contrary to how it portrays itself to its customers as valuing women in sports and the importance of providing equal opportunity to play," said Byron Goldstein of Goldstein, Borgen, Dardarian & Ho, which is representing the women.
Meanwhile, Nike's stock has not seen any material impact. The shares are trading near its all-time highs.
— CNBC's Nick Wells contributed to this article.