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Nike sales trends outstrip rivals ‘by far’, says Credit Suisse

Bloomberg Nike Inc has been among the chief beneficiaries of a “significant acceleration in athletic apparel/footwear trends” over the past couple of weeks as stores in several states began reopening after the Covid-19 pandemic closed all but essential businesses across the country, according to Credit Suisse Securities analyst Michael Binetti. “Athletic trends looked very bad” at the start of the ...

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Trump ousts watchdog tangled in Ukraine saga

Bloomberg President Donald Trump moved to replace State Department Inspector General Steve Linick, an Obama administration appointee who featured briefly in the Ukraine impeachment saga, according to a letter he sent to House Speaker Nancy Pelosi. Trump wrote that “it is vital that I have the fullest confidence in the appointees serving as inspectors general.” “That is no longer the ...

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HK police arrest eight people in mall protest

Bloomberg Hong Kong police arrested eight people protesting in a mall in the New Territories, one of four anti-government demonstrations in shopping centers across the city on Saturday. The protesters were held for unlawful assembly, assaulting officers or obstructing them in the Tseung Kwan O mall, police said in a post on their Facebook page. The demonstrations at the different ...

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