Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not2020 Electionsread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Check out the companies making headlines in midday trading:Market Insiderread more
Uber has laid off about 350 employees across several teams within the organization.Technologyread more
A passenger has complained to United Airlines after a fellow traveler was allowed to fly with a T-shirt that called for hanging journalists.Airlinesread more
"I fear that's what we're headed into" here in America, warns the former Treasury secretary.Economyread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Kohl's stores are getting a bit of a refresh, and are being infused with new brands, ahead of this holiday season.Retailread more
Online travel company Booking Holdings has dropped out of Facebook's libra, joining a growing list of firms that have exited the embattled cryptocurrency project.Technologyread more
A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
Nike shares fell Friday morning after the sneaker maker reported weaker-than-expected sales in North America during its latest quarter and warned revenue growth could slow down during the fourth and current quarter.
The company told analysts Thursday evening that it expects sales during its fiscal fourth quarter will be up a high single-digit rate, on a constant currency basis. But currency headwinds are expected to reduce that growth by about 6 percentage points, CFO Andy Campion said, resulting in low single-digit gains compared with a year ago.
Nike shares were falling more than 4.5 percent Friday morning. The stock had closed Thursday at a record high of $88.01, having climbed more than 32 percent over the past 12 months.
Though Nike's fourth-quarter earnings outlook is shy of Street estimates, J.P. Morgan analyst Matt Boss said in a research note that Nike has been "historically conservative" with its forecast.
He said Nike selling more directly to consumers, and at full price, should continue to boost gross margins and help the company exceed its own outlook.
Separately, Nomura Instinet analyst Simeon Siegel raised his price target on Nike shares to $91 from $85, following the retailer's third-quarter earnings release.
"In this environment, Nike is showing its stripes, standing as the clear outlier to the recurring revenue ceiling that dominates all brands," Siegel said.
On Thursday, Nike told analysts its investments in online initiatives and its "Consumer Direct Offense" — where it's focused on getting new products to market with speed — were just starting to pay off.
"We are still in the early stages of executing the 'Consumer Direct Offense' with much more opportunity ahead of us," Campion said. "So, we will continue to focus our investments on the digital transformation of Nike and in the areas of our business where we see the greatest potential to grow and create value for both consumers and shareholders."